Ares Management Corporation (NYSE: ARES) raised approximately $5.4 billion of aggregate capital for value-add real estate investments across the United States and Europe, according to a company statement.

The capital was raised through final closings of two funds: Ares US Real Estate Fund XI, which closed at its increased hard cap of $3.1 billion, and Ares European Property Enhancement Partners IV, which raised approximately $1.9 billion. Including related transaction vehicles and general partner commitments, the US strategy raised approximately $3.5 billion of total capital.

The funds target investments in logistics, multifamily housing, self-storage and adjacent sectors. Both funds have deployed or identified approximately $1.1 billion of initial investments to date, the company said.

"As real estate markets move into the early stages of recovery, our confidence is fueled by the increase in long‑term structural demand across our high-conviction New Economy sectors," said Julie Solomon, Head of Ares Real Estate.

Ares Real Estate manages approximately $114 billion in assets as of December 31, 2025, with over 740 professionals across 38 offices in the Americas, Europe and Asia-Pacific. The division operates equity and debt strategies across various property types.

Ares Management Corporation had nearly $623 billion of assets under management as of December 31, 2025, with operations across North America, South America, Europe, Asia Pacific and the Middle East.