Articles from American Real Estate Partners

American Real Estate Partners (“AREP”), an institutional real estate fund manager and operating company, today announced that one of its best-in-class office properties, Inventa Towers in Silver Spring, Maryland, has achieved WiredScore Platinum and is the only building in Silver Spring to do so. This distinction reflects AREP’s ongoing strategy of leveraging property technology (proptech) and design innovation to create sustainable, wellness-focused, and highly connected workplaces that elevate tenant experience and long-term asset performance.

American Real Estate Partners (“AREP”), an institutional real estate fund manager and operating company, today announced the closing of its fourth real estate GP fund, AREP Strategic Opportunity Fund IV (“Fund IV”) with $309 million in equity commitments, reflecting significant growth since the conclusion in 2022 of fundraising for AREP’s third investment fund.

American Real Estate Partners (AREP) today announced the successful completion of a 4-year loan extension for its 1600 Market Street property. As part of the extension, AREP now has access to an increased future lease funding line for the property, thus ensuring the full capitalization of the asset and securing the necessary funding to continue its repositioning efforts. The extension was achieved through a complex structure involving senior lenders Natixis Corporate & Investment Banking (Natixis CIB) and BlackRock, along with mezzanine lender JPMorgan, extending the property’s loan maturity and reinforcing the long-term viability of the building.

Today, American Real Estate Partners (AREP) announced that it has secured a 13,853-square-foot lease with Two Birds at its Inventa Towers property in the heart of Silver Spring.

Today, American Real Estate Partners (AREP) announced the official start of construction on CityHouse Old Town, the company's latest luxury rental development for the firm's residential platform: CityHouse. Joining them is AREP's strategic investment partner Silverpeak Real Estate Partners.

Today, American Real Estate Partners announced a partnership with Unstuck Labs, an award-winning tech accelerator and mobile app developer that works with early-stage startups, founders, and innovation programs. United by a shared goal of providing environments for people to feel and perform at their best, Unstuck Labs chose one of AREP’s custom-designed SuiteX office spaces for its new startup studio location at the company’s newly transformed Rosslyn City Center (RCC) in the heart of Arlington, Virginia. And every week, RCC will be home to Unstuck Tuesdays, a free workshop for the brave, curious entrepreneur looking to level up.

Rithm Capital Corp. (NYSE: RITM; "Rithm"), American Real Estate Partners ("AREP"), and GreenBarn Investment Group ("GreenBarn") announced today that they have partnered to acquire a luxury 200-unit subdivision of townhomes in Ashburn, Virginia, from Dream Finders Homes for $120 million. Launching as CityHouse Ashburn Station, the community is prime for individuals and families who are renters-by-choice, seeking a single-family home lifestyle, and as an alternative to the for-sale market.

Today, leading global private markets firm, Partners Group, acting on behalf of its clients, and co-developers American Real Estate Partners (AREP) and Oliver Tyrone Pulver Corporation (OTP), secured a 34,565 RSF lease with CRB Group, an innovative facility design, engineering, construction and consulting firm. CRB Group will move its Philadelphia team from Plymouth Meeting to the brand new Seven Tower Bridge office tower in the sought-after Conshohocken submarket. This deal immediately follows a lease expansion with Lutron Electronics, which has doubled in size to occupy 53,340 RSF on two full floors.

American Real Estate Partners (“AREP”), today announced the company’s acquisition of 1101 King Street in the heart of Old Town, Alexandria. This is AREP’s fifth investment through its Strategic Opportunity Fund III (“Fund III”) which is now 60% deployed. The company has selected Cooper Carry to lead the project redevelopment design and residential hospitality design team RD Jones for the interiors. Construction is set to begin in July 2023.

American Real Estate Partners (“AREP”), and its Joint Venture partner Machine Investment Group (MIG) today announced the company’s latest investment in the logistics & distribution market, a 1,015,740 square foot industrial property located in Middletown, Delaware. This is AREP’s sixth investment through its Strategic Opportunity Fund III (“Fund III”) and is now 60 % deployed.

American Real Estate Partners (“AREP”), an institutional fund manager and operating partner, today announced the closing of its third real estate GP fund earlier this month, AREP Strategic Opportunity Fund III (“Fund III”) with $63 million in equity commitments.

Today, leading global private markets firm, Partners Group, acting on behalf of its clients, and co-developers American Real Estate Partners (AREP) and Oliver Tyrone Pulver Corporation (OTP) announced that their Philadelphia-area Seven Tower Bridge property has earned LEED® Silver certification for sustainability, the property’s fifth sustainability and wellness certification to date. The project is also WiredScore Gold, and Fitwel 2-star certified, WELL Health & Safety rated, UL Healthy Building verified, and houses leading companies such as Hamilton Lane (NASDAQ: HLNE) and Lutron Electronics.

In another affirmation of its commitment to keeping health and wellness as a central feature of its buildings and office communities, American Real Estate Partners (AREP) has achieved the WELL Health-Safety Rating for 33 properties encompassing nearly 10 million of square feet throughout the Mid-Atlantic. With this achievement AREP buildings can display the WELL seal signifying leadership and dedication to the health and wellbeing of tenants, their guests, and employees.

American Real Estate Partners (AREP) has completed the sale of Riverside on the James, a 263,752-square-foot office community that is one of only four trophy properties in the Central Business District of Richmond, Virginia. Located at 1001 Haxall Point, Riverside on the James was acquired by Opal Holdings.