Investment Criteria

Disciplined
Investment
Criteria for a
Dynamic Market

INVESTMENT
FOCUS

Trusted by the Real Estate Industry

At ARA, we know that certainty and speed matter. That is why we aim to be the kind of firm that brokers and real estate operators can count on. With committed capital, a clear investment mandate, and over three decades of experience, we move efficiently from offer to close and follow through on what we say.

Property Types We Invest In

We target opportunities across key property types including industrial, residential, retail, office, and other sectors. We seek investments that are positioned for long-term growth, resilience, and value creation, including:

Empty commercial space with large windows

Last-mile, infill, Class-A logistics

Industrial

Residential building with balconies

Multifamily, single-family rental

Residential

Street view of retail shops with trees

Neighborhood centers, grocery-anchored

Retail

Glass skyscrapers viewed from below

Strategic markets, modern specifications

Office

Large warehouse exterior

Self-storage, life sciences, data centers

Other

PARAMETERS

Key Investment Parameters

Structures
  • Direct equity acquisitions
  • Joint-venture equity
  • Preferred equity

  • Mezzanine debt
  • Senior mortgage loans
  • Full capital stack solutions

  • Core
  • Core-Plus
  • Value-Add

  • $20 million to $500 million (smaller industrial and self-storage investments considered)
  • Up to 65% loan-to-value
  • Flexible structuring, including debt assumption
  • Typical hold periods of 3 to 7 years
  • Longer terms up to 10 years considered for core strategies

STRUCTURED
INVESTMENTS

Debt Opportunities

We seek preferred equity and mezzanine debt opportunities through our structured finance platform.

  • Investment size: $10 million to $100 million
  • Maximum project capitalization: $250 million
  • Loan-to-cost/loan-to-value: Up to 85%
  • Uses: Recapitalizations, refinances, acquisitions, development capital
  • Flexible structures: Current pay, soft pay, profit participation potential
Apartment building facade

PROPERTIES

Explore Our Properties

Discover examples of the high-quality assets and strategic investments that define the ARA portfolio.

View Our Properties

CONTACT

Get in Touch with the Team

Connect with our investment leadership and learn more about how we source, underwrite, and execute across diverse strategies.

Headshot of Nate Munson

Nate Munson

Senior Director, Investments

West Region

Headshot of Xander Dyer

Xander Dyer

Senior Director, Investments

East Region

Disclosures

All information on this webpage is as of September 30, 2025.

Any past or future performance described herein is not a guarantee of future results as there are many factors such as changes in market conditions, interest rates and responses to other economic, political, or financial developments that may impact such results.