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NEWPORT BEACH , CA - Looking to achieve greater consistency and a stronger platform for its brand, American Realty Advisors has chosen PM Realty Group, one of the nation’s leading providers of comprehensive real estate services, to manage its 3.8 million square foot Southern California office and industrial portfolio. The assignment brings PM Realty Group’s Southern California West management portfolio to more than 14 million square feet.
American Realty Advisors awarded PM Realty Group as the single service provider to manage its multi-county portfolio, which includes the following: more than 900,000 square feet of office and industrial space in Los Angeles County; about 700,000 square feet of office space in Orange County; close to 200,000 square feet in San Diego County and approximately 2 million square feet in the Inland Empire.
“With our growing portfolio, we recognized that we needed a single consistent level of service in order to provide the best value to our investors and to ensure a reliable platform across our Southern California portfolio,” said Stanley Iezman, president and chief executive officer, American Realty Advisors.
The American Realty Advisors assignment marks PM Realty Group’s entry into the Inland Empire with significant office and industrial assignments.
“Unlike many of our competitors, property management and asset management is our primary platform,” said Jim Proehl, executive vice president, PM Realty Group’s western division. “We were able to demonstrate to American Realty Advisors how our various service areas, including engineering, accounting and management, all work cohesively as a team to achieve consistency, which is exactly what they were looking to gain with this new portfolio focus.”
American Realty Advisors is a leading provider of institutional real estate investment management services, including acquisition, disposition, development, structured finance, and active asset management. With $2.5 billion in assets under management, American has created customized investment strategies for public employee and corporate pension funds, endowments, foundations, and Taft-Hartley funds for more than 15 years. The firm's nationwide portfolios include office, industrial, multi-family and retail properties. |