Saturday, August 3, 2013

"AAT" American Assets Trust

American Assets Trust, Inc. (the “Company”) is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California.  For over 40 years, the Company has been acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States in some of the nation’s most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington and Hawaii. The Company's retail portfolio comprises approximately 3.1 million rentable square feet, and its office portfolio comprises approximately 2.6 million square feet.  In addition, the Company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and over 900 multifamily units.  In 2011, the Company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.
American Assets Trust, Inc. is a full-service vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties primarily in Southern California, Northern California, Oregon and Hawaii. The Company operates in four business segments: retail, office, multi-family and mixed-use. As of December 31, 2011, its portfolio consisted of 10 retail shopping centers; six office properties; a mixed-use property consisting of a 369-room all-suite hotel and a retail shopping center, and four multifamily properties. As of December 31, 2011, it owned land at five of its properties that the Company classified as held for development. On January 24, 2012, it acquired One Beach Street, consisting of approximately 97,000 rentable square feet in a renovated office building located along the Embarcadero in San Francisco’s North Waterfront District. 

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