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Contact: Joyce Ezaki
818/409-3280
AMERICAN REALTY ADVISORS PROVIDES MEZZANINE FINANCING
FOR
OFFICE PLAZA IN SANTA CLARA, CA
GLENDALE, Calif. - May 2, 2007 - American Realty Advisors announced
today the origination of a mezzanine loan secured by a 223,799 square
foot, three-building office property located in Santa Clara County,
in the core of Silicon Valley, California. The Property has convenient
access to Highways 101 and 237 and the Great America Parkway and
is situated in the Golden Triangle, home to both established and
start-up technology companies. The Property is leased to a diverse
roster of quality tenants.
The transaction was arranged by Steve Bram and David Pascale, Jr.
of George Smith Partners and executed on behalf of one of American's
commingled funds. The sponsor, DJM Acquisitions Group, LLC, had
recently closed on the transaction, and in completing the final
equity raising process, determined that American's financing program
was a superior alternative allowing DJM greater certainty in closing
the deal at competitive terms. DJM is a very active investor in
the Silicon Valley area and had a previous relationship with American.
Stanley Iezman, President and Chief Executive Officer of American,
stated, "The mezzanine financing provided by American demonstrates
our ability to offer creative financing solutions to experienced
local operators. The Property will be substantially renovated in
order to reposition it to capitalize on a resurging Silicon Valley
office market and to attract a wide variety of tenants. We expect
to generate solid gains for our investors over the duration of our
holding period due to the Property's superior location and expected
increase in overall rent growth in the surrounding market."
American Realty Advisors 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 $4.1 billion* in assets under management, American
has provided innovative real estate solutions to institutional investors
for over 18 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.
* As of December 31, 2006, 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 $762 million in commitments not
drawn.
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