American Realty Advisors Announces Initial Closing of $50 Million Real Estate Commingled Fund.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--Jan. 3, 2001 Glendale-based 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 recently announced the initial closing of Building for America High Yield Union Investment Fund LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a commingled real estate investment fund. The fund has raised $30 million and is targeted to close at $50 million. The fund was created to allow pension plans and other qualified investors to invest in a pooled investment vehicle for the purpose of investing in construction loans, mortgages, participating mortgages, equity/joint ventures and equity investments in institutional quality real estate. The fund limits investments to commercial real estate involving construction or extensive renovation work in which such new construction or renovation work is completed exclusively by contractors who are signatories to collective bargaining agreements The contractual agreement between an employer and a Labor Union that governs wages, hours, and working conditions for employees and which can be enforced against both the employer and the union for failure to comply with its terms. . The projects, when complete, will be core, income-producing real estate assets generating current income and anticipated long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. appreciation. The fund is targeted to receive an average annual total return of 12 percent to 18 percent over the investment cycle, which is three to five years for each individual investment. American Realty Advisors is a real estate investment manager that provides real estate acquisition, disposition, development, financing and asset management services to institutional clients. The firm currently has more than $1.1 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. , which includes office, industrial, retail and multifamily properties throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . |
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