SOURCE: American Realty Advisors

June 12, 2006 16:43 ET

American Realty Advisors Hires Director Within Its Investment Group

GLENDALE, CA -- (MARKET WIRE) -- June 12, 2006 -- American Realty Advisors is pleased to announce that David Reece has joined the firm as a Director within the Investment Group. Based in American's Atlanta office, Mr. Reece will oversee the solicitation, analysis, underwriting and negotiation of debt and equity real estate acquisitions and investments, with a focus on the Mid-Atlantic, Southeast, and a portion of the Southwest region. American welcomes Mr. Reece to enhance the depth and experience of its senior management team, as the firm's business and client base continues to expand.

Mr. Reece brings to American an extensive track record spanning more than 17 years of real estate experience. Most recently, he served as Director of Real Estate Equities at Northwestern Investment Management Company, where he was responsible for structuring, underwriting and approving equity real estate investments nationwide. Prior to joining Northwestern, Mr. Reece served as Senior Vice President of Acquisitions and Development at AMLI Residential Properties Trust, a real estate investment trust and was Vice President and Financial Manager at Quadrangle Development Company.

American's President and CEO Stanley Iezman commented, "David Reece is an ideal complement to our team of seasoned investment professionals. David's vast expertise in the investment realm will be invaluable to the firm and will allow us to pursue more aggressively and capitalize on investment opportunities in the Eastern and Southern markets."

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 $3.7 billion* in assets under management, American has provided real estate investment management services to institutional investors for over 18 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 $798 million in commitments not yet drawn.

Contact Information

  • Contact:
    Joyce Ezaki
    818/409-3280