ARA Asset Management to invest $700m by the end of 2019
ARA Asset Management has plans to invest an additional $700 million in new assets on behalf of its private funds division, ARA Private Funds.
All are scheduled to sign by the final quarter of 2019.
“Looking ahead, the team will continue its de-risked value-add strategy, seeking underperforming, undervalued income-generating assets in the deep, liquid gateway markets in Asia Pacific,” said David Kim, acting CEO of ARA Private Funds.
Recently, ARA closed more than $460 million in real estate transactions during first half 2019.