Ares Management’s Real Estate fund has secured $475 million in financing for a 4.8 million-square-foot, 25-building industrial portfolio spanning 16 markets in 12 states. The floating-rate CMBS single-borrower financing was provided by a syndicate led by J.P. Morgan, with Morgan Stanley and Natixis Corporate & Investment Banking as joint book runners.
The Cushman & Wakefield equity, debt and structured finance team served as the exclusive adviser to the borrower.
The portfolio is managed by Ares Industrial Management and consists of a geographically diverse national industrial portfolio consisting of 25 assets located in 16 key growth markets in 12 states across the United States. The portfolio is currently 97 percent leased to a diverse rent roll of 58 tenants.
The properties feature class A and B bulk warehouse and light industrial assets. The portfolio comprises nearly 4.8 million square feet, with its most significant assets consisting of two prope
