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The bank just closed its acquisition of Sabal Capital Partners, expanding its on- and off-balance sheet lending options.
The loan on Pinder Point represents an opportunity that is slightly off the run and larger than many industrial financings the firm has seen.
The company has found that debt funds are providing more proceeds and better pricing.
The New York-based real estate private equity fund manager has had an active fourth quarter, completing more than $1.2bn of loans across 31 deals.
Borrowers are seeking speed and certainty over execution of loan terms, says Bryan Donohoe, partner and head of real estate debt at Ares.
The company expects to see strong rent growth over the next two years.
The workhorse of the commercial property finance market is down but might not be out.
Borrowers are tapping into ample liquidity for acquisitions and developments while lenders are being adequately compensated for risk.
The firm’s multifamily debt funds topped $3bn this year.
Institutional allocations are also favoring this segment of the credit markets.