SOURCE: American Realty Advisors

American Realty Advisors

April 12, 2012 20:30 ET

American Realty Advisors Announces the Acquisition of Five High-Quality Assets in Diversified Markets Across the United States

GLENDALE, CA--(Marketwire - Apr 12, 2012) - 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.

18401 Von Karman 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.*

Rancho Cucamonga Distribution Center 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.

Weston Lakes Plaza 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.

ALARA® North Point 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.

The Quadrangle 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.

American's Chairman and CEO, Stanley L. Iezman, 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 www.americanreal.com.

*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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