Ares Closes $3.8B Net Lease Acquisition of Capital Automotive – GlobeSt.com

February 18, 2022 by No Comments

Skyrocketing prices for new and used vehicles is making it more likely that consumers will maintain their existing vehicles and it’s leading investors to look for ways to play the trend in commercial real estate.

Ares Management Corporation announced that funds managed by its Alternative Credit strategy and Real Estate Group have acquired Capital Automotive (CARS) from a Brookfield private real estate fund for $3.8 billion. 

Source: https://www.globest.com/2022/02/18/ares-closes-3-8b-net-lease-acquisition-of-capital-automotive/

Tags:

Leave a Comment

Your email address will not be published. Required fields are marked *