Andrea Karp

Partner, Head Of U.S. Due Diligence

Ares Management

(Ares Commercial Real Estate, Ares Commercial Real Estate Management, Ares Real Estate Income Trust, AREEIF Lender)

245 Park Avenue 44th Floor New York, NY 10167

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Ares Management NYC portfolio

$507.8 million -industrial 60%, condo 39%; Brooklyn 60%, Manhattan 39%*

437th largest portfolio by dollar value

327,853 sqft – condo 96%, industrial 3%; Manhattan 96%, Brooklyn 3%

1125th largest by SF

2 properties – Manhattan 66%, Brooklyn 33%

3541th largest

769 residential units – Brooklyn 59%, Manhattan 40%

419th largest by residential units

0 foreclosures, 1 bankruptcy, 0 other court cases.

Person Activity past 24 months:

Lender signatory: 2 for $493.5 million

Developer (new building or major alteration): 7 for 0 square feet

Top Ten Associated Companies:

Stonehenge NYC (1), A-Rod Corp. (1), Lendlease (1)

Top Ten Associated People:

Richard Cohen (1), Layth Madi (1), Margaret Spriggs (1)

Recent activity as signatory:

• Lendlease borrowed $450 million from Ares Management for 28 India Street on February 06, 2026.

• Taconic Partners and GreenBarn Investment Group borrowed $85 million from Ares Management for 819 Broadway on October 16, 2025.

• Stonehenge NYC and A-Rod Corp. borrowed $43.5 million from Ares Management for 340 East 51 Street on December 23, 2024.

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