American Real Estate Partners (AREP)
 | |
| Industry | Real Estate |
|---|---|
| Founded | 2003 |
| Headquarters | |
| Services | Real Estate Development |
| Website | www |
American Real Estate Partners (AREP) is a US-based institutional fund manager and operating partner specializing in the real estate development and investment sectors.[1] Founded in 2003, AREP focuses on office, data center, mixed-use residential, and industrial development primarily along the East Coast.[2]
Since its inception, American Real Estate Partners (AREP) has acquired and developed various properties, totaling 25 million square feet of acquisitions to date amounting to $7 billion.[3]
History
American Real Estate Partners (AREP) was founded in 2003 by co-founders Douglas Fleit and Brian Katz and is headquartered in the greater Washington metropolitan area. The company operates as a fully integrated private equity real estate investment firm, focusing on office, data center, mixed-use residential, and industrial development primarily along the East Coast of the United States, including Washington, D.C., Maryland, Virginia, Pennsylvania, North Carolina, and New Jersey.[4] AREP offers comprehensive services in capital investment, acquisition, site selection, development, construction, leasing, asset management, and property management.[5]
Since its establishment, American Real Estate Partners (AREP) has engaged in strategic partnerships to enhance its real estate investments and developments.[6] Notably, AREP has collaborated with Harrison Street Real Estate Capital for data center projects and Westbrook Partners for residential land development initiatives.[7]
In July 2022, American Real Estate Partners (AREP) concluded its third real estate General Partner (GP) fund, named AREP Strategic Opportunity Fund III, securing $63 million in equity commitments.[8][9]
In September 2022, American Real Estate Partners (AREP) introduced PowerHouse Data Centers, a division specializing in constructing six data centers spanning 2.1 million square feet in Northern Virginia.[10] PowerHouse Data Centers, a next-generation data center company, provides technical real estate solutions tailored for hyperscalers in the region.[11] The company has commenced construction on multiple projects, including the Arcola Data Center, PowerHouse Pacific, and PowerHouse ABX-1 at Beaumeade. Additionally, PowerHouse Data Centers has formed a joint venture with Harrison Street to develop several data centers in key markets.[12] Furthermore, they have acquired land sites for new data centers in Reno, Nevada, and Pensylvania, Virginia.[13]
Portfolio
American Real Estate Partners (AREP) has acquired and developed various properties, totaling 25 million square feet of acquisitions to date amounting to $7 billion. The company’s portfolio includes:
- Data Centers
- Residential
- Industrial
- Office
References
- ↑ "American Real Estate Partners fund makes fifth acquisition". Institutional Real Estate, Inc. Retrieved 26 March 2024.
- ↑ Partners (AREP), American Real Estate. "AREP Debuts PowerHouse Data Centers as an All-In-One Solution to the Ashburn Data Center Market". www.prnewswire.com. Retrieved 26 March 2024.
- ↑ "arep-launches-powerhouse-data-centers-plans-21-million-sq-ft-338mw-across-virginias-loudoun-county". www.datacenterdynamics.com. Retrieved 26 March 2024.
- ↑ "American Real Estate Partners". www.reuters.com. Retrieved 26 March 2024.
- ↑ "American Real Estate Partners Commits Capital to Its 6th Deal in Recently Announced Strategic Opportunity Fund III". www.businesswire.com. 26 July 2022. Retrieved 26 March 2024.
- ↑ "American Real Estate Partners (AREP) launches a new data center division called PowerHouse Data Centers". baxtel.com. Retrieved 26 March 2024.
- ↑ "American Real Estate Partners closes third real estate fund". www.datacenterdynamics.com. Retrieved 26 March 2024.
- ↑ "American Real Estate Partners (AREP) Acquires 1660 International Drive". RealtyNXT. Retrieved 26 March 2024.
- ↑ "American Real Estate Partners and Harrison Street JV Commits $1 Billion for Data Center Developments in VA - SWFI". www.swfinstitute.org. Retrieved 26 March 2024.
- ↑ "American Real Estate Partners Begins Transformation of 1101 King Street into CityHouse Old Town". Yahoo Finance. 28 February 2024. Retrieved 26 March 2024.
- ↑ "American Real Estate Partners Acquires Office Asset". GlobeSt. Retrieved 26 March 2024.
- ↑ Partners, American Real Estate. "American Real Estate Partners (AREP) Acquires 1660 International Drive". www.prnewswire.com. Retrieved 26 March 2024.
- ↑ "American Real Estate Partners Announces the Closing of its Third GP Fund with Capital Commitments of $63 Million". www.businesswire.com. 22 June 2022. Retrieved 26 March 2024.