AAT - Mergers and acquisitions

SAN DIEGO, Feb. 28, 2025 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") announced today the successful acquisition of Genesee Park, a 192-unit apartment community located in San Diego, California. Genesee Park is currently approximately 93% leased with rental rates that the Company believes are significantly below prevailing market levels for the submarket. The acquisition presents a compelling opportunity to enhance the property's value through strategic asset management initiatives. "Genesee Park is a valuable addition to our portfolio, offering strong upside potential in a prime San Diego location," said Adam Wyll, the Company's President and Chief Executiv

SAN DIEGO, March 08, 2022 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") has successfully closed on the acquisition of Bel-Spring 520, consisting of an approximately 93,000 square foot, multi-tenant office campus located on over 5 acres just off the interstate 405 and 520 freeway interchange, less than 5 minutes away from downtown Bellevue, Washington. Bel-Spring 520 is currently approximately 69% leased to a diversified tenant base with contractual lease rates that the Company views as below prevailing market rates for the submarket. The two-building property features a campus-setting in a natural landscape with immediate highway access and a diverse rent rol

SAN DIEGO, Sept. 10, 2021 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") has successfully closed on the acquisition of Corporate Campus East III, consisting of an approximately 161,000 square foot, multi-tenant office campus located just off the interstate 405 and 520 freeway interchange, less than 5 minutes away from downtown Bellevue, Washington. Corporate Campus East III is currently approximately 86% leased to a diversified tenant base with contractual lease rates that the Company views as below prevailing market rates for the submarket. The four-building property features a campus-setting in a natural landscape with immediate highway access and a dive

SAN DIEGO, July 07, 2021 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the "Company") has successfully closed on the acquisition of Eastgate Office Park, consisting of an approximately 280,000 square foot, multi-tenant office campus in the premier I-90 corridor submarket of Bellevue, Washington. Eastgate Office Park is currently greater than 95% leased to a diversified tenant base with a weighted average lease term of approximately 3 years with contractual lease rates that the Company views as below prevailing market rates for the submarket. Additionally, Eastgate Office Park recently obtained municipal approval for rezoning, increasing the floor area ratio from 0.5 to 1.0,