Ares Management Acquires 2,900 Residential Units Across Germany
(WorldNews Germany)

FRANKFURT & LONDON--(BUSINESS WIRE)--Feb 5, 2020-- Ares Management Corporation (NYSE: ARES) announced today that a fund managed by its Real Estate Group has acquired a portfolio of 2,900 residential units across several German cities, including top metropolises such as Berlin, Leipzig, Dresden, Essen and Dortmund. The portfolio comprises large residential complexes as well as classic turn-of-the-century buildings, most of which are within close proximity of each location´s city centre. The portfolio´s total rentable area amounts to approximately 210,000 square meters. `This acquisition is a continuation of our longstanding...