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Contact: Joyce Ezaki
818/409-3280
AMERICAN REALTY ADVISORS ANNOUNCES THE PROMOTION
OF
DANIEL ROBINSON TO MANAGING DIRECTOR

GLENDALE, Calif. - July 6, 2007 - American Realty Advisors is pleased
to announce the promotion of Daniel Robinson to Managing Director
of the firm's Finance/Investment Consulting division.
Mr. Robinson leads American's Finance/Investment team, providing
real estate consulting services to pension plans nationwide and
serving as a Qualified Professional Asset Manager ("QPAM")
to ERISA-governed pension plans. In addition, Mr. Robinson oversees
the origination, underwriting, and management of American's senior
mortgage investment portfolios and manages all borrowing activity
for the firm. Over the past five years, American's consulting group
has successfully undertaken over 100 engagements involving acquisition,
disposition, development, leasing, and asset management, involving
a total of $2 billion in real estate assets on behalf of major pension
plans. Mr. Robinson has over 23 years of experience in the real
estate industry, and will continue to serve as a member of American's
Investment Committee. Prior to joining American in 1993, Mr. Robinson
held senior positions at American Real Estate Group and Metropolitan
Life.
Stanley Iezman, President and CEO of American noted, "We would
like to acknowledge Dan's significant contributions over the past
14 years at American. He has been instrumental in the rapid growth
and success of our Investment Consulting Division and he will continue
to be a key contributor to our company and to our clients. We congratulate
Dan on this well-deserved promotion."
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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