Ares Management
(Ares Commercial Real Estate, Ares Commercial Real Estate Management, Ares Real Estate Income Trust, ACRE, AREEIF Lender)
People:
Ares Management portfolio
$1,000,000 – industrial 100%; Brooklyn 100%, Manhattan 0%
6298th largest portfolio by dollar value
10,320 sqft – industrial 100%;
5167th largest by SF
456 residential units – Brooklyn 100%, Manhattan 0%
399th largest by residential units
0 foreclosures, 1 bankruptcy, 0 other court cases.
Notes
Website: “ACRE is externally managed by Ares Commercial Real Estate Management.”
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 0 for $0
Borrower company: 0 for $0
Lender company: 2 for $383.5 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Taconic Partners (2), AEW Capital Management (2), Wildflower Ltd. (2), Hudson Companies (1), Second Development Services (1), Brookfield Properties (1), Xinyuan Real Estate (1), Louis V. Greco Jr. (1), Magnum Real Estate Group (1), Northwood Investors (1)
Top Ten Associated People:
Andrew Zlotnick (2), Daniel J. Bradley (2), Louis V. Greco, Jr. (1), Susan O’Brien (1), Pietro Amato (1), Matthew A. Dicker (1), Benjamin Shaoul (1), Aaron Weitzen (1), Christopher S. Barry (1), Richard Cohen (1)
Latest Stories:
• Taconic, Nuveen pay $70M to Downtown Capital for dev site in Upper East Side (December 30, 2021)
• AEW Capital pays $86.2M to APF Properties for office building in Soho (July 29, 2021)
• Taconic signs $90M refi with Ares Commercial for office building in West Village (July 20, 2021)
• Northwood pays $323.5M to Propp family for two Soho office buildings (June 17, 2021)
Litigation: