Ares Management Corporation announced today that funds managed by its Alternative Credit strategy and Real Estate Group have acquired Capital Automotive LLC from a Brookfield private real estate fund for $3.8 billion. This latest transaction highlights Ares’ increased focus on serving sponsors and companies in need of flexible net lease solutions.
Using the complementary strengths of the Ares Real Estate and Alternative Credit teams and a dedicated team of seasoned net lease investment professionals, Ares has accelerated its net lease activities. Including the recent investment in CARS, Ares’ funds have invested in over 1,200 assets totaling approximately $7.2 billion of gross asset value in the U.S. and Europe over the last 15 months. This includes net lease investments spanning retail, industrial and office assets leased to tenants with varying credit profiles.
Ares’ dedicated net lease investment team brings deep industry experience combined with an integrated operating platform. The team focuses on high quality real estate and tenants while seeking to provide creative structuring and financing solutions in order to maintain maximum capital flexibility.
Read more: BusineesWire
