GLENDALE, CA-American Realty Advisors has acquired five institutional-grade core real estate properties in diversified markets across the US. The acquisitions were completed on behalf of one of American’s commingled real estate funds.
American’s chairman and CEO, Stanley L. Iezman, says in a prepared statement that “The acquisition of these five assets represents another opportunity for the firm to invest in high-quality, strategically-located core assets that we believe will likely generate solid gains for our investors over the long-term.”
Iezman adds that “Driven by our confidence in the core attributes of each of these properties, we believe the acquisition of these assets highlights what we do best: Identify real estate opportunities with strong fundamentals and implement a disciplined approach to real estate investment management which we believe will benefit our investors over the long-term.”
The assets include:
*18401 Von Karman: a class-A 114,295-SF multi-tenant office building located in Orange County.
*Rancho Cucamonga Distribution Center: comprised of two class-A industrial buildings totaling 434,871 square feet located on 22.1 acres of land in the heart of Inland Empire.
*Weston Lakes Plaza, a 96,342-square-foot, alass A grocery-anchored shopping center located in the Ft. Lauderdale, FL.
*ALARA North Point: a 264-unit class A luxury apartment complex located in the highly-desirable suburb of the Atlanta, GA near North Point Mall.
*The Quadrangle: a class-A 194,221-square-foot mixed-use office and a retail development located in the Uptown Dallas submarket.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
