Ares Raises $5.4B for Real Estate Funds

The investment firm gathered capital for value-add strategies in the U.S. and Europe.

Apr. 2, 2026 at 12:10pm

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Ares Management Corporation, a global alternative investment manager, has raised a combined $5.4 billion for its U.S. and European value-add real estate strategies. The funds will target investments in properties across sectors including multifamily, office, industrial, and hospitality.

Why it matters

The successful fundraising highlights continued investor appetite for value-add real estate opportunities in both the U.S. and Europe, as the asset class remains an attractive option for generating returns in the current market environment.

The details

The $5.4 billion in total capital was raised across two separate funds - the Ares U.S. Real Estate Value Enhancement Fund VIII, which gathered $3.4 billion, and the Ares European Real Estate Fund VI, which raised $2 billion. Ares plans to use the capital to acquire, reposition, and operate real estate assets that have the potential for significant value creation.

  • Ares announced the fundraising on April 2, 2026.

The players

Ares Management Corporation

A global alternative investment manager that focuses on credit, private equity, real estate and infrastructure.

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The takeaway

The successful fundraising for Ares' value-add real estate strategies demonstrates the continued appeal of opportunistic real estate investing, as investors seek to capitalize on market dislocations and operational improvements to drive returns.