About This Fund
Ares U.S. Real Estate Fund XI is the latest iteration in Ares Management's series of value-add real estate funds, focusing on acquiring and enhancing institutional-quality assets across the United States. The fund aims to capitalize on opportunities in historically attractive sectors, particularly multifamily and industrial properties, leveraging Ares' extensive experience and market insights to drive value creation.
The Texas Permanent School Fund (PSF) has committed $200 million to Fund XI, reflecting confidence in Ares' strategy and track record. This commitment aligns with PSF's objective to invest in assets that offer both income and appreciation potential, contributing to the fund's goal of delivering compelling risk-adjusted returns.
While the fundraising target for Fund XI has not been disclosed, its predecessor, Ares U.S. Real Estate Fund X, closed with $1.8 billion in equity commitments, indicating strong investor interest and support for Ares' value-add approach. Fund XI continues this legacy, seeking to identify and invest in properties that can benefit from strategic enhancements and active management.