Updated Nov 5, 2026
Michael Arougheti Of Ares Management Acquires Six Industrial Properties In Laurel For $151.3M
13261 Mid Atlantic Boulevard, 13250 Mid Atlantic Boulevard, 13230 Mid Atlantic Boulevard, 13201 Mid Atlantic Boulevard, 13200 Mid Atlantic Boulevard & 13150 Mid Atlantic Boulevard
$151,300,000
Building Size
—
Asset Type
Industrial
Closing
Nov 4, 2026
About this deal
AI
Ares Management acquired six industrial properties located at 13261 Mid Atlantic Boulevard, 13250 Mid Atlantic Boulevard, 13230 Mid Atlantic Boulevard, 13201 Mid Atlantic Boulevard, 13200 Mid Atlantic Boulevard, and 13150 Mid Atlantic Boulevard within the Brick Yard industrial park in Laurel, Maryland. The properties were part of a transaction valued at $151.3 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $151,300,000
- Buyer: Michael Arougheti - Ares Management
- Seller: Cathy Marcus - PGIM Real Estate
- Market: Laurel, MD
Michael Arougheti represented Ares Management in the acquisition, while Cathy Marcus represented PGIM Real Estate in the sale. The transaction adds significant assets to Ares Management's industrial portfolio.
On the Map
$151,300,000
Industrial
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Players
Atlantic Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93