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EQUITY AND REDEEMABLE INTEREST (Tables)
9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class
The following table presents the changes in each class of common stock:

Class A Common StockClass B Common StockClass C Common StockTotal
Balance - January 1, 2020115,242,028 1,000 1 115,243,029 
Issuance of stock (1)
19,854,764 — 115,199,620 135,054,384 
Exchanges of AOG Units (2)
1,891,240 — (514,818)1,376,422 
Redemptions of AOG Units— — (66,000)(66,000)
Stock option exercises, net of shares withheld for tax4,216,240 — — 4,216,240 
Vesting of restricted stock awards, net of shares withheld for tax2,622,438 — — 2,622,438 
Balance Outstanding - September 30, 2020143,826,710 1,000 114,618,803 258,446,513 

(1) On July 1, 2020, the Company issued 7,724,224 shares of new Class A common stock in connection with the SSG Acquisition.
(2) Effective March 30, 2020, Class C common stock activity represents redemptions to correspond with exchanges of AOG Units.
Schedule of Ownership Interests
The following table presents each partner's AOG Units and corresponding ownership interest in each of the Ares Operating Group entities, as well as its daily average ownership of AOG Units in each of the Ares Operating Group entities:

Daily Average Ownership
As of September 30, 2020As of December 31, 2019Three months ended September 30,Nine months ended September 30,
AOG UnitsDirect Ownership InterestAOG UnitsDirect Ownership Interest2020201920202019
Ares Management Corporation143,826,710 55.65 %115,242,028 49.70 %55.57 %48.17 %53.33 %47.46 %
Ares Owners Holding L.P.114,618,803 44.35 116,641,833 50.30 44.43 51.83 46.67 52.54 
Total258,445,513 100.00 %231,883,861 100.00 %
Schedule of Redeemable Interests
Redeemable Interest

The following table summarizes the activities associated with the redeemable interest in Ares Operating Group entities that was established in connection with the SSG Acquisition:
Total
Additions$99,804 
Net loss(1,007)
Currency translation adjustment, net of tax642 
Balance at September 30, 2020$99,439