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Contact: Joyce Ezaki
818/409-3280
AMERICAN REALTY ADVISORS EXPANDS
MARKETING AND CLIENT SERVICE TEAM

GLENDALE, Calif. -- (Market Wire) -- October 25, 2007 - American
Realty Advisors is pleased to announce that Richard Perry will join
the firm as a Senior Manager, Marketing and Client Service on November
12, 2007. Mr. Perry will be based in the firm's new Cincinnati office
and will be responsible for developing and expanding client and
consultant relationships for American's commingled fund clients
in the Midwest and Northeast regions. American welcomes Mr. Perry
to enhance the firm's depth of resources as its institutional client
base continues to expand.
Mr. Perry joins American with nine years of investment management
and consulting experience. Most recently, he served as Regional
Business Director - Marketing and Client Service at Fort Washington
Investment Advisors, Inc. Previously, Mr. Perry was Vice President/Portfolio
Specialist at Legg Mason Institutional Funds/Western Asset Funds
and was an investment consultant with Fund Evaluation Group. Mr.
Perry graduated from Thomas More College with a B.A. in Economics
and earned a J.D. from University of Cincinnati College of Law.
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, retail and other 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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