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Investment Giant Ares Management To Acquire Black Creek Group

Deal To Balloon Ares’ Assets Under Management to Almost $30 Billion
Black Creek Group owns the First Avenue Plaza at Cherry Creek in Denver, Colorado. (CoStar)
Black Creek Group owns the First Avenue Plaza at Cherry Creek in Denver, Colorado. (CoStar)

A unit of Ares Management Corp., one of the world's largest investment firms, plans to buy property investor Black Creek Group to add a major U.S. retail real estate distribution network and position Ares to capture expected growth in commercial property investment in coming years.

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