Ares Management Secures $563.9M Refinance Loan For 37-Property Industrial Portfolio Across 12 U.S. Markets

Ares Management secured a $563.9 million CMBS loan via Aireit to refinance a 37-property, 7.4 million square foot industrial portfolio across 12 U.S. markets. The loan, which originated from Morgan Stanley, Deutsche Bank, and Goldman Sachs, has a five-year, floating-rate structure that carries a term of two years and includes three one-year extensions, with a 61.9% loan-to-value ratio and is securitized under ARES 2025-INDC-3.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $563,900,000
• Asset Square Footage: 7,400,000
• Markets: Dallas, Atlanta, Chicago, Indianapolis, and Las Vegas
• Lender: Morgan Stanley, Deutsche Bank, and Goldman Sachs
• Landlord: Antony Ressler - Ares Management
• Brokers: Bill Moyer, David Milestone, Mark Finan, Mark Fluent, Steve Roth, Thomas Traynor & Tom Rugg - CBRE
• Loan Type: Refinance
• Loan Terms: Five-year, floating-rate with a term of two years and three one-year extensions

This refinancing deal highlights the key roles played by multiple brokers from CBRE, including Bill Moyer, David Milestone, Mark Finan, Mark Fluent, Steve Roth, Thomas Traynor, and Tom Rugg, who facilitated the arrangement of this significant financing transaction on behalf of Ares Management.