"In the weeks since the transaction was announced, John and I have had many opportunities to meet with our investors and members of the Ares Real Estate Group to discuss our shared vision," said Mr. Neibart. "By joining Ares, our investors will benefit from its superior deal sourcing and access to market information as well as from its significant infrastructure. Additionally, we are excited to bring our equity investment discipline to Ares, which will forge a strong presence across the capital structure in real estate, just like Ares has demonstrated in its corporate investments."Ares Management was provided financial advisory services by J.P. Morgan Securities LLC and Hodes Weill & Associates acted as strategic advisor to AREA Property Partners. Legal representation for Ares Management was provided by Proskauer Rose LLP and for AREA Property Partners by Willkie Farr & Gallagher LLP.
Ares Management Closes Acquisition Of Area Property Partners
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