American Realty Advisors Funds Loan for FedEx Development.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--Jan. 2, 2003 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, an institutional real estate investment manager, announced today the funding of $13.3 million in construction and permanent loan financing to a California based developer for the construction of a truck terminal and maintenance building located in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, CA. The loan investment was made on behalf of one of American's pension fund clients. The project, fully pre-leased to FedEx Corporation, is situated on a 13 acre site bounded by Main Street and Redondo Beach Redondo Beach (rĭdŏn`dō), city (1990 pop. 60,167), Los Angeles co., S Calif., on the Pacific Ocean; inc. 1892. Once a commercial port for Los Angeles, it is a residential and resort city with a protected harbor and an excellent marina. Boulevard in the Rosewood rosewood, popular name for the ornamental wood of several species of tropical trees, especially for the heartwood of certain leguminous trees of the genus Dalbergia of the family Leguminosae (pulse family). Brazilian rosewood, or jacaranda (D. section of Los Angeles County. Construction is set to begin this month and is expected to be completed in July of this year. "This investment is a strong addition to our client's investment portfolio and will provide funding for union oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. construction. This is a win-win for our client and the developer," commented Dan Robinson Dan Robinson is the name of:
American Realty Advisors is a leading provider of institutional real estate investment management services including structured finance, acquisition, disposition, development, and active asset management. With more than 20 years of experience creating customized investment strategies for public employee and corporate pension funds, endowments, foundations and Taft-Hartley funds, the firm's assets include office, industrial, retail, and multi-family properties nationwide. Specific details of American's investment criteria can be found online at www.americanreal.com. |
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