SOURCE: American Realty Advisors

American Realty Advisors

October 03, 2011 20:30 ET

American Realty Advisors Announces the Acquisition of Core Assets Located in Three Premier Target Markets

GLENDALE, CA--(Marketwire - Oct 3, 2011) - American Realty Advisors, a leading provider of real estate investment management services to institutional investors, announced today the acquisition of three institutional-grade core real estate properties. The acquisitions were completed on behalf of one of American's commingled real estate funds.

Crescent VII is a 135,044 SF six-story Class A multi-tenant office building located in the heart of the Denver Tech Center in Greenwood Village, Colorado. The amenity-rich property is conveniently located near Interstate 25 and the city's major arterials, providing tenants with superior accessibility to nearby restaurants, hotels and retail services.

Deerwood Apartments is a 186-unit Class A luxury apartment complex in the heart of the affluent Tanglewood neighborhood, one of Uptown Houston's most desirable and exclusive communities. Deerwood offers tenants spacious floor plans, a modern architectural design, penthouse terrace, tennis courts, pool/spa, putting green, picnic area with gazebo, and an overall first-class environment.

1900 Spring Road is a 100,303 SF multi-tenant office building in the distinguished Oak Brook submarket in the Chicago metropolitan area. The property is ideally situated near Oak Brook Mall, one of the top-performing malls in the country, and offers easy access to mass transit and major expressways. The property enjoys a wide range of amenities including a deli, a banking center and a conference room available to tenants. The building benefits from its highly functional and efficient floor plates designed to maximize the use of space.

"The acquisition of these three high-quality core assets reflects a commitment to expanding our portfolio of well-located, income-producing properties that offer exceptional value and amenities to our tenants, but are also likely to generate superior returns for our clients and continued success on a firm-wide level," stated Stanley Iezman, American's Chairman and CEO.

American Realty Advisors, a California corporation, is an SEC-registered investment advisor under the Investment Advisers Act of 1940, as amended, and a leading provider of real estate investment management services to institutional investors. With over $4.0 billion* in assets under management, American has provided innovative real estate solutions 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, retail and other properties nationwide. More information regarding American can be found online at www.americanreal.com.

*Assets under management represent the gross market value of all assets and accounts managed by American Realty Advisors as of June 30, 2011 which includes cash and cash equivalents and excludes partners' share of equity and debt on partnership investments.

Contact Information

  • Contact:
    Jay Butterfield
    818/409-3243