Ares Management makes $100M multifamily buy in Westchester

Ares Management bought a 400-unit garden apartment complex in Westchester County for more than $100 million. The Los Angeles-based alternative assets manager paid $101.3 million to purchase the 418-unit Ridgeview Apartments at 32 Nob Hill Drive in Elmsford, sources told The Real Deal. The seller is Scarsdale-based investor Frank Palazzolo. Representatives for Ares Management and Palazzolo were not immediately available to comment. Aliza Avital-Caplan of Emerald Equities NYC brokered the off-market deal, and declined to […]

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