GLENDALE, CA--(Marketwire - May 3, 2012) - American Realty Advisors, a leading provider of real estate investment management services for institutional investors, announced today the disposition of 3169 Dodd Road. This 128,000 SF warehouse facility is located in the Eagan industrial submarket, a region in the Minneapolis metropolitan area and is 100% leased.
Built in 2001, the property is conveniently located near the Minneapolis - St. Paul International Airport, and provides tenants with excellent freeway access to Minneapolis' major arterials, including the I-494, I-35 E and Highway 55. The property features a highly-functional design, including 24 foot clear heights, 40 by 40 foot column spacing, 25 dock doors and two drive-in doors. The numerous marketable attributes of the property assisted in the firm's ability to maximize value for the client, and further demonstrates American's ongoing commitment to enhance clients' portfolios with quality institutional-grade assets that are likely to perform well during the anticipated holding period.
Paul Vacheron, American's Managing Director, Asset Management stated, "Since leasing drives property income and value, American is keenly aware of the significant role active asset management serves in adding value to our clients' portfolios. At the time of disposition, the 100%-leased industrial facility offered the buyer with several years of remaining lease term and helped maximize the asset's value potential for the client. American's strategy for asset optimization combined with the firm's proven tactical real estate expertise helped make the sale of this asset a success."
American is an investment advisor registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended, and a leading provider of real estate investment management services to institutional investors. With over $4.5 billion* in assets under management, American has provided real estate investment management services 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, all of which are managed on behalf of American's clients. Information regarding American can be found online at www.americanreal.com.
*Assets under management represent approximate gross market value of all assets and accounts managed by American as of December 31, 2011 which includes cash and cash equivalents and excludes partners' share of equity and partners' share of debt on partnership investments.