ADVENT CAPITAL PARTNERS ACQUIRES FOUR BUILDINGS FOR REDEVELOPMENT IN HISTORIC OLD TOWN FULLERTON

COMPANY PLANS TO RENOVATE BUILDINGS, BRING HIGH-END RETAILERS AND RESTAURANTS TO THE SIGNATURE PROPERTY TO BE RENAMED "FULLERTON PROMENADE"

FULLERTON -- Advent Capital Partners (ACP), an investor in urban infill and suburban retail, office and multi-family properties announced today that it has acquired four key buildings comprising 45,424 sq. ft. located at the intersection of Harbor Blvd. and Wilshire Ave. in historic Downtown Fullerton, California.

Surrounded by high-density and high-income residential areas, with institutional investment in over 700 new mid-rise luxury apartment homes (in planning or under construction), Downtown Fullerton is experiencing a renaissance further evidenced by a growing number of sidewalk cafes, specialty restaurants and high-end retailers.

"This is a well-located infill property in the heart of historic Downtown Fullerton, which was carefully planned by the city for redevelopment -- an acquisition well suited to our infill redevelopment strategy. We can enhance the unique historic flavor of Downtown and serve the needs of the community by creating an unique retail environment," said John T. Chen, founder and managing principal of Advent Capital Partners.

Phil Voorhees of CB Richard Ellis represented the buyer in the transaction valued at $4,000,000.

Advent Capital Partners is a real estate investment and advisory firm focused on properties in transition that require capital infusion and hands-on management. Located in Corona Del Mar, near Newport Center and the Orange County Airport, ACP invests in retail, office and multi-family properties in the primary West Coast markets.