SOURCE: American Realty Advisors

September 05, 2007 13:34 ET

American Realty Advisors Acquires Three Industrial Properties

GLENDALE, CA--(Marketwire - September 5, 2007) - American Realty Advisors announced today the acquisition of three dynamic industrial properties from IDI located in Georgia, Illinois, and Kentucky. The newly constructed Class-A warehouse distribution centers total over 1,000,000 square feet and are 100% leased with over 8 years remaining on the lease terms. All of the properties contain state-of-the-art ESFR sprinkler systems and a minimum 50' x 50' interior column spacing, which provides the tenants with considerable storage capacity and flexibility. The portfolio features a distinctive roster of quality tenants, including Uniforms Direct, Inc., The Pampered Chef, Ltd.®, GSI Commerce, Inc., and Lincoln Electric Company. This acquisition was executed on behalf of one of American's commingled funds.

A spokesperson for American stated, "This investment is consistent with our current strategy of acquiring exceptional industrial properties with creditworthy tenants under existing leases in markets where we believe rent growth in the future will be stronger than inflation. The location of these three properties complements our mid-America geographic holdings and the quality of construction, design features, docking, and site configuration of each property are absolutely best-of-class."

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 $4.4 billion* in assets under management, American has provided innovative real estate solutions to institutional investors for over 19 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 www.americanreal.com.

IDI is a national, full-service industrial real estate developer based in Atlanta, providing strategically located properties throughout the U.S. to meet its tenants' distribution, warehouse and light-manufacturing needs.

* Estimated as of June 30, 2007, representing gross value of all assets and accounts managed by American (excluding partners' share of equity and partners' share of debt on partnership investments) plus approximately $479 million in undrawn commitments.

Contact Information

  • Contact:
    Joyce Ezaki
    818/409-3280

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