SOURCE: American Realty Advisors

American Realty Advisors

August 31, 2011 20:30 ET

American Realty Advisors Earns Prestigious International Toby Award for Los Angeles Office Building

GLENDALE, CA--(Marketwire - Aug 31, 2011) - American Realty Advisors announced today that 21900 Burbank Boulevard, a premier office building located in Los Angeles, has been awarded commercial real estate's most prestigious award -- The 2011 Office Building of the Year® (TOBY), in the under 100,000 sf category. The BOMA International TOBY Awards recognizes excellence in office building management and operations worldwide. To achieve the international award, the office building first won both local and regional competitions. Judging was based on community impact, tenant/employee relations programs, energy management systems, accessibility for the disabled, emergency evacuation procedures, building personnel training programs and overall quality indicators. A team of industry professionals also conducted a comprehensive building inspection.

21900 Burbank Boulevard has been owned by American on behalf of one of its institutional clients since 2002, and is currently managed by PM Realty Group. The 89,048 SF three-story ENERGY STAR® office building is located in the highly desirable supply-constrained Warner Center, approximately 30 minutes northwest of downtown Los Angeles.

"American takes a great deal of pride in the assets we acquire and manage on behalf of our clients. Energy efficiency, sustainability, ethical corporate governance as well as community aesthetics remain a driving force behind everything we do. We are honored to have our efforts recognized and to be the proud recipient of the 2011 International TOBY Award," stated Stanley L. Iezman, American's Chairman and CEO.

About American Realty Advisors
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.

About BOMA International
Founded in 1907, the Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. The 18,000-plus members of BOMA International own or manage more than 9 billion square feet of commercial properties in North America and abroad. BOMA's mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the web at www.boma.org.

*Assets under management represent 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