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"I'm not sure we could say the deal fell through, but
there was no concrete agreement" said Huizar, noting that the
district's plan would involve acquiring less land than would a
collaboration with ACOF. ACOF purchased a one-acre parcel on Fourth Street with two
abandoned houses and an empty apartment building about two years ago,
planning to develop 58-units of low-income housing.
Ares' private equity activities are conducted through two Ares
Corporate Opportunities Funds: ACOF I and the new fund Ares Corporate
Opportunities Fund II. |
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