Los Angeles-based Ares Management Corp. raised $5.4B in capital to invest in value-add real estate across the United States and Europe.

The announcement follows the closings of Ares US Real Estate Fund XI and Ares European Property Enhancement Partners IV, which raised approximately $3.5B and $1.9B, respectively, including equity commitments and other transaction vehicles.

“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,” Julie Solomon, head of Ares Real Estate, said in a statement.

“We believe this substantial capital reinforces our team’s ability to invest in the most compelling opportunities, particularly in supply-constrained sectors where durable cash flows and valuation resets are creating attractive entry points.”

The global alternative investment manager pointed to logistics, multifamily and self-storage as some of the sectors in which it expected to find opportunities to deploy.

Last week, Ares Management announced it was limiting redemptions on its $10.7B Ares Strategic Income Fund to 5% of shares, after investors put in redemption requests for 11.6% of shares, Bloomberg reported.

Ares was a top buyer of industrial properties in 2025 and, only three months into 2026, has continued to collect industrial assets, buying a 36-property portfolio from EQT Real Estate last month.