American Realty Advisors funds loan for Fedex development
American Realty Advisors, an institutional real estate investment manager, announced today the funding of $13.3 million in construction and permanent loan financing to a California based developer for the construction of a truck terminal and maintenance building located in Los Angeles County, CA. The loan investment was made on behalf of one of American’s pension fund clients.
The project, fully pre-leased to FedEx Corporation, is situated on a 13 acre site bounded by Main Street and Redondo Beach Boulevard in the Rosewood section of Los Angeles County. Construction is set to begin this month and is expected to be completed in July of this year.
“This investment is a strong addition to our client’s investment portfolio and will provide funding for union oriented construction. This is a win-win for our client and the developer,” commented Dan Robinson, American’s Director of Structured Finance.
American Realty Advisors is a leading provider of institutional real estate investment management services including structured finance, acquisition, disposition, development, and active asset management. With more than 20 years of experience creating customized investment strategies for public employee and corporate pension funds, endowments, foundations and Taft-Hartley funds, the firm’s assets include office, industrial, retail, and multi-family properties nationwide.
