LOS ANGELES--(BUSINESS WIRE)--
Ares Management Corporation (NYSE:ARES) announced today that David Roth
joined Ares as a Partner in the Ares Real Estate Group and Head of U.S.
Real Estate Private Equity, where he will lead the effort to scale Ares’
U.S. real estate private equity strategy, explore strategic growth
opportunities and continue to build the firm’s strong real estate
franchise. Mr. Roth will be based in Ares’ New York office and partner
with Ares’ tenured portfolio managers in its U.S. real estate private
equity strategies including Steven Wolf, Chief Investment Officer of
U.S. Real Estate Private Equity, Jay Glaubach, Andrew Holm, and Howard
Huang, all of whom will remain in their roles.
Mr. Roth brings more than 30 years of real estate experience, investing
across a broad range of asset classes, geographies, and strategies and
leading more than $10 billion in equity invested in direct, joint
venture and corporate real estate transactions. He was most recently a
Senior Managing Director at Blackstone, where he led investments
totaling $24.6 billion since joining the firm in 2006. He also
previously served as a Principal at Walton Street Capital in Chicago,
where he was a senior member of the acquisitions team.
“David is a highly-accomplished real estate executive who we believe
will be a strong cultural fit with us at Ares,” said Bill Benjamin,
Partner and Head of the Ares Real Estate Group. “We are excited to
welcome his excellent investment and market insights to help grow our
U.S. private equity strategies and are confident he will be invaluable
in leading us through our next phase of expansion.”
“I have always been impressed by the real estate team at Ares and its
track record of generating compelling returns for investors across
various property types and market cycles,” said Mr. Roth. “I look
forward to continuing to build the U.S. equity business within a leading
alternative asset manager alongside Ares’ best-in-class real estate
professionals.”
The Ares Real Estate Group manages comprehensive public and private
equity and debt strategies, with approximately $10.6 billion of assets
under management as of September 30, 2018. With its experienced team,
along with its expansive network of relationships, the Real Estate Group
capitalizes on opportunities across both real estate equity and debt
investing strategies. The Ares Real Estate Group has more than 75
dedicated investment professionals, led by 14 Partners who have an
average of 24 years of experience.
About Ares Management Corporation
Ares Management
Corporation is a publicly traded, leading global alternative asset
manager with approximately $125 billion of assets under management as of
September 30, 2018 and 18 offices in the United States, Europe, Asia and
Australia. Since its inception in 1997, Ares has adhered to a
disciplined investment philosophy that focuses on delivering strong
risk-adjusted investment returns throughout market cycles. Ares believes
each of its three distinct but complementary investment groups in
Credit, Private Equity and Real Estate is a market leader based on
assets under management and investment performance. Ares was built upon
the fundamental principle that each group benefits from being part of
the greater whole. For more information, visit www.aresmgmt.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190109005119/en/
Media:
Mendel Communications
Bill Mendel, 212-397-1030
[email protected]
or
Investors:
Ares
Management Corporation
Carl Drake, 800-340-6597
[email protected]
or
Priscila
Roney, 212-808-1185
[email protected]
Source: Ares Management Corporation
