GLP J-REIT (JP:3281) has released an update.
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GLP J-REIT has announced an upcoming change in its parent company due to subsidiaries of Ares Management Corporation acquiring entities within the GLP Capital Partners group. Ares Management Corporation, a global alternative investment manager with over $447 billion in assets, will become the new indirect parent company of GLP J-REIT’s asset management company, following regulatory approvals expected by the first half of 2025. The transition is not anticipated to affect the operations and management of GLP J-REIT.
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