This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ares Management Closes Acquisition Of Area Property Partners

Ares Management LLC announced today that it has completed its acquisition of AREA Property Partners, L.P., a top-tier real estate management firm investing across North America, Europe, and India. As a result, the Ares Real Estate Group now has a total of $8 billion in committed capital under management, including the publicly traded real estate investment trust Ares Commercial Real Estate Corporation (NYSE:ACRE).

As previously announced, Lee Neibart, AREA’s Chief Executive Officer, is now a Senior Partner of the Ares Real Estate Group. Mr. Neibart joins John Bartling, also a Senior Partner of the Ares Real Estate Group, as the Global Co-Heads of the Group. William Benjamin, AREA’s Head of Europe and India, is now a Senior Partner of the Ares Real Estate Group, and he will continue as Head of Europe and India Real Estate.

"The closing of this transaction marks a significant enhancement to the Ares Real Estate Group and brings together some of real estate's most talented leaders—Lee Neibart and Bill Benjamin from AREA and John Bartling and Todd Schuster from Ares," said Tony Ressler, Senior Partner and Chairman of the Executive Committee of Ares Management. "With the combination of the Group's leadership who have extensive experience in making debt and equity investments in North America, Europe, and India, Ares is now better positioned to meet the real estate investing requirements of our large investor base, just as we have done the corporate asset classes of private equity, private debt, and tradable debt."

"The Ares Real Estate Group, much like the rest of Ares' investment platform, can now offer sponsors and investors the ability to find opportunities up and down the capital structure and across a broad geography within our real estate platform," said Mr. Bartling. "These expanded offerings are further enhanced by the market insights, in both real estate and corporates, as well as the proprietary sourcing, deal flow, and distribution opportunities that come from being part of Ares Management."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs