SOURCE: American Realty Advisors

American Realty Advisors

November 19, 2009 13:04 ET

American Realty Advisors(SM) Earns LEED Certification for Premier Chicago Office Building

GLENDALE, CA--(Marketwire - November 19, 2009) - American Realty Advisors announced today that 150 North Wacker Drive, a 31-story 243,616 square foot office building located in the prestigious West Loop submarket of Chicago, has earned the internationally recognized LEED for Existing Buildings Certification: Operations & Maintenance (LEED EB: O&M). American owns the Property on behalf of one of its institutional commingled funds.

American is committed to promoting green initiatives throughout its portfolios, already earning the ENERGY STAR® label for this building for the past three years. Since the acquisition of 150 North Wacker Drive in 2007, American and the Property's management team have worked tirelessly to implement proactive initiatives aimed at improving the building's energy efficiency. In order to achieve the LEED EB: O&M Certification, the building had to pass a rigorous rating system, set forth by the U.S. Green Building Council (USGBC), based upon its operating performance. The certification system identifies and rewards best practices designed to promote the use of fewer natural resources, improve the indoor environment, and uncover and remedy operating inefficiencies. Advancement efforts undertaken at the Property include retrofitted lighting and sprinkler systems, upgraded HVAC systems and the installation of a LEED Certified "green" roof.

Stanley Iezman, President and CEO of American, stated, "American recognizes its responsibility to be a leader in environmentally conscious practices by actively promoting green investing strategies. We will continue to take a pro-active position in similar environmentally oriented programs not only in our role as an investment manager, but also as a responsible corporate citizen in our community."

About American Realty Advisors

American Realty Advisors, a California corporation, is an SEC-registered investment advisor under the Investment Advisers Act of 1940 and a leading provider of real estate investment management services to institutional investors. With more than $3.7 billion* in assets under management, American has provided innovative real estate solutions to institutional investors for over 21 years utilizing core and value-added commingled funds and separate accounts. The firm's portfolios include office, industrial, multi-family, retail and other properties nationwide. Information regarding American can be found online at www.americanreal.com.

About LEED

LEED, Leadership in Energy and Environmental Design, is a program developed by the USGBC that promotes energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, and stewardship of resources and sensitivity to their impacts. LEED works with the various building lifecycles as well as different building types -- commercial and residential. The LEED EB: O&M is a specific rating system which provides a benchmark for building owners and operators to measure the ongoing efforts of operations, improvements and maintenance.

Forward-Looking Statements: This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that do not represent historical facts and are based on our beliefs, assumptions made by us, and information currently available to us. Forward-looking statements in this press release are based on our current expectations as of the date of the release, which could change or not materialize as expected. Actual results may differ materially due to a variety of uncertainties and risk factors. Except as required by law, we assume no obligation to update any such forward-looking statements.

*Assets under management represent gross value of all assets and accounts managed by American as of June 30, 2009 (excluding partners' share of equity and partners' share of debt on partnership investments).

Contact Information

  • Contact:
    Joyce Ezaki
    818/409-3280

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