Form D · Other Investment Fund

Ares Real Estate Enhanced Income Fund, L.P.

Los Angeles, CA · CIK 0001757739

Offering snapshot reported Dec 12, 2025 · SEC filing

Reported sold: $2.39B
Investors reported: 52
Minimum accepted: $0
First sale: Dec 18, 2018

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$2,166,547,843 → $2,385,519,210
Reported investors50 → 52

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 12, 2025	Amendment	$2,385,519,210	$218,971,367vs Dec 13, 2024	52	SEC filing
Dec 13, 2024	Amendment	$2,166,547,843	$146,271,977vs Dec 15, 2023	50	SEC filing
Dec 15, 2023	Amendment	$2,020,275,866	$345,016,028vs Dec 16, 2022	49	SEC filing
Dec 16, 2022	Amendment	$1,675,259,838	$386,010,609vs Dec 17, 2021	44	SEC filing
Dec 17, 2021	Amendment	$1,289,249,229	$282,956,640vs Dec 18, 2020	29	SEC filing
Dec 18, 2020	Amendment	$1,006,292,589	$139,242,311vs Dec 20, 2019	18	SEC filing
Dec 20, 2019	Amendment	$867,050,278	$717,050,278vs Dec 21, 2018	16	SEC filing
Dec 21, 2018	Initial	$150,000,000	No comparison	9	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.5, 3C.6, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0
Form D file number: 021-328829

Total Amount Sold includes the General Partner commitment.

Sales commissions are expected to include a percentage of the net asset value of certain Korean and Singaporean investors' interests.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Ares Management Capital Markets LLC	166219
Meritz Securities Co., Ltd	None
NH Investment & Securities Co., Ltd	None
Bank of Singapore Limited	None

Source: Form D, filed Dec 12, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

ARES REAL ESTATE ENHANCED INCOME FUND, L.P.

Investment adviser: ARES COMMERCIAL REAL ESTATE MANAGEMENT LLC

Gross asset value: $5.07B
Beneficial owners: 48
ADV minimum commitment: $5M

Reported in Form ADV on Aug 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITCO FUND SERVICES (USA) INC. JERSEY CITY, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP LOS ANGELES, California, United States

Custodian WELLS FARGO BANK N.A. MINNEAPOLIS, Minnesota, United States Related to adviser: No

Marketer ARES MANAGEMENT CAPITAL MARKETS LLC CULVER CITY, California, United States Related to adviser: Yes

Marketer MERITZ SECURITIES CO., LTD SEOUL, Korea, South Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

ARES MANAGEMENT CAPITAL MARKETS LLC
CRD 166219 · SEC 8-69194

Filing source

Form ADV 2127944 · Aug 26, 2026 · Schedule D 7.B.(1), fund 805-7200397886

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Manager Ares Commercial Real Estate Management Llc	Executive
General Partner Ares Real Estate Enhanced Income Advisors, Llc	Promoter
Michael Arougheti	Executive
William Benjamin	Executive
Bryan Donohoe	Executive
Anton Feingold	Executive
James A Henderson	Executive
Keith Kooper	Executive
Jessica Mattoon	Executive
Elaine Mc Kay	Executive
Antony P Ressler	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

2000 Avenue Of The Stars, 12 Th Floor
Los Angeles, CA, 90067