Adler Realty Investments Acquires Industrial Buildings in Los Angeles
Los Angeles (May 15th, 2014) – Adler Realty Investments, Inc. (Adler) announced the purchase of a two-building industrial property totaling 28,000 square feet, located in supply constrained San Fernando Valley area of Los Angeles. The seller was in bankruptcy and Adler worked with the courts to have the sale approved.
Two thirds of property was leased back to the seller and the remainder was vacant but then leased after the purchase. With the 2nd tenant in place, Adler’s investors are provided with a steady cash flow.
“We are pleased with the investment structure we were able to create which provided a win-win scenario for all of the parties in the transaction” said Michael Adler, president of Adler Realty Investments. “Adler continues to provide rescue capital to owners and implement creative solutions to solve financial and operational issues.”
-ADLER REALTY INVESTMENTS-