Ares Management LLC is buying Area Property Partners LP, a real estate management firm that invests in North America, Europe and India, for an undisclosed amount.

Area, headquartered in New York, invests in real estate on behalf of corporate pension funds, government, sovereign wealth fund, insurance companies, foundations, endowments and high net worth individuals. The company has formed multiple funds with more than $14 billion in equity commitments from investors.

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