DALLAS, June 5, 2012 /PRNewswire/ -- Stream Realty Partners, L.P., a national real estate services, development and investment firm, today announced that it has been selected by DRA Advisors LLC, to provide property management and leasing services for the industrial portfolio recently acquired from Weingarten Realty Investors in Texas and Georgia. The properties span across five cities including Atlanta, Austin, Dallas, Houston and San Antonio, totaling approximately 7 million square feet.
"First and foremost, we are thrilled to extend our relationship with DRA Advisors," said Chris Jackson, regional managing partner. "This is a huge win for Stream; it's the culmination of months of work across multiple cities and teams within both DRA and Stream."
The assignment brings Stream's leasing and management portfolio to 85 million square feet across the U.S. With the addition, the firm added 1 million square feet in Atlanta, 500,000 square feet in Austin, 2.5 million square feet in Dallas, 2.25 million square feet in Houston and 700,000 square feet in San Antonio. Stream officially took over leasing and management of the properties at the time of closing.
"In only eight years of working in the industrial space, Stream has established itself as one of the largest industrial third party leasing and management companies in the state of Texas and one of the fastest growing players across all of our markets," said Kyle Valentine, regional managing partner of Stream Realty Partners. "This assignment further strengthens Stream's presence on a national level."
About Stream Realty Partners, L.P.
Stream Realty Partners, L.P. is a national real estate services, development and investment firm. The firm represents a diverse mix of local, national, and international clients and manages a portfolio of more than 85 million square-feet of office, industrial and retail properties. Founded in 1996, Stream Realty has grown from two partners to more than 375 real estate professionals operating throughout the U.S. For more information, visit www.streamrealty.com.
About DRA Advisors LLC
DRA Advisors LLC is a New York-based registered investment advisor specializing in real estate investment management services for institutional and private investors, including pension funds, university endowments, foundations, and insurance companies. Founded in 1986, the firm currently manages over $9 billion in assets, including 16 million square feet of office space, 10 million square feet of industrial properties, 4 million square feet of retail space and 41,000 residential units. Additional information about DRA can be found on the company's website at www.draadvisors.com.
SOURCE Stream Realty Partners, L.P.