American Realty Advisors Acquires Camarillo Apartments.

GLENDALE, Calif. -- American Realty Advisors announced today the acquisition of Camarillo Apartments, an upscale 165-unit multi-family community located in the city of Camarillo, CA. The Class-A apartment homes were acquired for one of the firm's public employee retirement system clients and will be operated under the firm's ALARA property brand.

ALARA Camarillo Apartments provides the epitome of quality apartment home living: exceptional architecture, manicured landscaping, convenient location in an upscale community, spacious grounds and units, and state-of-the-art amenities. Each garden-style unit features ceramic tile entry foyers, 9' ceilings, private patios or balconies, Roman-style tub in Master bath, built-in computer niches wired for high-speed internet access and a full size washer and dryer. Amenities include a swimming pool and spa, a poolside barbecue with resort-style fireplace and a 24-hour fitness center.

American's Director of Asset Management, Paul Vacheron, commented: "ALARA Camarillo represents the latest addition in our successful strategy of acquiring the best well-placed multi-family properties located in rapidly growing markets throughout the US. Demand for quality apartment home living continues to be strong across a wide demographic of the population and we expect Camarillo to produce excellent returns in the future."

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 $1.7 billion in assets under management, American has created customized investment strategies for public employee and corporate pension funds, endowments, foundations, and Taft-Hartley funds for over 15 years. The firm's nationwide portfolios include office, industrial, multi-family, and retail properties. American can be found online at www.americanreal.com.