Ares US Real Estate Opportunity Fund III
AREOF III Strategy Construction and Diversification
Target Portfolio of ~20 Investments
Ensures sufficient diversification
Allows team to focus on investments that are meaningful to overall performance
Current Portfolio Construction
Target Markets
Closed and In-Closing Investments by Sector(¹)
Industrial
11%
●
Uncommitted
63%
Single Family
Rental Portfolio
8%
Mixed-Use
7%
Multifamily
3%
Student Housing
3%
Office
5%
Closed and In-Closing Investments by Geography (¹)
O
Uncommitted
63%
National
24%
East
8%
South
3%
West
2%
-
Focus on high-growth submarkets in the
most liquid, major metropolitan areas
in the United States
Target select opportunities in secondary
growth markets
Rapid-growth submarkets exhibit supply
/ demand imbalances and demonstrate
strong job creation capacity
Target portfolio characteristics reflects Ares' current expectations. Actual characteristics may materially differ. Diversification does not assure profit or protect against market loss.
1. Based on target fund size of $1.5 billion. Please see notes on page 64. Portfolio allocation information represents the two closed and the seven in-closing investments for Ares US Real Estate
Opportunity Fund III, L.P. In-closing investments do not represent actual investments executed by Ares US Real Estate Opportunity Fund III, L.P. or any other Ares fund and are only provided as
an illustration of the type of investments that potentially may be available. The consummation of these investments 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 these investments will be consummated, perform as expected, or avoid significant losses. This information is shown
for illustrative purposes only and is not necessarily representative of all transactions of a given type and is intended to be illustrative of some of the types of investments that may be made by
Ares employing the investment strategies detailed in this presentation, and are not necessarily representative of the investment opportunities that will be available to Ares US Real Estate
Opportunity Fund III, L.P.
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