04:54 PM EDT, 09/26/2024 (MT Newswires) -- Ares Management ( ARES ) late Thursday disclosed plans to acquire all of Walton Street Capital Mexico, along with selected affiliates of the industrial real estate manager.

Financial terms of the transaction were not disclosed by either party but Ares said it expects the deal will immediately add to its after-tax realized income. The acquisition is expected to close before the end of the year, subject to regulatory approvals and other customary conditions.

Walton Street Mexico had around $2.1 billion in assets under management through June 30 spread across more than 250 properties in Mexico and 51 million square feet of developed industrial space, Ares said.