Reuters - Ares Management to Acquire AREA Property Partners
Investment firm Ares Management is to acquire AREA Property Partners, gaining the New York-based real estate investor's US$6 billion in assets, the Wall Street Journal reported, citing people briefed on the matter, writes Reuters. Terms of the transaction were not disclosed but Ares, a Los Angeles-based investment firm with about $60 billion under management, will also buy out a minority stake in AREA held by the National Australia Bank.
13 May 2013•1 min read
