American Realty Advisors Acquires Waldorf Marketplace In Washington D.C. Suburb.GLENDALE, Calif. -- American Realty Advisors announced today the acquisition of Waldorf Marketplace, a premier 205,157 square foot retail center located in Charles County, Maryland Charles County is a county in the south central portion of the U.S. state of Maryland. As of 2000, the population was 120,546. Its county seat is La Plata. The county was named for Charles Calvert (1637-1715), third Baron Baltimore. , approximately 20 miles south of Washington, D.C. Constructed in 2004, the shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into is anchored by major tenants Safeway, Office Depot Office Depot (NYSE: ODP) is one of the world's leading suppliers of office products and services. The Company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, , and PETCO. The 33-acre property also lists A.C. Moore, Red Robin, Wachovia Bank, Cold Stone Creamery Cold Stone Creamery is an ice cream parlor chain based in Scottsdale, Arizona, United States.[1] History The company was co-founded in 1988 by Susan and Donald Sutherland (unrelated to actor Donald Sutherland), who sought ice cream that was neither hard-packed , Hollywood Video, and Starbucks among its tenants. The marketplace is comprised of seven one-story buildings, in the heart of Waldorf's suburban community. Situated at the corner of Western Parkway and Highway 228, Waldorf Marketplace enjoys convenient access from Route 301 and resides 12 miles south of the Capital Beltway (Interstate 495). The property is adjacent to the Capital Clubhouse which boasts a 90,000 square foot indoor soccer and skating facility and additionally generates exposure from the nearby St. Charles Town Center, Southern Maryland's only regional mall. Robust demographic and growth trends within the Washington metropolitan statistical area, along with the pending northward expansion of Western Parkway are anticipated to contribute to the center's future success. According to DemographicsNow, median household income The median household income is commonly used to provide data about geographic areas and divides households into two equal segments with the first half of households earning less than the median household income and the other half earning more. has increased by approximately 42% from 1990 to 2004 within a five-mile radius of the property. Within the same regional parameters, population has grown by approximately 28% during the same timeframe. 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 addition of Waldorf Marketplace to the American Stable Value Fund is representative of our commitment to seeking superior investments with undiscovered growth potential." Mr. Iezman added, "We are pleased to procure such a wonderful investment opportunity and are excited to realize the implications of Charles County's recent population and income growth." American Realty Advisors is a leading provider of institutional real estate investment management services including acquisition, disposition, development, structured finance, and active asset management. American's open-end diversified core real estate commingled fund Commingled Fund A type of mutual fund consisting of assets from several accounts that are blended together. Sometimes called a "pooled fund." Notes: They are "commingled" to reduce the costs of managing them separately. , the American Stable Value Fund, invests in substantially leased institutional-quality properties located in supply-constrained and growing markets nationwide. With $2.1 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 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. Information regarding American can be found online at www.americanreal.com. |
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