SOURCE: American Realty Advisors

April 06, 2006 20:26 ET

American Realty Advisors Expands Portfolio and Asset Management in Response to Firm Growth

GLENDALE, CA -- (MARKET WIRE) -- April 6, 2006 -- American Realty Advisors is pleased to announce the addition of Greg Baarson, Gerald Goldman, and Robert Sorrentino to its portfolio and asset management teams. Both Messrs. Baarson and Goldman have joined the firm as Senior Portfolio Managers and will be responsible for managing the portfolio, asset management, and acquisition activities for a number of significant separate account relationships, as well as the development and implementation of each account's investment strategy. Mr. Sorrentino has been named Director of Asset Management and will be based in American's Atlanta office, coordinating the firm's acquisition, management, leasing, financing, and disposition activities on the East Coast.

Mr. Baarson has over 27 years of real estate investment management experience and brings with him extensive knowledge of the pension fund industry, having previously served as Executive Director of the Washington State Investment Board from 1983 to 1992. More recently, Mr. Baarson was an Equity Asset Manager with GE Asset Management where he was responsible for sourcing acquisitions, conducting due diligence, providing asset management functions for West Coast properties, and for negotiating lease agreements.

Mr. Goldman has re-joined the firm. Most recently, he was Senior Asset Manager with the Archon Group, directing operations, leasing and disposition activities for a portfolio of office, industrial, retail and land assets. In this capacity, Mr. Goldman participated in the acquisition and due diligence of real estate assets purchased on behalf of several Goldman Sachs sponsored funds. In his previous role at American, Mr. Goldman was Senior Asset Manager from 1995 to 2001, managing office, industrial, retail, multi-family and land assets.

Mr. Sorrentino brings over 25 years of real estate investment advisory experience to American. Most recently, he served as Principal - Portfolio Manager of German Public Syndications at Prudential Real Estate Investors, where he was responsible for overseeing the portfolio and asset management of a U.S. portfolio for public funds syndicated in Germany. Prior to joining Prudential, Mr. Sorrentino served as Vice President - Regional Asset Manager for Cornerstone Properties, Inc. where he managed a Class-A office portfolio of East Coast assets.

Scott Darling, Principal and Managing Director of Portfolio Management, commented, "We are extremely pleased to welcome Greg, Gerald, and Bob to expand our strong existing team of seasoned investment professionals. Their collective breadth of knowledge and expertise will contribute significantly to maintaining superior investment management results for our clients and will enhance the depth of our firm's resources."

American Realty Advisors is a SEC-registered real estate investment advisor and a leading provider of investment management services to institutional investors. With more than $3.3 billion* in assets under management, American has provided real estate investment management services to institutional investors for over 17 years. American's clients utilize core and value-added investment strategies through 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.

* Assets under management represent gross value of all assets and accounts managed by American (excluding partners' share of equity and partners' share of debt on partnership investments) plus approximately $823 million in commitments not yet drawn.

Contact Information

  • Contact:

    David Schrock,
    818/409-3269