Ares US Real Estate Opportunity Fund III slide image

Ares US Real Estate Opportunity Fund III

We Believe Unprecedented Change Creates Opportunity What? Near Term Potential Opportunities Distressed real estate loans and loan portfolio acquisitions Structured capital infusions to bridge refinancing shortfalls upon loan maturities ● ● ● Intermediate Term Potential Opportunities Acquisition of projects auctioned off in bankruptcy Acquisitions of high-quality REO assets Recapitalization of stalled construction projects Distressed acquisitions of high-quality hotels at deeply discounted pricing ● ● Preferred equity positions to capitalize distressed and discounted loan purchases ● High-quality, well-located office buildings that have lost co- working and other tenants Distressed acquisitions of failed retail centers for repurposing or redevelopment Confidential - Not for Publication or Distribution ● 35 How? Participation in failed processes and busted auctions Sale / leasebacks and other structured investments in the owned real estate of operating businesses Public-to-privates Portfolio aggregation or break-up to capitalize on arbitrage opportunities Platform creation Selective, de-risked development ● ● ● From Whom? Over-leveraged asset owners who have lost money, interest or control Asset owners and operating businesses facing liquidity constraints Relationship lenders with assets post foreclosure Funds at end of term Based on Ares Real Estate Group's views as of August 31, 2020. However, the situation surrounding COVID-19 is fluid and developing rapidly. As such, our views are subject to change at any time. Forward looking statements are not reliable indicators of future events and no guarantee or assurance is given that such activities will occur as expected or at all. Information related to any identified opportunities does not represent an actual investment executed by AREOF III or any other Ares fund or investment vehicle and is only provided as an illustration of the type of investments that potentially may be available. The consummation of any of these depends upon, among other things, one or more of the following: satisfactory completion of our due diligence investigation of the prospective investments, our acceptance of the terms and structuring of such investment and the execution and delivery of satisfactory transaction documentation. There can be no assurance that any of these investments will be consummated, perform as expected, or avoid significant losses. ARES • Non-natural owners of real estate (e.g. corporates)
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