DECEMBER 07, 2006

CT REALTY CORP. SELLS TWO BUILDINGS AT AMERICAN RIVER COMMONS FOR $3.2 MILLION

SACRAMENTO – CT Realty Corp. has announced the sale of two office buildings within the seven-building American River Commons business park in Sacramento, Calif., for $3.2 million. The properties were acquired by Delphi Trust and the Rhoads Family Trust.

The two buildings are located at 600 Bercut and 610 Bercut Dr., approximately one mile from downtown Sacramento near Richards Boulevard and Interstate 5. Comprised of seven single-story buildings, the business park offers a total of 92,640 square feet of leasable office space and is currently at 90 percent occupancy. Five of the seven buildings are 100 percent occupied, with two of the five buildings occupied by a single tenant.

CT Realty sold 600 Bercut Dr. to Delphi Trust for $1.5 million, and 610 Bercut Dr. to a partnership between Delphi Trust and the Rhoads Family Trust for $1.69 million.

According to John Valentine, senior vice president of CT Realty, the company recently completed a $700,000 renovation program for American River Commons, which included exterior painting, new landscaping, parking lot improvements, replacement of the buildings’ HVAC systems and new lighting.

“The upgrades repositioned the business park within the Sacramento marketplace,” Valentine said. “As a result of the improvements and the fact that the property enjoys one of the most central business locations in Sacramento with great access to major freeways and Sacramento International Airport, we believe the park will continue to enjoy high occupancy levels.”

Jeff Boucher of TRI Commercial in Sacramento represented both parties in the transaction. In addition to American River Commons, CT Realty’s Northern California investments include the Davis Commerce Center in Davis, Calif., and the Travis Credit Union Park in Vacaville, Calif.

Since its establishment in 1994, Newport Beach, Calif.-based CT Realty Corp. has completed more than 140 transactions totaling more than $2 billion, which includes acquisitions, sales, development and redevelopment. In addition, the company provides development equity financing through strategic partnerships with developers in the Southwest. The focus of CT Realty’s investment activities is to acquire well-located assets with the potential to enhance their value through a solid, hands-on approach. Asset types are industrial, suburban office, multi-family, senior housing, retail, golf course and self-storage properties primarily in the purchase range of $5 million to $75 million.

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