Ares Management has bought specialist real estate company Automotive from a Brookfield private real estate fund for $3.8bn.
Ares said the deal meant it had invested in more than 1,200 assets totaling about $7.2bn of gross asset value in the US and Europe over the last 15 months.
Ares’ real estate group had about $41.2bn under management at the start of the year.
The firm’s wider investment AUM, which covers private equity, credit, RE and infra, stood at about $306bn at that time.
Read more: AltAssets
