Ares Management Real Estate Fund Acquires Kustermann Park Office Complex in Munich; Terms Not Disclosed

Ares Management, L.P.

announced today that real estate funds it manages has signed a definitive agreement to acquire the Kustermann Park office complex in Munich, Germany. The complex, consisting of two adjacent multi-tenanted office buildings totaling more than 74,000 square meters, is located in Munich's South East office submarket and close to Munich's third largest railway station. Ares has been active in both commercial and residential real estate in Germany for 17 years. Earlier this year, it acquired a portfolio of two office buildings in Berlin and Hamburg as well as an add-on residential portfolio bringing the total number of residential units it owns to more than 2,000 across Germany.