Get premium alternative investment insights

Get the Briefing
AltStreet
EDGAR Verified
Primary Source · SEC.gov

Ares US Real Estate Fund XI, L.P.

CIK 0002046604Fund Vehicle2025 vintage506(b), 3(c)
Ares US Real Estate Fund XI, L.P.

Raised

$2.3B

Investors

61

Min Invest

$0

AltStreet Analysis

·

Generated from EDGAR primary sources

Ares US Real Estate Fund XI, L.P. is a Delaware limited partnership managed by Ares Real Estate Management Holdings, LLC, filed as an amended Form D dated December 31, 2025. The fund has raised $2.277 billion from 61 investors under Rule 506(b) and Section 3(c) exemptions, with no stated minimum investment. This is a pooled investment fund vehicle focused on real estate.

This real estate fund operates under the traditional 506(b) private placement exemption typical of institutional-grade commingled funds. The $0 stated minimum combined with a $2.3B raise from 61 investors suggests an average commitment of approximately $37M per investor, consistent with institutional investor participation patterns in large-scale real estate fund structures.

Data Flags

minimum_investment$0 stated minimum on a $2.3B institutional-scale fund with only 61 investors, implying actual minimums are likely negotiated or undisclosed
investor_count61 investors contributing $2.3B yields an average investment of ~$37M per investor, indicating highly concentrated institutional investor base
generalAmendment filing with no first sale date disclosed, preventing assessment of fund lifecycle stage or filing timeliness

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002046604
Entity NameAres US Real Estate Fund XI, L.P.
Exemption506(b), 3(c)
First Sale Date—
Filing DateDecember 31, 2025
Accession Number0001470831-25-000458
Total Amount Sold$2.3B
Total Investors61
Minimum Investment$0 (no stated minimum)
Securities TypePooled Investment Fund
State of IncorporationNot specified
Amendment CountOriginal filing only

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

General Partner Ares US Real Estate Advisors XI, L.P.

Executive Officer · Los Angeles, CA

Manager Ares Real Estate Management Holdings, LLC

Executive Officer · Los Angeles, CA

David Roth

Executive Officer · New York, NY

Andrew Holm

Executive Officer · New York, NY

Jay Glaubach

Executive Officer · Los Angeles, CA

William Benjamin

Executive Officer · London, X0

Michael Arougheti

Executive Officer · Los Angeles, CA

Keith Kooper

Executive Officer · New York, NY

Jessica Mattoon

Executive Officer · New York, NY

Julie Solomon

Executive Officer · New York, NY

Is this your offering?

Claim this profile to add contact information, team members, LinkedIn profiles, fund history, and additional financial data. EDGAR-sourced data and AltStreet analysis cannot be edited, but corrections can be requested for verifiable inaccuracies.

Claim Profile — FreeGet Verified — $2,400/yr

Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. AltStreet analysis (summaries, flags, category context) is generated by Claude from this primary source data and reviewed for accuracy. Platform-provided information (if present) is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. EDGAR data is verified read-only — platforms may request factual corrections for demonstrable inaccuracies by contacting research@altstreet.investments. This page does not constitute investment advice.