American Assets Trust
American Assets Trust is a San Diego-based real estate investment trust with over 55 years of experience in managing premier office, retail, and residential properties across high-barrier-to-entry markets on the West Coast and Hawaii.
Company Overview
American Assets Trust is a real estate investment trust (REIT) headquartered in San Diego, California. Established in 2011 to continue the real estate business of American Assets, Inc., the company has over 55 years of experience in acquiring, improving, developing, and managing premier properties. It operates primarily in high-barrier-to-entry markets across Southern California, Northern California, Washington, Oregon, and Hawaii. American Assets Trust focuses on office, retail, and residential properties, offering a vertically integrated and self-administered service.
Property Portfolio
American Assets Trust has a diverse property portfolio, including approximately 3.1 million rentable square feet of retail space, 4.1 million rentable square feet of office space, and 2,110 multifamily units. The portfolio also includes a mixed-use property with about 94,000 rentable square feet and a 369-room all-suite hotel. The company's retail properties and multifamily units are primarily located in coastal west coast target markets, including Northern and Southern California, Oregon, Washington, and Hawaii.
Acquisition Criteria
American Assets Trust seeks acquisition opportunities in irreplaceable multi-family communities and outdoor lifestyle retail centers. The acquisition criteria include properties with potential for expansion, redevelopment, and lease-up/re-leasing, located within specific coastal west coast markets. These targeted markets include Northern California, Southern California, Oregon, Washington, and Hawaii. Minimum acquisition requirements include 100,000 square feet for retail properties and 100 units for multifamily projects, with a minimum investment of $50 million.
Corporate Social Responsibility
American Assets Trust is committed to reducing its reliance on natural resources and minimizing its carbon footprint. The company actively engages in social responsibility by making monetary and in-kind donations, as well as contributing volunteer work to various communities. The organization also promotes a diverse, fair, and inclusive work culture, offering robust benefits and professional development opportunities to its employees. Adhering to laws and regulations governing corporate governance, the company requires compliance from its vendors and contractors.
Office Locations
American Assets Trust's corporate office is located at 3420 Carmel Mountain Road, Suite 100, San Diego, CA 92121. Besides its main headquarters, the company also has office locations in Monterey, San Francisco, Waipahu, Portland, San Antonio, and Bellevue. These strategic locations support the company's operations and management across its target markets in the United States.