American Real Estate Partners Closes Deal for Fund III

American Real Estate Partners Closes Deal for Fund III

Roger Pettingell Sarasota Real Estate

American Real Estate Partners (AREP) and its joint venture partner Machine Investment Group  invested in the logistics & distribution market with a one-million square foot industrial property located in Middletown, Delaware. This is AREP’s sixth investment through its Strategic Opportunity Fund III and is now 60 % deployed.

In June, AREP announced the closing of Fund III with $63 million in equity commitments from a mix of public and private institutional investors and family offices. Fund III continues AREP’s focus on a value-add and opportunistic strategy, concentrating on data center, residential, industrial, and office assets in East Coast urban and urbanized suburban markets. Fund III’s co-investment capital is targeted to invest in $1.5 to $2 billion of total asset value, utilizing moderate financial leverage.


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