Ares Management, a private equity firm, and Core Spaces, a real estate company and student housing developer, agreed to form a $400m joint venture. “We are proud to partner with Ares and capitalize on the strong market backdrop supporting US purpose-built student housing investment adjacent to Tier 1 universities. We look forward to continuing to work with Ares to grow a premier portfolio in this attractive real estate sector,” Marc Lifshin, Core Spaces Co-Founder and CEO.