Ares Management Corporation To Acquire Walton Street Mexico With $2.11B In Assets Under Management As Of June 30, 2024
Portfolio Pulse from Benzinga Newsdesk
Ares Management Corporation (NYSE:ARES) is set to acquire Walton Street Mexico, a leading industrial real estate asset management platform with $2.11 billion in assets under management. This acquisition will enhance Ares' real estate capabilities and expand its reach in the North American industrial market.
September 26, 2024 | 8:17 pm
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Ares Management Corporation is acquiring Walton Street Mexico, enhancing its industrial real estate capabilities with $2.11 billion in assets. This move positions Ares as a major player in the North American industrial market.
The acquisition of Walton Street Mexico by Ares Management Corporation significantly enhances Ares' industrial real estate capabilities and market reach. With $2.11 billion in assets under management, this move is likely to positively impact Ares' stock price in the short term as it strengthens its position in a key market.
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