AREA Property Partners was founded in 1993 by William Mack, a prominent U.S. real estate investor, and Apollo Global Management, LLC, under the name Apollo Real Estate Advisors. Today, AREA is a global real estate investment and asset manager with professionals that combine a rare blend of hands-on real estate experience with sophisticated capital markets expertise and a global partner that brings enhanced financial resources and an expanded network of industry relationships. AREA has overseen the investment of multiple real estate funds and joint ventures, through which it has invested approximately $13 billion in more than 570 transactions with an aggregate value in excess of $65 billion. AREA's investment offerings have expanded from its initial global opportunistic funds to include a broad range of regionally focused opportunistic, value-added and debt investment vehicles throughout North America, Europe, and India. AREA maintains offices in each of these regions: a headquarters in New York City, and U.S. offices in Atlanta, Purchase, Los Angeles and San Francisco, as well as international offices in London, Paris, Luxembourg and Mumbai.

The five senior members of the firm have worked together since 1995 through multiple market cycles and varying market conditions and are supported by a team of more than 60 investment professionals. AREA also benefits from its strategic partnership with National Australia Bank Ltd (NAB), an international financial services organization and one of Australia's largest listed institutions. More specifically, in March 2011, NAB acquired a 35% non-controlling minority interest in AREA through its direct asset management group, nabInvest, to enhance AREA's distribution capabilities and support future strategic growth initiatives. The partnership had no impact on AREA's senior management.

AREA receives the support of a diverse investor base, which consists of leading global government and corporate pension funds, sovereign wealth funds, insurance companies, foundations, endowments and high net worth families. Since inception, more than 175 global institutional investors and many more high net worth individuals have committed approximately $13 billion to AREA's fund vehicles and managed accounts.

AREA's overall investment strategy is based on exploiting the arbitrage between the high demand and liquidity for stabilized, core real estate assets and the relatively low demand and liquidity for assets that require strong real estate skills to improve them. AREA seeks situations in which investments can be made at an attractive cost basis and in which value can be enhanced through intensive operational and financial management. AREA often sources investments by teaming up with joint venture partners with excellent access to off-market transaction flow. The firm seeks to add value, with proven local partners, through aggressive asset management.