NOVEMBER 7, 2013

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American Realty raises $3.9b for open-end funds

by Andrea Waitrovich

American Realty Advisors has raised approximately $3.9 billion in equity commitments for two open-end funds.

The firm's American Core Realty Fund has raised approximately $3.7billion, according to a filing with the SEC. The 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, $20 million to $150 million. Targeted investments will be substantially leased properties with minimal deferred maintenance needs.

In addition, American Realty has fundraised $203.9 million for its American Strategic Valu

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