AREA was one of the founding opportunity fund managers in the distressed period of the early 90's. As an opportunistic fund investor, AREA has consistently identified key trends in real estate markets and developed strategies to capitalize on those trends. AREA's opportunistic investment vehicles have benefited from a diverse asset base encompassing all the main real estate asset classes, as well as investments across major, supply-constrained and growth markets, including Boston, New York, Washington D.C., Chicago, Southern California and San Francisco. Employing these strategies to find investment opportunities, underwriting conservatively and pursuing an active value-creation program have all enabled AREA to generate attractive returns with excellent downside protection.

AREA has invested and committed approximately $4.9 billion to 198 separate transactions in the U.S. utilizing an opportunistic investment strategy.