Ares Real Estate Secures $107.5 Million Loan Refinance
The $107.5 million financing covers nearly 600 apartment units located in Texas and Pennsylvania.
Updated on Oct. 16, 2026 in Commercial
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Ares Real Estate has secured a $107.5 million loan to refinance a portfolio of nearly 600 apartment units. The financing covers the Axis 110 property in Richardson, Texas, and the Skye 750 development in King of Prussia, Pennsylvania.
Why it matters
Refinancing large apartment portfolios allows property owners to manage their debt obligations and capital structure amid changing lending environments. This transaction involves two significant multi-family assets located in the Dallas-Fort Worth and Philadelphia regional markets.
The $107.5 million refinancing supports a combined 599 units across two properties, including 351 units at Axis 110 and 248 units at Skye 750. The exact financial terms of the loan agreement remain undisclosed.
The players
Ares Real Estate
An investment firm that manages real estate assets and multi-family housing portfolios.
Sumitomo Mitsui Banking Corporation
A global financial institution that provides debt financing for commercial real estate projects.
CBRE
A global commercial real estate services firm that arranges financing transactions for property owners.
The details
CBRE arranged the transaction with Sumitomo Mitsui Banking Corporation, which provided the financing to Ares Real Estate. The portfolio includes Axis 110, completed in 2017, and Skye 750, which was finished in 2019. These properties represent multi-family assets in key regional markets that required debt restructuring.
Timeline
2017: Axis 110 construction completed.
2019: Skye 750 construction completed.
October 16, 2026: Transaction reported.
Money Landscape
Large-scale portfolio refinancing remains a core component of the commercial real estate cycle, allowing firms to adjust their leverage based on current market valuations. This transaction follows the established institutional reporting protocols set by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
This transaction is an institutional move and does not immediately change rental costs or lease terms for individual tenants. Tenants should continue to work directly with property management for any day-to-day service needs or lease inquiries.
The takeaway
Commercial real estate refinancing indicates how large investors are adjusting their debt loads within the current economic cycle. Keep an eye on regional multi-family market reports to understand how local vacancy rates and rental trends influence institutional investment decisions.
Further reading
For more on the current environment for property financing, see our Commercial section.
Source note: This article includes information reported by Commercial Observer.
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