The first property was a 53,643 square foot office building in the St Louis suburb of St Charles. The property is 100% leased with Royal Canin as the major tenant. The second property was a fully leased 30,300 square foot neighborhood retail center in Sikeston, Missouri. Situated at the primary intersection in Sikeston the property has a strong national tenant mix including Buffalo Wild Wings, UPS Store, and Charter Cable Company.

“These properties add to our portfolio’s diversification and I am excited to continue our expansion in the region,” said Michael Adler, president of Adler. “Chris Engel, our director of acquisitions, is continuing to look throughout the west and mid-western United States for other investment opportunities to meet our capital requirements.”

Carlos Farfan of CBRE brokered the transactions and Lord Partners, a Sperry Van Ness affiliate, will be managing the assets for Adler who is headquartered in Los Angeles.

Adler acquired the project two and half years ago as a 50% leased property from a distressed owner. Adler was able to quickly execute several new leases bringing the property to 100% occupancy and providing strong cash flow to its investors.

“We are proud that we were able to complete our business plan faster than anticipated and double our investors money in a short period of time.,” said Michael Adler, president of Adler Realty Investments. “We are also pleased that after the sale we were able to successfully execute a 1031 tax exchange allowing our investors to roll their profits into a new opportunity while deferring their tax gains.”

The broker on the deal was Jeremy Trotter of Synergy Real Estate Group who represented both seller and buyer.

The project is located at the intersection of Haven Boulevard and the 60 Freeway in the city of Ontario, just south of the Ontario airport.  Adler plans to lease the remaining 8,000 square feet which will result in a steady cash flow stream for its investors.

“We are pleased with the investment and believe strongly in the recovery of the Ontario market” said Michael Adler, president of Adler. “Chris Engel, our director of acquisitions, is aggressively looking throughout the western United States for other acquisitions and opportunities including both value-added and stabilized deals.”

About Adler Realty Investments, Inc.

Adler Realty Investments, Inc. is a full-service real estate investment and development firm with over $600 million in acquisitions since inception. ADLER’s real estate portfolio consists of more than 2.7 million square feet of office, industrial, retail and multi-family residential properties in Texas, California, Colorado, and Arizona, as well as vacant land for future development.  ADLER’s trademark is its unparalleled ability to identify, analyze, negotiate and close transactions involving many different types of real estate. ADLER has the experience and expertise required to execute management and development strategies to maximize a property’s value in the market.

For more information, please contact Michael Adler at (818) 884-2200 or Chris Engel at (818) 480-5501, or visit www.adler-realty.com. Adler Realty Investments, Inc. is located at 20951 Burbank Blvd. Suite B, Woodland Hills, Calif. 91367.