American Realty Advisors Provides Mezzanine Financing for Corporate Center in Menlo Park, CA
Market Wire, January, 2007
American Realty Advisors announced today the origination of a mezzanine loan secured by the Menlo Oaks Corporate Center, a 374,139 square foot, seven-building suburban office property located within the Bohannon Business Park area of Menlo Park in Northern California. The Property is located adjacent to Highway 101, with over a quarter-mile of freeway exposure, and is currently leased to a diverse roster of financial, technology, government and legal firms. The transaction was executed by American's structured finance division.
Kirk Helgeson, Principal and Managing Director, Investments stated, "Our ability to execute the capitalization of this outstanding investment was based upon our comprehensive knowledge of the property and the market, coupled with our relationship with the senior lender, which allowed us to swiftly price, underwrite and close the transaction. Given the current cap rate environment, we find advantages in occupying this position in the capital structure relative to the return and downside protection."
American Realty Advisors is an SEC-registered investment adviser and a leading provider of real estate investment management services to institutional investors. With more than $4.0 billion* in assets under management, American has provided real estate investment management services to institutional investors for over 18 years utilizing core and value-added commingled funds and separate accounts. The Firm's portfolios include office, industrial, multi-family, and retail properties nationwide. Information regarding American can be found online at www.americanreal.com .
* As of September 30, 2006, assets under management represent gross value of all assets and accounts managed by American (excluding partners' share of equity and partners' share of debt on partnership investments) plus approximately $738 million in commitments not yet drawn.
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Contact: Joyce Ezaki, 818/409-3280
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