▁real ▁estate ▁comm ing led ▁fund ▁with ▁the ▁goal ▁of ▁creating ▁a ▁port folio ▁of ▁income - orient ed ▁commercial ▁real ▁estate ▁divers ified ▁by ▁property ▁type , ▁location , ▁and ▁economic ▁expos ure . ▁ ▁As ▁of ▁the ▁latest ▁SE C ▁fil ing ▁in ▁October ▁ 2 0 1 4 , ▁this ▁port folio ▁had ▁grown ▁to ▁net ▁assets ▁of ▁over ▁$ 3 . 9 B , ▁and ▁contained ▁ 1 4 9 ▁properties ▁nation wide , ▁compr ising ▁approximately ▁ 2 4 . 4 ▁million ▁square ▁feet ▁of ▁office , ▁ret ail , ▁industrial , ▁and ▁resident ial ▁space . ▁ ▁In ▁December ▁ 2 0 0 9 , ▁A RA ▁launched ▁a ▁value - added ▁fund ▁which ▁focus es ▁on ▁office , ▁industrial , ▁multi - family ▁and ▁ret ail ▁properties . ▁ ▁According ▁to ▁the ▁company ' s ▁April ▁ 2 0 1 7 ▁In vest ment ▁Ad visor ▁dis closure ▁( Form ▁AD V ), ▁the ▁fund ▁had ▁grown ▁to ▁just ▁over ▁US D $ 9 2 6 ▁million . ▁ ▁The ▁firm ▁has ▁undert aken ▁several ▁industrial ▁develop ments , ▁the ▁largest ▁of ▁which ▁was ▁a ▁ 2 9 - acre ▁site ▁in ▁the ▁San ▁Francisco ▁Bay ▁area , ▁which ▁was ▁developed ▁into ▁the ▁largest ▁industrial ▁w are house ▁ever ▁built ▁in ▁the ▁Bay ▁Area . ▁ ▁The ▁project ▁was ▁developed ▁in ▁partners hip ▁with ▁Mc Sh ane ▁Comp an ies / Con or ▁Com mer cial . ▁ ▁It ▁has ▁stated ▁plans ▁to ▁continue ▁to ▁invest