Samantha Rowan
The strategy will be used to make opportunistic investments in senior loans and real estate securities in the US and Western Europe.
The firm has raised more than $850m for Ares Real Estate Debt Strategies, published reports say.
The distressed opportunity set is driven in part by an estimated $936bn of loans slated to mature in 2026.
Stabilising asset values are leading institutional investors to take another look at the once-beleaguered sector.
The CMBS market made significant changes after the global financial crisis. The impact has meant a more stable market.
Apollo Commercial Real Estate Finance this week sold the residential- and office-heavy portfolio to Athene, its insurance arm.
Spreads on newly originated retail loans were largely stable in the third quarter, according to Trepp research.
Loan closings rose by 45% year-on-year, according to H1 2025 data from CBRE.
The executive order is seen as the next step in a long-term march towards greater diversification in retirement accounts.
The fund has a meaningful allocation to alternative sectors, says Jon Lindell, executive vice-president.