With a large undisclosed sum, the Zaya and Sherry S. Younan Foundation announced today that it will sponsor a new America's Longest Conflict exhibit at the Frontiers of Flight Museum in Dallas, Texas. The not-for-profit museum is a designated Smithsonian Affiliate that showcases loaned exhibits from the Smithsonian's National Air and Space Museum in Washington, D.C., as well as the entire Smithsonian system. In addition, the museum features permanent displays of its own extensive compilation of artifacts, documents and photographs from the University of Texas at Dallas' History of Aviation Collection.
Zaya S. Younan is Chairman and CEO of Younan Properties, Inc., Dallas' most dominant office landlord, with nearly seven million square feet of Class A office space in the city.
We are proud to be able to facilitate an educational exhibit that will pay tribute to thousands of American service men and women, including many who made the ultimate sacrifice in defending our freedoms, said Younan. We have never taken any of these freedoms for granted, and we're grateful for the opportunity to honor those who fought for their country over many decades of international conflict. This educational exhibition is the least we can do for people to remember these brave Americans.
In addition to financial support, Younan and his wife, Sherry, will contribute their family's own, personal artifacts to the Frontiers of Flight Museum exhibit. Development of the exhibit will start shortly. The exhibit will pay tribute to American aviation in global conflict and full-scale wars that took place between 1946 and 1991, encompassing the Korean War, the Cold War, Vietnam and the fall of the Berlin Wall.
We are exceedingly grateful for the Younan Foundation's generosity and interest in establishing a permanent, personal presence in our community, commented Ilene Stern, Vice President for Advancement at the Frontiers of Flight Museum. This significant gift will enable us to develop an exhibit that will be a lasting memorial to American military involved in close to a half-century of global conflict.
Founded as a small collection of aviation memorabilia in the Dallas Love Field terminal, the Frontiers of Flight Museum has grown into a 100,000-square-foot freestanding venue with exhibits that celebrate the history of flight, from Leonardo da Vinci through the aviation pioneers of the 1920s, World War aviation innovations and the Space Age. Among the artifacts that bring history to life are more than 200 aircraft models, including a full-size World War I Sopwith Pup biplane and the Apollo 7 Command Module. Also on display are uniforms, memorabilia, artifacts, posters and the only moon rock in north Texas. The Frontiers of Flight Museum is located at 6911 Lemmon Avenue (at University) in Dallas.
The Zaya & Sherry S. Younan Foundation is also a long-time sponsor of The Boy Scouts of America in Dallas, and of local schools in both Dallas and Los Angeles. Its latest Frontiers of Flight Museum exhibit sponsorship dovetails with Younan Properties' development of a 10,000-square-foot lobby war museum at Patriot Tower, the former One Dallas Centre in downtown Dallas. The fast-growing real estate investment firm acquired the 615,000-square-foot high-rise designed by world-renowned architectural firm I.M. Pei & Partners last month.
About Younan Properties, Inc.
Headquartered in Los Angeles, CA, Younan Properties, Inc., a real estate investment group, specializes in acquiring Class A office properties in high-growth markets throughout the United States. As one of the fastest growing, privately held real estate investment groups in the country, the company is especially adept at turning around undervalued assets and maximizing the value of stabilized assets. Through the application of proprietary technologies and proactive management, Younan Properties creates immediate value. In fact, the company has delivered to its investors an average leveraged IRR of 65% on properties sold to date.
Since founding the company in 2002, Zaya S. Younan has accumulated a nine million-square-foot portfolio of well-located Class A office buildings valued at more than $1.5 billion in key markets within Arizona, Florida, Illinois and Texas.
Additional information about Younan Properties, Inc. can be found at www.younanproperties.com.