YPI Successfully Completes Another Turn-Around in Less than 19 Months Achieving 22% IRR

pdfSherman Oaks, Calif. December 15, 2004 Younan Properties Inc. (YPI), one of the fastest growing privately held commercial real estate investment firms in the United States, has sold Younan Plaza for $6 million. Younan Plaza is a 30,000 SF, Class A office building located in the dynamic Ventura Blvd. sub-market at 15456 Ventura Blvd. in Sherman Oaks, Calif. Less than 19 months ago, Younan Properties purchased this 5-story building from Fossildon, LLC for $4.4 million.

Utilizing our strong operational and continuous improvement capability, we were able to increase occupancy from 50% to 90% and reduce operating expenses from $8.68/SF to $5.40/SF in the short holding period, said Zaya S. Younan, chairman & CEO of Younan Properties. This disposition is part of our plan to sell our non-core small office properties and replace them with larger Class A buildings in growing metropolitan office submarkets. We are on track to complete the re-positioning of our portfolio and results have exceeded our expectations.

The seller, Younan Properties, represented itself. The buyer is a third-party private investor who also represented themselves.

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

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