Thursday, June 18, 2015

American Realty Advisors Acquires Class A Industrial Portfolio in Metro Washington, DC



CHANTILLY, VA and STERLING, VA – American Realty Advisors, an institutional real estate investment manager with nearly $7 billion in assets under management, has acquired a 100 percent-leased Class A industrial portfolio totaling 453,883 square feet in Virginia.

The portfolio consists of two industrial buildings located within master-planned business parks in close proximity to the Dulles International Airport and Washington D.C.’s major roadways, according to Eric Cannon, Senior Director, Investment Group at American Realty Advisors.

“This region is experiencing strong positive net absorption, low vacancy, and continued rent growth, which is consistent with American’s research-driven investment strategy to source and acquire functional in-fill, multi-tenant industrial in well-located supply-constrained markets,” says Cannon.

James Cassidy
American Realty Advisors plans to implement a series of improvements to the properties that will increase the portfolio’s overall physical condition and curb appeal to maintain a high level of occupancy.

“Through our strategic and aggressive asset management process, American will be able to realize increasing cash flow over time and deliver predictable current yields to its investors over a long-term hold period,” says Cannon.

The two-property industrial portfolio is located at 3900 Stonecroft Boulevard in Chantilly, VA, and 45110 Ocean Court, in Sterling, VA.

The seller, an institutional investment management firm, was represented by James Cassidy of DTZ’s Washington D.C. office.

For a complete copy of the company’s news release, please contact:

Lexi Astfalk / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

No comments:

Post a Comment