Profile: American Assets Trust Inc (AAT)
25 May 2017
American Assets Trust, Inc., incorporated on July 16, 2010, 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 in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets. The Company operates in four business segments: retail, office, multifamily and mixed-use. As of December 31, 2016, the Company's portfolio consisted of 11 retail shopping centers; seven office properties; a mixed-use property consisting of a 369-room all-suite hotel and a retail shopping center, and five multifamily properties. Additionally, as of December 31, 2016, the Company owned land at four of its properties that it classified as held for development and construction in progress. Its markets include San Diego, the San Francisco Bay Area, Portland, Oregon, Bellevue, Washington and Oahu, Hawaii.
The Company's retail segment includes rental of retail space and other tenant services, including tenant reimbursements, parking and storage space rental. Its retail properties include Carmel Country Plaza, Carmel Mountain Plaza, South Bay Marketplace, Lomas Santa Fe Plaza, Del Monte Center, Geary Marketplace, The Shops at Kalakaua, Waikele Center and Alamo Quarry Market. As of December 31, 2016, its retail portfolio included 11 properties with a total of approximately 3.1 million rentable square feet available for lease.
The office segment includes rental of office space and other tenant services, including tenant reimbursements, parking and storage space rental. Its office properties include Torrey Reserve Campus, The Landmark at One Market, One Beach Street, Lloyd District Portfolio, City Center Bellevue and First & Main. As of December 31, 2016, its office portfolio included seven properties with a total of approximately 2.7 million rentable square feet available for lease.
The multifamily segment includes rental of apartments and other tenant services. Its multifamily properties include Loma Palisades, Imperial Beach Gardens, Mariner's Point, Santa Fe Park RV Resort and Hassalo on Eighth - Multifamily. As of December 31, 2016, its multifamily portfolio included four apartment properties, as well as an RV resort. As of April 28, 2017, the Company had over 2,112 multifamily units.
The mixed-use segment includes rental of retail space and other tenant services, including tenant reimbursements, parking and storage space rental and operation of a 369-room all-suite hotel. Its mixed-use properties include Waikiki Beach Walk Retail and Embassy Suites Hotel. As of December 31, 2016, its mixed-use property consists of approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel.
American Assets Trust Inc
11455 El Camino Real Ste 200
SAN DIEGO CA 92130-2047
Company Web Links
- BRIEF-American Assets Trust announces issuance of $100 mln of 4.24 pct senior guaranteed notes
- BRIEF-American Assets Trust reports Q1 FFO per share $0.44
- BRIEF-American Assets Trust acquires Pacific Ridge Apartments for $232 mln
- BRIEF-American Assets Trust enters into agreement to acquire the Pacific Ridge Apartments in San Diego
- Fitch Rates American Assets Trust's $250MM Sr. Unsecured Notes and $50MM Unsecured Term Loan 'BBB'