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Ares Management Corporation Expands into European Real Estate Debt
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Ares Management Corporation announced the addition of Philip Moore, Alessandro Luca, and Anisa Dudhia to enhance its real estate debt operations in Europe. This new team, focusing on commercial real estate loans, is set to leverage Ares' established investment platform. They have completed their first deal, providing €113 million for an office complex in Belgium. Ares aims to expand its European real estate debt capabilities, supporting institutional-quality property investments across various sectors.
Positive
Strengthened team with experienced professionals enhances Ares' real estate debt capabilities.
First loan of €113 million completed for a significant office complex in Belgium.
Negative
None.
Adds Deeply Experienced Team with Extensive Relationships that Leverages Ares’ Established Investment Platform
Closes First €113Million Investment in Belgium
LONDON--(BUSINESS WIRE)--
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that Philip Moore, Alessandro Luca and Anisa Dudhia have joined Ares to expand its real estate debt presence in Europe. These additions reflect a natural evolution of the Ares Real Estate Group’s 25-year track record in European real estate equity investing and its 10-year track record in U.S. real estate debt. The team expects to continue adding additional professionals in the near-term.
The team focuses on originating and managing commercial real estate (“CRE”) loans through its extensive regional networks of owner-operators, sponsors and intermediaries. The team targets loan originations for institutional quality Western European real estate properties, including residential, industrial, office, hospitality, mixed-use and retail. Working collaboratively across the firm, the team leverages Ares’ European real estate equity, European corporate direct lending and U.S. real estate debt platforms to access proprietary relationships, market intelligence and transaction opportunities. The team provides a range of creative and flexible financing solutions across the capital structure of its borrowers to seek to drive attractive risk-adjusted returns for investors. The team has already completed its first loan, providing €113 million in acquisition financing for a landmark office complex in Belgium through a fund managed by the Ares Real Estate Group.
Mr. Moore joins Ares as a Partner and Head of the team. Prior to joining Ares, Mr. Moore was a Managing Director in The Carlyle Group’s flagship Credit Opportunities Fund where he headed up the Real Estate investment activities for that strategy across Europe and North America. Mr. Luca joins as a Principal having previously been part of Goldman Sachs’ Real Estate Finance team since 2012. Ms. Dudhia joins as a Vice President and Counsel in the Ares Legal Team from Clifford Chance LLP, where she focused on real estate finance.
“We are pleased to welcome Phil, Alessandro and Anisa, whose extensive experience originating and structuring CRE financing transactions in Europe provides a strong foundation for our continued expansion of the Real Estate Group,” said Bill Benjamin, Partner and Head of the Ares Real Estate Group. “As we continue to grow this team, we believe our greater focus on European real estate debt complements our existing Ares Real Estate team and platform and further differentiates us in the marketplace as a comprehensive solutions provider.”
“Given the strength of Ares’ European real estate and credit businesses, the team and I are pleased to join a leading global platform at this pivotal time for our industry and the evolving market landscape,” said Mr. Moore. “Bolstered by Ares’ scale and collaborative approach and demonstrated by our first loan, we believe we are well-positioned to directly source loans and provide innovative financing solutions in the U.K. and Western Europe. Our pipeline of pending and future transactions continues to build as we seek to capitalize on the Ares platform and the robust market opportunity.”
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2021, Ares Management Corporation's global platform had approximately $282 billion of assets under management, with approximately 2,000 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Follow Ares on Twitter @Ares_Management.
Who are the new team members added to Ares Management's real estate debt group?
Ares Management has added Philip Moore as Partner, Alessandro Luca as Principal, and Anisa Dudhia as Vice President and Counsel.
What was the first investment made by Ares Management in Europe?
Ares Management's first investment in Europe was a €113 million loan for a landmark office complex in Belgium.
How does Ares Management plan to leverage its new team in Europe?
The new team will focus on originating and managing commercial real estate loans, utilizing Ares' extensive regional networks and investment platforms.
What sectors does Ares Management target for loan originations in Europe?
Ares Management targets residential, industrial, office, hospitality, mixed-use, and retail properties for loan originations in Western Europe.
What is the objective of Ares Management's expansion in European real estate debt?
The objective is to drive attractive risk-adjusted returns for investors and enhance their comprehensive solutions in the marketplace.
