American Realty Advisors announced this week that it had acquired five institutional-grade core real estate properties in diversified markets across the United States. The acquisitions were completed on behalf of one of American’s commingled real estate funds. American Realty Chairman and CEO, Stanley L. Iezman, said of the purchases, "The acquisition of these five assets represents another opportunity for the firm to invest in high-quality, strategically-located core assets that we believe will likely generate solid gains for our investors over the long-term." The terms of the purchases were not disclosed.
The properties include:
18401 Von Karman, a Class A 114,295 SF multi-tenant office building located in Orange County, CA.
Rancho Cucamonga Distribution Center, comprised of two Class A industrial buildings totaling 434,871 square feet located on 22.1 acres of land in the heart of Inland Empire, a prime submarket in the Southern California industrial market.
Weston Lakes Plaza, a 96,342 SF, Class A grocery-anchored shopping center located in Ft. Lauderdale, FL.
ALARA North Point, a 264-unit Class A luxury apartment complex in the suburb of the Atlanta, GA.
The Quadrangle, a Class A 194,221 square foot mixed-use office and a retail development located in the Uptown Dallas submarket.
For more news and information visit Blumberg Capital Partners.
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