Ares Management Acquires 36-Property Industrial Portfolio from EQT for $650M+

The portfolio's largest individual assets include a 675,000-square-foot facility in Cherry Valley, Illinois ($48.5 million) and a 636,000-square-foot property in Zanesville, Ohio ($47 million). The $168 million-plus equity contribution by Ares reflects a disciplined capital structure against a well-leased income-producing portfolio. The deal represents Ares' second acquisition from EQT's industrial holdings, indicating a strategic relationship and conviction in the Midwest logistics market.