American Realty Advisors Acquires 21900 Burbank Boulevard.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--May 6, 2002 American Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Advisors (American) announced today the recent acquisition of 21900 Burbank Boulevard in Woodland Hills, California. The purchase was made on behalf of one of American's pension fund clients. The Class A office building is well located with easy freeway access in the Warner Center Area. The Warner Center is the primary business district of the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. , about 30 minutes north of downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . The property has been institutionally owned and maintained since its inception in 1985. With 89,373 rentable square feet, the three-story, award winning, steel frame building has a contemporary curv-linear exterior of rounded aggregate and glass. Currently, the building is 94% leased. American's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Stanley Iezman commented, "The acquisition complements not only our client's core strategy, but the firm's investment philosophy of buying institutional quality properties where we can offer tenants real value when they rent." Mr. Iezman added, "We are pleased to be a part of the supply constrained con·strain tr.v. con·strained, con·strain·ing, con·strains 1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force. 2. Warner Center office community where our research confirms the sub-market's long term growth potential." American Realty Advisors is a leading provider of institutional real estate investment management services including acquisition, disposition, development, structured finance, and active asset management. With more than $1.3 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , American has been creating customized investment strategies for public and corporate pension funds, endowments, foundations, and Taft-Hartley funds for over 20 years. The firm's nationwide properties include office, industrial, multi-family, and retail. American can be found online at www.americanreal.com. |
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