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Contact: Joyce Ezaki
818/409-3280
AMERICAN REALTY ADVISORS ACQUIRES
WALDORF MARKETPLACE PHASE II IN WASHINGTON, D.C. SUBURB
GLENDALE, Calif. - July 18, 2007 - American Realty Advisors announced
today the acquisition of Waldorf Marketplace Phase II, a newly constructed
153,357 sf Class A retail shopping center located approximately
15 miles south of the Capital Beltway (I-495) in Waldorf, Maryland.
The property is anchored by major, national retail tenants including
TJ Maxx/Home Goods, DSW, and Kincaid Home Furnishings and includes
two out-parcels ground leased to TGI Fridays and Mimi's Café.
The property complements Waldorf Marketplace Phase I, a Safeway-anchored
community shopping center that American purchased in 2005. The property
was acquired on behalf of one of American's commingled funds.
Greg Blomstrand, Principal and Managing Director, Portfolio Management,
commented, "This transaction completes our investment strategy
to assemble the ownership of Waldorf Marketplace Phase I & II.
The combination of the two outstanding retail properties is anticipated
to provide a synergy and efficiency that will be accretive to the
returns, while affording flexibility in an exit strategy by allowing
for the separation of the properties if deemed beneficial."
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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