Real Estate/Development
Jul. 6, 2013
Proskauer advises on Ares real estate deal
Los Angeles-based investment manager Ares Management LLC's acquisition of New York-based real estate management group Area Property Partners LP has closed, bringing the buyer's committed capital under management to $8 billion.
Daily Journal Staff Writer
Los Angeles-based investment manager Ares Management LLC's acquisition of New York-based real estate management group Area Property Partners LP has closed, bringing the buyer's committed capital under management to $8 billion.
Terms of the deal were not disclosed.
The purchase marks the third big move in less than a year for Ares Management. Last August, the firm's private equity...
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