About Younan
“Success is a science….if you acquire the conditions, you will achieve the results. You need to be powerful in knowledge yet maintain an inventor’s creative edge in order to be successful in today’s real estate market.” Zaya S. Younan
Younan Properties, Inc. is a privately-held real estate investment and asset management company headquartered in Los Angeles. We are focused on acquiring and managing Class “A” commercial office properties in the top 10 largest office markets throughout the United States. The company invests nationally in core-plus, value-added and development product categories.
Known for detailed, hands-on approach to improving operational efficiencies while concurrently maintaining top building standards, Younan has an exemplary track record in repositioning undervalued assets and in maximizing the value of stabilized assets. Through the application of proprietary technologies and proactive management strategies, we consistently have delivered superior returns to our investors.
In the past six years, we have acquired 60 properties, 20 of which have been sold. Our current portfolio consists of more than 12 million square feet of Class “A” office buildings in Dallas, Houston, Chicago, Los Angeles and Phoenix valued at more than $1.6 billion.
The company is notable in the commercial real estate industry through its macro- and micro-economic disciplinary approach to evaluating and selecting markets, its ability to identify and acquire undervalued or poorly managed properties in each selected market, and a rigorous adherence to breakthrough property management and operating techniques. We closely examine numerous economic indicators to identify markets where we believe office buildings are undervalued and where values will increase in the near term as a result of, among other things, office employment growth, positive absorption, migration of Fortune 1000 companies into the market, ratio analyses comparing the positive absorption in the applicable market to new inventory entering that market, and statistical analyses evaluating purchase price to earnings ratio.
We utilize a sophisticated, proprietary underwriting and due diligence methodology, which enables us to quickly determine inefficiencies in a building’s operations as well as in our marketing and leasing efforts. Our knowledge of building systems and operations provides the company with a competitive advantage in quickly assessing staffing requirements and improving on the existing operating and management systems.
Our property and asset management philosophy is unique in real estate because we employ strategies normally associated with the high tech manufacturing industry. We apply a hands-on management style in every step of the process, understanding the minute details of office building systems and efficiency management and we utilize a manufacturer’s approach to operational and process variance analysis and minimization. As a result, Younan consistently is able to operate buildings at significantly lower costs than other building owners, without reducing tenant services or amenities.
Another tool that has aided Younan in our success is our adherence to Total Quality Management. Through the company’s TQM program, tenant satisfaction is continuously monitored through the implementation of qualitative and quantitative research. Younan’s commitment to TQM points to its overall vision: reinventing how real estate assets are managed and how their value is enhanced. The TQM program ensures continuous and increased satisfaction for all tenants, while maximizing operational efficiencies.
Younan brings expertise into every aspect of the real estate investment cycle by integrating a holistic view of a project. We combine our comprehensive perspective of the real estate and capital markets, with knowledge about the current financing options, income streams and property appreciation.
We see opportunities that escape the view of others. In fact, it is these opportunities that expand Younan’s knowledge, stretch our creativity and drive our commitment to exceed expectations. Our continued success is ensured through constant self-improvement strategies, which deliver superior financial returns to our investors.
We will continue to capitalize on our competitive advantages and continue to significantly outperform the real estate industry average investor returns. Younan Properties believes in different way of thinking and a better way of working.
“We have built a company using the same principles it takes to develop the buildings that define a city skyline. Starting with a strong foundation, a well-defined blueprint and strategy, we added creativity and hard work to design something that stands out as a recognizable symbol of excellence. In this manner, Younan Properties will define the new standards of excellence in real estate investment solutions.”
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