Press Release, November 06, 2017
American Realty Advisors Promotes Senior Investment Professionals
Los Angeles, CA (November 6, 2017) – American Realty Advisors (“ARA”), is pleased to announce that it has made two strategic internal promotions. Albert Pura will become Senior Director in ARA’s Investment Group. In this position, Mr. Pura will be responsible for sourcing new investment opportunities for the firm in the San Francisco Bay Area and the Pacific Northwest regions. Rick Massa is moving from the Asset Management Group to ARA’s Portfolio Management team and will be overseeing a portfolio of assets for the firm’s largest commingled fund.
Mr. Pura has been an ARA team member for 11 years. In his former position, Mr. Pura was involved with the development and implementation of the overall portfolio management strategy, including acquisition and disposition activity for ARA’s largest commingled fund. Mr. Pura has over 20 years of real estate investment management experience and, prior to joining ARA, was a Vice President with RREEF, where he co-managed a private REIT and was in charge of fund operations, as well as oversight of specific assets throughout the western United States. Mr. Pura is a graduate from the University of California, San Diego.
Kirk Helgeson, ARA’s Chief Investment Officer, commented, “We’re pleased to have Albert join the Investment Group. Albert has worked the San Francisco Bay Area and Pacific Northwest markets for over 20 years, and this background and deep knowledge will be a tremendous asset to our team. At ARA, we strive to provide our professionals with opportunities for growth and recognize talented individuals who show interest in evolving their roles. We look forward to the successful future Albert will have in this strategic transition to the Investment Group.”
Mr. Massa has been with ARA for seven years and as a member of the Asset Management team, was responsible for supervising asset management activities for real estate investments in the Midwest, Southeast, and East Coast regions. Mr. Massa has over 16 years of real estate investment management experience and, prior to joining ARA, was a Managing Director and Partner of Caisson Capital Advisors, responsible for sourcing and underwriting investments, fund management, and investment consulting. Before that, Mr. Massa served as a Vice President - Acquisitions at Principal Global Investors. Mr. Massa holds a B.A. degree from the University of Northern Iowa and an MBA from the University of Iowa.
Scott Darling, ARA’s President, said, “By adding Rick to our Portfolio Management team, we will be able to apply his strong management skill set to our on-going efforts to deliver superior risk-adjusted returns for our clients. Rick’s industry knowledge is extensive and his deep understanding of regional markets will add significantly to our existing portfolio management team. Advancement opportunities have always been a priority at ARA, and we are proud to see Rick step into this role.”
ABOUT AMERICAN REALTY ADVISORS
With more than $8.1 billion in assets under management, American Realty Advisors is a leading provider of commercial real estate investment management services. For over 29 years, ARA has managed capital for institutional investors utilizing core and value-added commingled funds and separate accounts. ARA acquires assets directly or provides equity, preferred equity, mezzanine debt, debt, and hybrid debt to primary investors and developers operating throughout the United States for office, industrial, multi-family, and retail properties.