American Realty Advisors, a Los Angeles–based commercial real estate investment manager, has raised a total of $5.32 billion for its American Core Realty Fund, an open-end fund that launched in 2003, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
The open-ended real estate fund invests primarily in high-quality core stabilized income-producing properties located in or near major metropolitan markets nationwide that demonstrate growth potential and/or supply constraints. The fund is diversified geographically, economically and by property type. The core fund achieves this by acquiring institutional-quality multi-tenant office, industrial, retail and multifamily properties in the middle-market range. Targeted investments will be substantially leased properties with minimal deferred maintenance needs.
In December 2016, th
