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Contact: Joyce Ezaki
818/409-3280
AMERICAN REALTY ADVISORS COMPLETES ACQUISITION
OF
OFFICE PROPERTY IN SAN CLEMENTE, CALIFORNIA
GLENDALE, Calif. - June 20, 2007 - American Realty Advisors announced
today the acquisition of an 86,207 square foot office/R&D property
located in the prestigious Talega Business Park in San Clemente
(Orange County), CA. Built in 2002, the property features flexible
floor plans with "bull-pen" and private office area options,
as well as an auditorium and cafeteria, and is situated within a
half-mile radius of the future expansion of the 241 Freeway, with
excellent access to efficient transportation services throughout
Orange County. The acquisition was completed through a joint venture
with an affiliate of BioRealty, Inc.
Kirk Helgeson, Principal and Managing Director, Investments, of
American stated, "This investment, which is 100% leased to
Quest Diagnostics - a Fortune 400 company, provides the rare combination
of high-quality stabilized tenancy coupled with value-creation opportunities
upon lease rollover or expansion. For our clients, the opportunity
to have a quality primary tenant such as Quest in a well-positioned
value-added office/R&D space, especially in the vibrant South
Orange County market, makes this investment uniquely attractive."
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 $4.3 billion* in assets
under management, American has provided innovative real estate solutions
to institutional investors for over 19 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.
* Estimated as of March 31, 2007, representing 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 $575 million in undrawn commitments.
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