SOURCE: American Realty Advisors

American Realty Advisors

October 03, 2013 19:43 ET

American Realty Advisors Announces the Acquisition of ALARA Uptown in Dallas, TX

GLENDALE, CA--(Marketwired - Oct 3, 2013) - American Realty Advisors, a leading provider of real estate investment management services to institutional investors, announced today the acquisition of ALARA Uptown, a 294-unit multi-family asset (formerly known as Allure of West Village) situated in the heart of the trendy West Village/Uptown district of Dallas.

Built in 2012, this newly-constructed 5-story mid-rise building is Dallas' newest addition in luxury living. ALARA Uptown offers breathtaking views of the Dallas Skyline, private balconies, high-end interior quality finishes, and a multi-level parking structure. The property sets itself apart with its community-oriented features such as electric car charging stations, a fully-equipped wellness center with highly-specialized gym equipment, resort-style swimming pool, and a relaxation courtyard. 

ALARA Uptown is located in the West Village at the epicenter of Dallas' most desirable residential live-work-play neighborhood. Residents have easy access to the area's most popular boutiques, restaurants, bars, and entertainment venues. Additionally, the property has easy access to the Dallas CBD, major freeways, the McKinney Avenue trolley line, and the CityPlace DART Rail stations.

American's EVP/Executive Managing Director, Kirk Helgeson, stated, "Dallas is experiencing an overwhelming relocation to the urban core and ALARA Uptown is ideally situated at the center of the metro's urban in-migration. We expect that the property's location, modern design, transit accessibility, and walkable retail and entertainment amenities will identify ALARA Uptown as the premier luxury residential building in Dallas' Uptown district."

American Realty Advisors
American is an investment advisor and a leading provider of real estate investment management services to institutional investors. With over $5.7 billion in assets under management, American has provided real estate investment management services to institutional investors for over 25 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, all of which are managed on behalf of American's clients. 

More information regarding American can be found at www.americanreal.com.

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