SOURCE: American Realty Advisors

June 23, 2008 11:00 ET

American Realty Advisors Installs New Energy Efficient CWS System in Orange County

GLENDALE, CA--(Marketwire - June 23, 2008) - American Realty Advisors announced today the completion of an innovatively designed Chilled Water Storage (CWS) and off peak cooling system for the Von Karman Towers, two office buildings located in Orange County, California. The implementation by American for the 11-story 18201 Von Karman, Irvine, California property is part of the firm's commitment to sustainability. The centralized HVAC system is anticipated to reduce energy costs by increasing the building's cooling capacity by over 150%, increasing energy efficiency by approximately 40%, reducing greenhouse gas emissions and decreasing electrical demand in an amount equivalent to that required to serve the energy needs of 500 homes during the peak afternoon period.

The CWS system will utilize state-of-the-art technology and controls to manufacture and store chilled water during off-peak hours (generally in the evening) for use during peak daytime hours, thereby reducing the amount of energy required to cool the buildings. The system is a key component of Southern California Edison's Permanent Load Shifting (PLS) program, which is designed to assist customers with resources to acquire PLS technologies to reduce high energy bills by shifting load from peak time periods when rates are higher to mid-and off-peak periods.

Stanley Iezman, President and CEO of American, stated, "We have stepped up to the challenge to reduce our carbon footprint and will continue to launch similar environmentally conscious programs across our investment properties with 18201 Von Karman as the leading benchmark. As an ENERGY STAR® Partner, American actively monitors the environmental impact of our properties as part of our overall investment process, as we recognize that adhering to sustainable investment principles directly benefits not only our investors and tenants, but the surrounding community as well."

About American Realty Advisors

American Realty Advisors, a California corporation, is an SEC-registered investment advisor under the Investment Advisers Act of 1940 and a leading provider of real estate investment management services to institutional investors. With more than $4.4 billion* in assets under management, American has provided innovative real estate solutions to institutional investors for over 20 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. Information regarding American can be found online at www.americanreal.com.

Forward-Looking Statements: This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that do not represent historical facts and are based on our beliefs, assumptions made by us, and information currently available to us. Forward-looking statements in this press release are based on our current expectations as of the date of the release, which could change or not materialize as expected. Actual results may differ materially due to a variety of uncertainties and risk factors. Except as required by law, we assume no obligation to update any such forward-looking statements.

*Assets under management represent gross value of all assets and accounts managed by American as of March 31, 2008 (excluding partners' share of equity and partner's share of debt on partnership investments).

Contact Information

  • Contact:
    Joyce Ezaki
    818/409-3280

Multimedia