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Ares Management Corp. has held a final closing of Ares U.S. Real Estate Opportunity Fund IV (AREOF IV). Ares raised more than $3.3 billion to invest in opportunistic real estate in the United States through equity commitments to the fund and related transaction vehicles. This marks the largest Ares Real Estate closed-end fundraise to date and is a significant increase from the $2.2 billion of commitments raised for the predecessor fund and related transaction vehicles.