*As of December 31, 2017
(1) Includes Ares Management, L.P. (”ARES”) principal and originating offices where real estate activities take place.
(2) In Spain and Germany, Ares Real Estate Group does not maintain physical offices but has investment professionals dedicated to those markets.
(3) Non-Ares location providing administrative and support functions to the Ares Real Estate Group.
(4) Ares office providing administrative and support functions to the Ares Real Estate Group.
Financial Sponsors / Operating Partners: We directly cover financial sponsors and local operating partners and commit senior debt and subordinate debt to finance acquisitions by, or to recapitalize portfolio assets of, these sponsors.
Direct Investments: We cover key intermediaries in the commercial real estate arena, including mortgage brokerage firms, investment sales groups, and other real estate advisory platforms.
Capital Markets: We are able to underwrite and invest in primary and secondary market debt investments arranged by commercial and investment banks and other middle-market lenders.