Today, Ares Management announced the final closing of Ares U.S. Real Estate Opportunity Fund IV, L.P. (AREOF IV). Through equity commitments to the Fund and related transaction vehicles, Ares raised over $3.3 billion to invest in opportunistic real estate in the U.S. This marks the largest Ares Real Estate closed-end fundraising to date, and it is a significant increase from the $2.2 billion of commitments raised for the predecessor fund and related transaction vehicles.