Ares Management Corporation Expands into European Real Estate Debt
26 Januar 2022 - 12:30PM
Business Wire
Adds Deeply Experienced Team with Extensive
Relationships that Leverages Ares’ Established Investment
Platform
Closes First €113 Million Investment in
Belgium
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220125006100/en/
Media Brittany Cash, +1 212-301-0347 or Jacob Silber, +1
212-301-0376 media.europe@aresmgmt.com
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