Advised Ares Management, on behalf of Ares U.S. Real Estate Opportunity Fund IV, in connection with the acquisition of a real estate investment trust (REIT) from EQT Exeter, which owns a $650 million portfolio of 36 industrial and logistics center assets located in 13 states. The acquisition, which closed on March 26, 2026, was financed in part with a $500 million single-asset single-borrower loan originated by Wells Fargo, Bank of America and Barclays.