{"id":1004115985,"date":"2015-03-23T06:18:19","date_gmt":"2015-03-23T14:18:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004115985"},"modified":"2022-12-08T21:00:13","modified_gmt":"2022-12-09T05:00:13","slug":"ares-acquires-second-german-residential-portfolio-in-a-year","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ares-acquires-second-german-residential-portfolio-in-a-year\/","title":{"rendered":"Ares Splurges on Investments in Germany"},"content":{"rendered":"<div id=\"attachment_100411\" style=\"width: 154px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Benjamin-Bill.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-100411\" data-attachment-id=\"1004115991\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ares-acquires-second-german-residential-portfolio-in-a-year\/benjamin-bill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Benjamin-Bill.jpg\" data-orig-size=\"144,170\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Benjamin-Bill\" data-image-description=\"&lt;p&gt;Bill Benjamin, Ares&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Benjamin-Bill.jpg?w=144\" class=\"size-thumbnail wp-image-1004115991\" alt=\"Benjamin-Bill\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Benjamin-Bill.jpg\" width=\"144\" height=\"150\" \/><\/a><p id=\"caption-attachment-100411\" class=\"wp-caption-text\">Bill Benjamin, Ares Management<\/p><\/div>\n<p>Funds managed by Ares Management L.P. have acquired 303 residential and 28 commercial units, totaling 22,000 square meters (236,800 square feet) of leasable space in the North Rhine-Westphalia region of western Germany, Ares announced Friday. The seller was Norway-based Obligo Investment Management; terms of the transaction were not disclosed.<\/p>\n<p>The purchase is the first add-on acquisition for Ares\u2019 existing German residential real estate portfolio, which consists of nearly 1,700 units totaling 108,807 square meters (1.17 million square feet) in several large cities in west and northwest Germany.<\/p>\n<p>\u201cAres\u2019 commitment to the German residential market is further bolstered by this transaction,\u201d Bill Benjamin, senior partner of the Ares Real Estate Group &amp; head of Europe and India Real Estate, said in a release. \u201cWe remained highly interested in this portion of the residential market in Germany due to the economic fundamentals that support continued strength in the rental market as well as the depth in the number of institutional investors for properties in this asset class.\u201d<\/p>\n<p>Ares intends to continue to work with Forte Capital, a Frankfurt-based real estate firm, \u201cto add value and reposition the expanded portfolio.\u201d<\/p>\n<p>On Feb. 9, Ares announced that a fund in its Real Estate Group had acquired from IVG Institutional Funds a 45,000-square-meter (484,376-square-foot) office and retail portfolio of eight properties in five European countries: the United Kingdom, Germany, Sweden, Poland and the Netherlands.<\/p>\n<p>The portfolio was valued at more than \u20ac100 million ($1.1 million), and the transaction reportedly was one of the first multi-jurisdictional portfolio sales since the financial crisis more than six years earlier. That transaction, too, was undertaken in partnership with Forte Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ares Management is a big spender these days, grabbing several assets in western Germany.<\/p>\n","protected":false},"author":952,"featured_media":1004115991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21783,21742],"tags":[],"class_list":["post-1004115985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ares Splurges on Investments in Germany - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ares-acquires-second-german-residential-portfolio-in-a-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ares Splurges on Investments in Germany\" \/>\n<meta property=\"og:description\" content=\"Ares Management is a big spender these days, grabbing several assets in western Germany.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ares-acquires-second-german-residential-portfolio-in-a-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-23T14:18:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:00:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Benjamin-Bill.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"144\" \/>\n\t<meta property=\"og:image:height\" content=\"170\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ares-acquires-second-german-residential-portfolio-in-a-year\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ares-acquires-second-german-residential-portfolio-in-a-year\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"Ares Splurges on Investments in Germany\",\"datePublished\":\"2015-03-23T14:18:19+00:00\",\"dateModified\":\"2022-12-09T05:00:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ares-acquires-second-german-residential-portfolio-in-a-year\\\/\"},\"wordCount\":279,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ares-acquires-second-german-residential-portfolio-in-a-year\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/Benjamin-Bill.jpg\",\"articleSection\":[\"International\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ares-acquires-second-german-residential-portfolio-in-a-year\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ares-acquires-second-german-residential-portfolio-in-a-year\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ares-acquires-second-german-residential-portfolio-in-a-year\\\/\",\"name\":\"Ares Splurges on Investments in Germany - 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