Founder William Mack Founded 1993 | Headquarters New York City | |
Industry real estate fund manager | ||
AREA Property Partners was a New York City headquartered international real estate fund manager, that had been investing in the United States since 1993, and globally since 1995. It was headquartered in New York City, with additional offices in Atlanta, Purchase, London, San Francisco, Luxembourg, Amsterdam, Madrid, Paris, and Mumbai. In July 2013, Ares Management announced that it had completed its acquisition of AREA Property Partners.
History
AREA Property Partners was founded in 1993, by William Mack and the private equity firm Apollo Global Management, LLC as Apollo Real Estate Advisors. Mack recognized opportunities in the distressed property markets in the United States in the early 1990s. In 2004, the firm acquired the Value Enhancement Funds, which focus on the U.S. value-added segment of the real estate investment spectrum.