American Realty Advisors Announces the Acquisition of Cupertino City Center I & II
(firmenpresse) - GLENDALE, CA -- (Marketwire) -- 09/28/11 -- American Realty Advisors, a leading provider of real estate investment management services to institutional investors, announced today the acquisition of Cupertino City Center I & II, a fully leased 311,240 SF institutional-quality four-story Class A office complex in Cupertino, California. The Silicon Valley property was acquired on behalf of one of American's commingled real estate funds.
The property is leased to a locally-headquartered multi-national technology company. The tenant's credit provides the property with a secure long-term net-leased investment. The office complex features fully-renovated common areas, building systems and high-finish tenant improvements. The mixed-use city center location enjoys outstanding accessibility, amenities and visibility, and is ideally-situated at the intersection of Stevens Creek and DeAnza Boulevard, Cupertino's primary arterials.
"With a long-term commitment from a blue-chip tenant, coupled with the property's overall high-quality attributes, premier location and regional accessibility, City Center is an outstanding core asset with secure long-term cash flows. Recognized as the global technology hub, Silicon Valley has performed well during this period of economic recovery and continues to experience rising rents and limited availability. We anticipate this asset to outperform over our anticipated investment period," stated Stanley Iezman, American's Chairman and CEO.
American Realty Advisors, a California corporation, is an SEC-registered investment advisor under the Investment Advisers Act of 1940, as amended, and a leading provider of real estate investment management services to institutional investors. With over $4.0 billion* in assets under management, American has provided innovative real estate solutions to institutional investors for over 23 years utilizing core and value-added commingled funds and separate accounts. The firm's portfolios include office, industrial, multi-family, retail and other properties nationwide. More information regarding American can be found online at
*Assets under management represent the gross market value of all assets and accounts managed by American Realty Advisors as of June 30, 2011 which includes cash and cash equivalents and excludes partners' share of equity and debt on partnership investments.
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Jay Butterfield
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Datum: 29.09.2011 - 00:30 Uhr
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News-ID 70793
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