GLENDALE, CA, Apr 27, 2012 (MARKETWIRE via COMTEX) –
American Realty Advisors, a leading provider of real estate
investment management services for institutional investors, announced
today the acquisition of two 100% leased quality industrial buildings
located in the Los Angeles MSA. The transactions were executed on
behalf of one of American’s separate account clients to acquire the
properties through a joint venture formed with CT Realty Investors.
Victoria Industrial is a 101,724 SF single-tenant industrial building
located on 4.18 acres of land in the heart of the South Bay
submarket, a prime submarket in the Southern California industrial
market due to its close proximity to the ports of Los Angeles and
Long Beach. The property is conveniently located near the 91, 710,
405 and 110 freeways, and further benefits from its highly-functional
design, including 20 dock-high loading positions, 22-24 foot clear
heights and 7,124 SF of office space.
14300 Bonelli Street is a 133,237 SF, single-tenant industrial
building located on 6.58 acres of land, ideally-situated near the 60
and 605 freeways in the San Gabriel Valley, one of the top-performing
industrial markets in Southern California. The property features a
100-205 foot truck court, 22 foot clear heights, rail access and
6,760 SF of office space.
American’s Chairman and CEO, Stanley L. Iezman, stated, “Backed by
strengthening industrial production in the U.S., in-fill submarkets
within Southern California appear to be positioned for strong
near-term and long-term growth. We believe the acquisition of this
two-property industrial portfolio in one of the nation’s
top-performing industrial MSAs will likely generate superior returns
for our client and is consistent with the firm’s commitment to
enhancing our client’s portfolios with strategically-located
high-quality assets.”
American Realty Advisors
American is an investment advisor
registered with the U.S. Securities and Exchange Commission (SEC)
under the Investment Advisers Act of 1940, as amended, and a leading
provider of real estate investment management services to
institutional investors. With over $4.5 billion* in assets under
management, American has provided real estate investment management
services 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, and retail
properties nationwide. Information regarding American can be found
online at
www.americanreal.com .
CT Realty Investors
Since its establishment in 1994, Aliso Viejo,
Calif.-based CT Realty Investors (“CTRI”) has completed more than 220
transactions with value in excess of $2.5 billion through a series of
11 independent discretionary private equity real estate funds and
institutional joint ventures. CTRI continues to invest in
institutional-quality industrial properties, debt instruments and
multi-family properties. CTRI seeks to invest on behalf of its
affiliates in Arizona, Colorado, New Mexico, Nevada, Oregon, Utah,
Washington and California. The focus of CTRI’s investment activities
is to acquire well-located assets in major markets with the potential
to enhance their value through a solid, hands-on management approach.
For further information, contact Carter Ewing at CT Realty Investors
at (949) 330-5777 or visit
www.ctrinvestors.com .
*Assets under management represent approximate gross market value of
all assets and accounts managed by American as of December 31, 2011
which includes cash and cash equivalents and excludes partners’ share
of equity and partners’ share of debt on partnership investments.
Contact:
Jay Butterfield
818.409.3243
Email Contact
SOURCE: American Realty Advisors
http://www2.marketwire.com/mw/emailprcntct?id=B0A9981906682353
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Article source: http://www.marketwatch.com/story/american-realty-advisors-announces-acquisition-of-two-industrial-properties-in-southern-california-2012-04-27