Arden Realty, Inc. Expands into National Office Growth Platform

LOS ANGELES--(BUSINESS WIRE)--Michael Rowan, President, GE Real Estate, Americas’ Equity announced today that Arden Realty, Inc. is expanding its role as the West Coast growth engine into a national office platform. Since the merger of GE Real Estate and Arden in May of 2006, Arden has successfully grown from a leading Southern California-based office landlord into one of the premier West Coast owner operators throughout Southern and Northern California, Seattle, Portland, Phoenix and Salt Lake City. In the last twenty-four months, Arden closed approximately $6 billion in office transactions, refining its portfolio through a capital recycling program that focuses on value-add investments in strategic West Coast markets.

“The national expansion into the Central and Eastern United States is a logical continuation of Arden’s growth strategy and positions them well as they accelerate into the third party investment management business,” said Michael.

Arden will apply the company’s proven expertise in value creation and long-standing leadership position in energy solutions and sustainability to expand their platform to the national level. “We have demonstrated our ability to replicate our strong value-add operating model in all of our target markets to date,” stated Arden President and CEO, Joaquin de Monet. “Our ability to combine a local presence with successful investment, leasing and management capability enables us to grow organically for Americas’ Equity in new markets.” Arden has added value to approximately 18 million square feet under the Americas’ Equity office operating platform.

The company has also produced turnkey design and implementation of more than 200 energy and sustainability projects in its portfolio. The EPA has recognized Arden numerous times as the landlord with the largest amount of Energy Star-related office buildings in a single portfolio in the United States. Arden is also currently achieving new benchmarks for LEED certification in its portfolio.

The move east into the U.S. transfers Americas’ Equity national office investment talent into Arden where acquisition directors in the Midwest and East Coast will report to Arden’s Chief Investment Officer, Michael Lynch. Arden’s corporate headquarters will continue to be located in West Los Angeles with regional offices in its major markets.

Interview with President and CEO – Joaquin de Monet available on request.

Property and personnel jpgs available.

About Arden Realty, Inc.

Based in West Los Angeles, Arden Realty, Inc. is a fully integrated real estate company and a premier landlord in the Western United States. In May of 2006, the firm was acquired by GE Real Estate as its growth platform for the Western U.S. Currently, Arden has a portfolio of 220 buildings comprised of over 13.3 million square feet in major markets throughout Southern California, Northern California, Portland, Seattle, Phoenix and Salt Lake City. In-house operations include leasing, property and asset management, construction, development, and acquisitions.

For more information on the company, visit the Arden website at www.ardenrealty.com.