Ares US Real Estate Opportunity Fund III, L.P Market and Portfolio Update
Strong Seed Portfolio With Dry Powder To Seek To Capitalize On Market
$1.7B
total fund size
Available
Capital
57%
Closed and In-Closing Investments by Sector²
Industrial
16%
Student
Housing
Current Portfolio Construction
Single-Family
Rental
8%
Mixed-Use
6%
Multifamily
6%
$715M
equity committed
to nine transactions¹
Office
4%
7
$982M
dry powder in an
early-cycle environment
Closed and In-Closing Investments by Geography²
Available
Capital
57%
National
16%
West
10%
East
9%
South
8%
Diversification does not assure profit or protect against market loss.
1. Equity Committed: represents the am of equity invested into investments (including reinvestment of capital) that have closed as of December 31, 2020, not
including amounts attributable to any financing or refinancing, and projected future equity that has been committed by the vehicle to such investments.
Amounts that are projected to be invested in investments are based on the manager's assumptions, which may differ materially from actual events or conditions.
2. Based on equity committed to nine closed and in-closing transactions against total fund size of $1.7 billion.
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