American Realty Advisors raises capital for core open-end fund

American Realty Advisors, a Los Angeles–based commercial real estate investment manager, has raised additional capital for its core open-end real estate fund, American Core Realty Fund, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

American Core Realty Fund has total equity commitments of $5.76 billion. 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 acquires institutional-quality multi-tenant office, industrial, retail and multifamily properties in the middle-market range. Targeted investments are substantially leased properties with minimal deferred mainten