Ares U.S. Real Estate Opportunity Fund IV, L.P. (“AREOF IV”)
Where We See Opportunities
» Repricing has created exciting opportunities across U.S. and European Real Estate Equity and Debt
Direct RE Lending
Impact of rapidly rising rates has
disrupted CRE lending, creating white
space for non-bank lenders
Discounted Assets
Assets that have been starved of cash
flow since NOI is being used to pay
interest and service debt
Gap Capital
Higher cost of debt & reduced values
create opportunities to provide gap
capital (pref equity, mezz)
Distressed-to-Own
Asset-specific purchases where you
can own the assets by purchasing
distressed debt
do
%
Forced Sellers
Open-end funds with redemptions,
funds at end of life, banks selling
loan portfolios
7
• O •
Corporate Situations
Increased take-privates, corporate /
REIT divestitures and joint ventures
For illustrative purposes only. Based on the views of the Ares Real Estate as of October 2023, unless otherwise noted. As such, our views are subject to change at any time.
There is no guarantee or assurance investment objectives will be achieved.
ARESView entire presentation