Ares Management completed the acquisition of Capital Automotive from Brookfield for $3.8bn.

Ares Management, a global alternative investment manager, completed the acquisition of Capital Automotive, a self-managed real estate company that provides highly tailored, sale-leaseback capital, from Brookfield, an investment management company, for $3.8bn. "I’m excited to be partnering with the team at Ares and believe that together we will be well positioned to take advantage of the expanding opportunity set in the net lease market. Beyond the competitive edge of the Ares platform and the experience of the team, the strength of this partnership is reinforced through our shared commitment to accelerating positive social impact," Jay Ferriero, CARS President and CEO.