Key Takeaways
- • Black Creek Industrial REIT IV closes $920 million acquisition of 48 industrial properties spanning 8.3 million square feet across 13 U.S. markets, with 96.4% occupancy.
- • Ares Management acquired Denver-based Black Creek Group's U.S. real estate investment advisory and distribution business on July 1, 2021, positioning the fund to execute large-scale industrial transactions.
- • Portfolio consists of Class A and B industrial assets located in supply chain-critical markets, capitalizing on sustained e-commerce demand and industrial sector strength.
- • Transaction underscores institutional investor appetite for industrial real estate as a core commercial real estate vertical, with Ares leveraging Black Creek's established track record in core/core-plus industrial strategies.
Summary
Ares Management Corporation announced the completion of a $920 million acquisition by Black Creek Industrial REIT IV, its managed fund, comprising 48 industrial properties totaling 8.3 million square feet across 13 U.S. markets. The properties were purchased from Prologis, Inc. affiliates, representing a significant consolidation of Class A and B industrial assets with a reported occupancy rate of 96.4%.
The transaction reflects Ares' strategic expansion in the industrial sector following its acquisition of Black Creek Group's U.S. real estate investment advisory and distribution business on July 1, 2021. According to Raj Dhanda, partner and global chief operating officer of the Ares Real Estate Group, the deal demonstrates "continued commitment to the industrial sector, which is one of the strongest in commercial real estate backed by growing investor interest." The portfolio's geographic distribution across markets essential to national and regional supply chains positions the fund to benefit from sustained e-commerce growth and related logistics demand.
David Roth, partner and head of U.S. Real Estate Private Equity in the Ares Real Estate Group, emphasized the strategic rationale for the Black Creek acquisition, citing its established capability in sourcing and executing large-scale industrial transactions. Black Creek's operational expertise in core and core-plus industrial strategies, combined with its trusted standing as a buyer, owner, and operator in the sector, enhances Ares' competitive positioning within one of commercial real estate's most attractive verticals. The consolidated portfolio diversification and high occupancy rate provide institutional investors with stabilized, income-producing assets in a market characterized by robust fundamentals driven by structural shifts toward e-commerce and omnichannel retail logistics.
The transaction reflects Ares' strategic expansion in the industrial sector following its acquisition of Black Creek Group's U.S. real estate investment advisory and distribution business on July 1, 2021. According to Raj Dhanda, partner and global chief operating officer of the Ares Real Estate Group, the deal demonstrates "continued commitment to the industrial sector, which is one of the strongest in commercial real estate backed by growing investor interest." The portfolio's geographic distribution across markets essential to national and regional supply chains positions the fund to benefit from sustained e-commerce growth and related logistics demand.
David Roth, partner and head of U.S. Real Estate Private Equity in the Ares Real Estate Group, emphasized the strategic rationale for the Black Creek acquisition, citing its established capability in sourcing and executing large-scale industrial transactions. Black Creek's operational expertise in core and core-plus industrial strategies, combined with its trusted standing as a buyer, owner, and operator in the sector, enhances Ares' competitive positioning within one of commercial real estate's most attractive verticals. The consolidated portfolio diversification and high occupancy rate provide institutional investors with stabilized, income-producing assets in a market characterized by robust fundamentals driven by structural shifts toward e-commerce and omnichannel retail logistics.
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