ares management corp ares said thursday it paid 38 billion to acquire capital automotive llc from one of brookfield asset management incs bam private real estate funds mclean virbased capital automotive cars specializes in providing saleleaseback capital to automotive dealers in the us and canada the company owns a portfolio more than 250 real estate assets and provides financing to auto dealers for acquiring new locations and upgrading facilities joel holsinger partner and cohead of alternative credit said ares is excited by growing market demand from sponsors and companies seeking a creative partner to help them unlock the value of their real estate assets ares management shares are up 11 so far in 2022 compared to a 61 yeartodate drop by the sp 500