AREA Property Partners
Encyclopedia
AREA Property Partners is a New York City
headquartered international real estate
fund manager, that has been investing in the United States
since 1993, and globally since 1995. Headquartered in New York City, with offices in Atlanta, London
, Los Angeles
, Luxembourg
, Paris
, and Mumbai
.
Apollo Global Management, LLC as Apollo Real Estate Advisors. Today, AREA has invested over $13 billion in more than 570 transactions, with an aggregate value in excess of $65 billion.
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.
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
headquartered international real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
fund manager, that has been investing in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
since 1993, and globally since 1995. Headquartered in New York City, with offices in Atlanta, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
, Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
, Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, and Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
.
Overview
AREA Property Partners was founded in 1993, by William Mack and the private equity firmPrivate equity firm
A private equity firm is an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital...
Apollo Global Management, LLC as Apollo Real Estate Advisors. Today, AREA has invested over $13 billion in more than 570 transactions, with an aggregate value in excess of $65 billion.
History
William Mack recognized opportunities in the distressed property markets in the United StatesUnited States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
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.