Aetos Capital Real Estate, LP (ACRE) is an independent investment management firm that focuses exclusively on real estate investment opportunities in Asia, principally Japan and Greater China. The ACRE business was founded by Scott Kelley in 2001. To date, ACRE has sponsored four Aetos Capital Asia (ACA) funds with total equity capital commitments of approximately $3.8 billion. Since inception, the ACA funds have acquired more than $10 billion of real estate and real estate-related investments in Japan, Greater China and South Korea. ACRE and its subsidiaries have a team of approximately 25 professionals across three offices in Tokyo, Hong Kong and New York.
Our team has extensive experience in many forms of real estate investing, including single asset and property portfolio purchases, real estate company acquisitions, privatizations of listed real estate companies, acquisitions of distressed debt and investments in development projects. We believe that our platform enables us to source transactions on attractive terms, add value through active asset management and, when appropriate, partner with “best of breed” developers.
Our value-added strategies include investing capital to reposition assets, launching creative and aggressive leasing efforts, optimizing asset performance by reducing expenses, refinancing debt on more advantageous terms and restructuring and refocusing companies that derive value primarily from real estate and related assets.
When we believe we have maximized value, we typically consider a variety of exit structures. We have consummated the sale of more than $5 billion in assets utilizing strategies including individual asset sales, portfolio sales, company sales in the M&A market and asset sales to J-REITs, as well as the launch of a portfolio company’s J-REIT.
Aetos Japan, LLC (Aetos Japan) is a wholly-owned subsidiary of Aetos Capital Real Estate, LP that provides a full range of asset management services and advisory services relating to investment sourcing, acquisition structuring, leasing and repositioning, disposition planning, and pricing recommendations on purchase and sale. Aetos Japan provides these services to ACRE for the benefit of ACRE’s investment funds and managed accounts. Since it launched in 2001, Aetos Japan has established itself in the Japanese market as a meaningful and credible manager of real estate and real estate-related assets.
Aetos Capital Asia Limited (ACRE China), is a wholly-owned subsidiary of Aetos Capital Real Estate, LP located in Hong Kong. ACRE China provides investment sourcing, acquisition structuring, management of joint ventures and portfolio companies, and pricing recommendations on purchase and sale. ACRE China was launched in 2006 and has also established itself as a major real estate participant including as a joint venture partner.
Aetos Capital Real Estate, LP, headquartered in New York, oversees management of the funds’ investments and fund-level operations and is responsible for all investment decisions on behalf of the ACA funds. The ACRE team in New York (ACRE New York) provides a wide variety of services to the funds including: (i) investor relations and fundraising, (ii) investment selection and monitoring, (iii) fund finance and reporting, and (iv) oversight of tax and legal advisors. In addition, ACRE New York works closely with the senior members of the Aetos Japan and ACRE China teams to review investment opportunities, monitor existing investments and implement our overall investment strategy.