A fund managed by US-based Ares Management and German housing specialist Forte Capital has acquired 215 residential units in Kiel, the capital of the federal state of Schleswig-Holstein in northern Germany.
A fund managed by US-based Ares Management and German housing specialist Forte Capital has acquired 215 residential units in Kiel, the capital of the federal state of Schleswig-Holstein in northern Germany.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.