Ares Management Corporation Announces Agreement to Acquire Black Creek Group
Leading Core / Core-Plus Real Estate Firm Will Expand Ares’ Real Estate Group with Complementary Capabilities and Vertically Integrated Platform in High Conviction Industrial Sector Business Combination Will Add Significant Perpetual, Non-Traded REIT Capital and Retail Distribution Platform with Capacity to Scale Existing and New Products Combined Real Estate Group Assets Under Management to Increase to Approximately $29 Billion LOS ANGELES--(BUSINESS WIRE)-- Ares Management
Let’s Get To Work
What’s in a Name? It is estimated that the world needs approximately $90tn of infrastructure investment to support population growth, urbanization, and refurbishments through 2040.1 Even with sizable infrastructure programs like President Biden’s proposed $2.3tn “American Jobs Plan”, governments across the globe are extremely limited in their ability to close what has been an increasingly widening infrastructure investment gap. Consequently, there is a growing opportunity for