American Real Estate Partners, (http://www.americanrepartners.com), a Herndon, VA-based, fully-integrated private real estate investment company, is pleased to announce its most recent acquisitions, the firm’s first purchases in the New York Metro and the Richmond, Virginia markets.

“These new acquisitions are the very best assets in their respective submarkets and will exceed our return objectives,” said Douglas Fleit, Chief Executive Officer. “We are seeking many more of these types of opportunities and expect to be extremely active in acquiring quality office projects the next few years.”

American Real Estate Partners purchased Riverside on the James, a 263,000 square foot trophy office and retail project in downtown Richmond, Virginia. The trophy tower is one of the newest mixed-used developments and is home to international law firm Troutman Sanders LLP, along with the mergers & acquisitions firm Harris Williams/PNC and Rutherford, a subsidiary of Marsh. Riverside on the James, the firm’s first in the Richmond area, was 91 percent leased at the time of purchase.

The firm also recently purchased Westgate I, another trophy Class A building totaling 230,518 square feet. Westgate I is located 35 miles from Manhattan in a 40 acre first class office park in Basking Ridge, NJ and is 100 percent leased to Everest RE. Westgate I is American Real Estate Partners first acquisition in the New York Metro market.

American Real Estate Partners (formerly ACP Mid-Atlantic LLC), one of the most experienced real estate operating platforms in the United States, concentrates on commercial real estate assets and real estate financial instruments in markets along the Eastern Seaboard of the United States, including Washington, DC; Virginia; suburban Maryland; Raleigh-Durham; Philadelphia, New Jersey and New York. The firm’s current holdings total approximately 4.2 million square-feet of Class A office and flex assets.

For more information about American Real Estate Partners please visit www.americanrepartners.com.

About American Real Estate Partners: American Real Estate Partners is a leading fully integrated private real estate investment company operating in major markets along the eastern seaboard of the United States. Founded in 2010, its principals (Douglas Fleit, Chief Executive Officer and Brian Katz, President) have assembled one of the most diverse and experienced real estate operating platforms in the country. Visit (http://www.americanrepartners.com) to learn more about American Real Estate Partners.