GLENDALE, CA — (Marketwire) — 04/12/12 — American Realty Advisors, a leading provider of real estate investment management services for institutional investors, announced today the acquisition of five institutional-grade core real estate properties in diversified markets across the United States. The acquisitions were completed on behalf of one of American-s commingled real estate funds.
is a Class A 114,295 SF multi-tenant office building located in the prestigious Orange County MSA. The property enjoys outstanding accessibility and is conveniently-located near the I-405 and CA-55 freeways, local amenities and the John Wayne Airport. In addition, the property was awarded the ENERGY STAR® Performance Award for four consecutive years since 2008, highlighting the property-s commitment to environmental stewardship.*
is comprised of two Class A industrial buildings totaling 434,871 SF located on 22.1 acres of land in the heart of Inland Empire, a prime submarket in the Southern California industrial market due to its close proximity to the I-10, I-15, CA-210 and CA-60 freeways. The property benefits from its highly-functional design, with approximately 1 dock door per 6,000 SF and 30 foot clear heights. Additionally, one building houses 24,041 SF of highly sought-after freezer/cooler space, while the other building has an upgraded ESFR (Early Suppression Fast Response) sprinkler system.
is a 96,342 SF, Class A grocery-anchored shopping center located in the Ft. Lauderdale, FL MSA. Weston Lakes Plaza benefits from a diverse tenant roster of nationally and regionally-recognized tenants and is conveniently-located near the I-595 and I-75, two of South-Florida-s major arterials.
is 264-unit Class A luxury apartment complex conveniently-located in the highly-desirable suburb of the Atlanta, GA MSA near North Point Mall, providing tenants with excellent accessibility to nearby restaurants, shopping and local attractions. The amenity-rich property further benefits from spacious floor plans, clubhouse, resort-style pool, state-of-the-art athletic club, and an overall first-class environment.
is a Class A 194,221 SF mixed-use office and a retail development located in the prestigious Uptown Dallas submarket. The property benefits from five restaurants, two dental offices, hair salon and a performing arts theatre, which provides on-site amenities to existing tenants and also diversifies the property-s income stream.
stated, “The acquisition of these five assets represents another opportunity for the firm to invest in high-quality, strategically-located core assets that we believe will likely generate solid gains for our investors over the long-term. Driven by our confidence in the core attributes of each of these properties, we believe the acquisition of these assets highlights what we do best: Identify real estate opportunities with strong fundamentals and implement a disciplined approach to real estate investment management which we believe will benefit our investors over the long-term.”
American is an investment advisor registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended, and a leading provider of real estate investment management services to institutional investors. With over $4.5 billion** in assets under management, American has provided real estate investment management services to institutional investors for over 23 years utilizing core and value-added commingled funds and separate accounts. The firm-s portfolios include office, industrial, multi-family, and retail properties nationwide. Information regarding American can be found online at .
*The 18401 Von Karman Property was the recipient of the ENERGY STAR® Performance Award in 2008, 2009, 2010 and 2011.
**Assets under management represent approximate gross market value of all assets and accounts managed by American as of December 31, 2011 which includes cash and cash equivalents and excludes partners- share of equity and partners- share of debt on partnership investments.
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