Younan Properties, Inc. Hires Technical Executive

pdfReal Estate Veteran & Former Lincoln Property Company's Senior Vice President Hired to Oversee Engineering and Facility Management of all YPI's Properties

DALLAS February 15, 2005 Wallace Bud Smith has joined Younan Properties Inc. (YPI), one of the fastest growing privately held commercial real estate investment firms in the United States, as senior vice president of technical operations and new development. He will be based in the firm's Dallas, Texas office.

With more than 30 years of experience in institutional asset management and commercial real estate, Mr. Smith will be responsible for bringing continuity to the building operational management component of YPI's commercial portfolio on a nationwide basis.

Wallace's extensive knowledge in facility management and engineering coupled with his intuitive capability to analyze a building's infrastructure will accelerate our current progress to achieve world-class operating standard and 6-sigma efficiency milestone for all of our assets, said Zaya S. Younan, chairman and CEO of Younan Properties. His more than 30 years of experience and accomplishment in the commercial real estate industry will be instrumental to support our growth and operational cost reduction activity.

Prior to joining Younan Properties, Mr. Smith served as senior vice president of national operations for one of the most respected and diversified service firms in the United States - Lincoln Property Company (LPC). For more than 18 years, Mr. Smith was responsible for developing a national program for LPC-owned and third-party management contracts including bundling power, negotiating retail and free wheeling contracts.

In addition, Mr. Smith is the co-founder of Lincoln University, an educational program that teaches asset managers, property managers and corporate level engineers in energy conservation methods and engineering principles.

As an investment firm, YPI takes a very distinctive and exciting approach to the commercial industry, said Smith. It is inspiring to work with Mr. Younan, who is eager to increase asset value by creating unique programs which will optimize building operations.

Mr. Smith is also the author of numerous articles which have been published in various trade magazines including District Heating and Cooling and American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE). He is also licensed as a class C chief engineer in the state of Minnesota. His past memberships include Sheet Metal Workers International and International Union of Operating Engineers.

lgm 04 18 16 260 webYounan Properties invests and provides asset management services for Class A office properties, retail centers, golf courses and luxury resorts on behalf of private, corporate and institutional investors. Today, the company has assembled a fully scalable, international platform with a valuation of more than $1 Billion.

In 2015, the Company made its first investment in France through La Grande Maison Younan Collection, which acquires luxury resort properties. Château du Petit Chêne Hotel & Golf Course is located in Mazières-en-Gâtine. Recent luxury hotel acquisitions include Logis Saint Martin in Saint Maixent l’Ecole, and Chateau Germond in Germond-Rouvre.

Château du Petit Chêne Hotel & Golf Course

castle image2

Tenant Spotlight

lfds logo
Lakeside Square, Dallas

Loewinsohn Flegle Deary Simon LLP, headquartered in Lakeside Square in Dallas, Texas, is a law firm focused on trials, arbitrations, and business conflict resolution. LFDS has decades of experience handling high-stakes business disputes, employment litigation and counseling, business restructuring, and general counsel services.  

Read More ...