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New York

Mack family’s new firm likely a bid to switch investment tactics

Richard Mack
Richard Mack

From the September issue: With real estate investment firm AREA Property Partners set to be acquired by Los Angeles–based Ares Management, AREA co-founder William Mack and his sons Richard and Stephen last month announced a new company, Mack Real Estate Group.

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Richard Mack, previously North America CEO of AREA, will head the new development and investment company as CEO. [more]

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Area Property Partners