American Realty Advisors is a privately held real estate investment management firm founded in 1988 and headquartered in Los Angeles, California. The firm manages $11.1 billion in assets under management as of December 31, 2025, and operates 8.4 million commercial square feet under management. The company is 100% employee-owned and serves institutional investors including pension plans, endowments, and foundations through commingled funds and customized separate accounts.
The firm's investment approach spans core, core-plus, value-add, and debt strategies across industrial, residential, retail, office, and specialty property sectors. ARA employs active asset management and maintains a research-driven methodology to generate cash flow and pursue value creation across market cycles. The firm operates through six offices located in Los Angeles, Chicago, Boston, New York, Philadelphia, and Orlando, with approximately 144 employees.
Leadership is headed by Stanley Iezman as Chairman and CEO, alongside Kirk Helgeson who serves as President and Chief Investment Officer. The executive team includes Scott Darling as Executive Managing Director of Portfolio Management, and Jay Butterfield as Executive Managing Director and Head of Business Development. Additional senior leadership includes Daniel S. Robinson as Managing Director of Capital Markets, Martha Shelley as Managing Director and Co-Portfolio Manager, Nancy Stark as Executive Vice President of Strategic Planning, and Sabrina Unger as Managing Director of Research and Strategy. Glenn Anderson serves as Chief Accounting Officer, while Kristin Adrian holds the position of Co-General Counsel.
The firm has completed multiple transactions across U.S. markets. In January 2025, ARA sold Silver Beach Industrial Park in Palm Beach County, Florida for $91.3 million, and in May 2024 sold an Orange County warehouse property in Fullerton to Rexford Industrial for $94 million.
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