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Contact: Joyce Ezaki
818/409-3280
AMERICAN REALTY ADVISORS ACQUIRES
TWO PROPERTIES WITHIN THE RANCHO CUCAMONGA DISTRIBUTION CENTER
GLENDALE, Calif. - September 6, 2007 - American Realty Advisors
announced today the acquisition of two Class A industrial buildings
totaling 434,915 square feet in Rancho Cucamonga, CA. Each building
is 100% leased to strong credit tenants including Jenny Craig Inc.,
one of the world's largest weight management companies, and Ferguson
Enterprises, a major U.S. distributor of plumbing and heating products.
Built in 1990 and 1992, these buildings are strategically located
near the I-10, I-15, and I-210 Freeways and in close proximity to
the Ontario International Airport. The buildings feature easily
accessible concrete truck yards, cross-dock loading doors and extensive
freezer and cooler space, ideal for food service industry corporations.
This transaction was completed on behalf of one of American's separate
account clients.
A spokesperson for American stated, "The Inland Empire is
one of Southern California's dominant industrial markets. The Rancho
Cucamonga warehouse submarket is exceptionally strong and we believe
the Property is well positioned to continue its solid performance
due to diminishing land supply and tightening vacancy rates."
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 $4.4 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 June 30, 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 $479 million in undrawn commitments.
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