GLENDALE, CA--(Marketwire - Jan 29, 2013) - American Realty Advisors, a leading provider of commercial real estate investment management services for institutional investors, announced today the expansion of the firm's Investment Group, a direct result of the firm's strong investment activity during 2012 and anticipated growth in 2013.
Eric Cannon has joined American as one of the firm's Investment Officers. Mr. Cannon will be based in Philadelphia and will be responsible for expanding the firm's real estate investment efforts on the East Coast. Mr. Cannon has over 10 years of real estate investment management experience, most recently as the Director of Acquisitions at Grosvenor Fund Management, where he was responsible for the oversight of the firm's acquisition efforts including sourcing, underwriting, structuring, financing, and closing new investments.
Additionally, as a result of the firm's continued growth, Jeff Miller will be assuming an expanded role and will now serve as the firm's Director, National Capital Markets. Mr. Miller will be marketing American's acquisition and investment capabilities on a national basis, developing and expanding American's already strong market presence with potential buyers, sellers, and intermediaries. With over 30 years of experience in the real estate investment management industry, Mr. Miller's new role will be an integral part of American's overall strategy for expanding its investments opportunities.
"American is committed to a managed growth strategy and recognizes that the growth of staff and assets are interdependent. As American continues to grow our asset and client base, we look forward to the efforts and contributions of Eric and Jeff to allow us to achieve our goals, and invest our clients' capital prudently," stated Kirk Helgeson, American's EVP/Executive Managing Director, Investments.
American Realty Advisors
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 commercial real estate investment management services to institutional investors. With over $5.0 billion* in assets under management, American has provided real estate investment management services to institutional investors for over 24 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. Information regarding American can be found at www.americanreal.com.
* Assets under management represent approximate gross market value of all assets and accounts managed by American as of September 30, 2012 which includes cash and cash equivalents and excludes partners' share of equity and partners' share of debt on partnership investments.