News and Events - 2007

pdfLOS ANGELES, CA (July 24, 2007) Younan Properties, Inc. (YPI), one of the fastest growing, privately-held real estate investment groups in the country, announced today that it has hired Byron L. Taylor as Director of Construction and Project Management. The new position reflects YPI's explosive growth over the past five years and its ongoing expansion into large scale capital projects and major tenant improvements.

Taylor brings more than 25 years of professional experience in construction and project management to his new position. Prior to joining Younan Properties, he served as Superintendent/Project Manager for Turner & Jacobs in Dallas, Texas, managing operations for major renovation and improvement projects throughout the Dallas/Fort Worth Metroplex. His background also includes project and construction management positions at Vandel & Overstreet Construction in Irving, Texas and Lincoln Property Company in Dallas, Texas.

While based in Dallas, Taylor will be responsible for overseeing major construction and tenant improvement projects at YPI assets throughout the United States. The firm's portfolio currently encompasses 25 mid- and high-rise buildings totaling more than 10 million square feet of Class A office space concentrated in Texas, Illinois and Arizona.

Byron is a seasoned professional who will ensure that all of our building improvement and renovation projects are completed on time and on budget, observed Zaya S. Younan, Chairman and CEO of Younan Properties, Inc. Our portfolio has grown so significantly since our founding in 2002, and we have undertaken so many large scale capital improvement projects in order to bring all of our assets up to the Class A+ standards for which Younan is known, that a senior-level construction and project manager is now critical for managing tenant and corporate expectations and capital expenditures across the country.

Commenting on his new position, Taylor said, The Younan team has extraordinary, inspired leadership, as well as ambitious goals for growth and new activities. I'm extremely pleased to be part of a corporate culture that supports innovation and encourages new ideas.
Younan noted that YPI is currently conducting feasibility studies for the development of office buildings in such high-growth markets as Dallas, Houston and Chicago. Diversification, growth and expansion have always been major drivers of our business plan, and we will continue to build our executive team to oversee, manage and improve our existing assets as well as those that will be added to our portfolio in the future.

Most recently, Younan Properties took title to two Houston office buildings totaling close to 330,000 square feet of well-located office space: 6464 Savoy, an eight-story, multi-tenant office building in the desirable deed-restricted Regency Square Office Park in southwest Houston, and Northbelt Corporate Center, an institutional-grade, 10-story office property at 2350 North Sam Houston Parkway East. It is currently under contract to purchase two additional Houston office properties and plans to acquire some five million square feet in the city in the next six to 12 months.

Known for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants, Younan Properties' management team has more than four decades of experience in developing and managing commercial real estate in high growth markets throughout the United States. Headed by Zaya S. Younan, Younan Properties has accumulated more than $1.5 billion in real estate holdings since its inception in 2002.

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 10 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.

pdfLOS ANGELES, CA (July 26, 2007) Younan Properties, Inc. (YPI), one of the fastest growing, privately-held real estate investment groups in the country, announced today that it has hired John R. Cook as Vice President of Asset Management. In his Dallas, TX-based role, Cook will oversee management of close to eight million square feet of Class A office space in YPI's Dallas and Houston portfolios. His duties will encompass leasing at numerous trophy high-rises, including Thanksgiving Tower, KPMG Centre and Patriot Tower in downtown Dallas, as well as at suburban mid-rises in both Dallas and Houston.

Cook brings 15 years of executive-level leadership experience to his new position, including a successful track record in leasing, value building, exit strategies and management of portfolios of up to 12 million square feet in markets across the country. Prior to joining Younan Properties, he was Executive Vice President of Regis Realty I, LLC in Dallas, responsible for the firm's commercial property acquisitions group. He has served as President of Regis Property Management, overseeing up to 110 commercial properties in the commercial property management company's $110 million portfolio. His background also includes positions as Executive Director of the Denver Merchandise Mart in Denver, CO and as Vice President of Prime Income Asset Management, Inc. in Dallas, TX.

John will play a critical role in attracting and retaining high-profile corporate tenants in the two office markets in which Younan Properties has both a dominant presence and a reputation for providing exceptional space solutions, observed Zaya S. Younan, Chairman and CEO of Younan Properties, Inc. As we continue to grow our portfolios in these recovering markets, he will bring the signature YPI touch to new and existing assets.

Cook is a licensed CPA in Texas. He earned a BS in accounting from the University of Texas at Dallas. Of his new position, he said, Younan Properties is one of the most dynamic real estate investment firms in the country, and I am extremely pleased to be part of its executive team. Zaya Younan is passionate about the way his firm manages commercial real estate, and his team is known as the best in the nation for creating and building value.

Now the top office landlord in Dallas with approximately 12% of the city's Class A space, Younan Properties is intent on attaining that position in Houston. Most recently, it added two office buildings totaling close to 330,000 square feet of well-located office space to its Houston portfolio: 6464 Savoy, an eight-story property in the desirable deed-restricted Regency Square Office Park in southwest Houston, and Northbelt Corporate Center, an institutional-grade, 10-story property at 2350 North Sam Houston Parkway East. It is currently under contract to purchase four additional Houston office properties and plans to acquire some five million square feet in the city in the next six to 12 months.

Younan Properties is now the third-largest owner of Class A office space in the state of Texas. Nationwide, its holdings total more than 10 million square feet of Class A space.

Known for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants, Younan Properties' management team has more than four decades of experience in developing and managing commercial real estate in high growth markets throughout the United States. Headed by Zaya S. Younan, Younan Properties has accumulated more than $1.5 billion in real estate holdings since its inception in 2002.

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 10 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.

pdfLOS ANGELES, CA (March 7, 2007) With a $500,000 pledge, Younan Properties, Inc. (YPI), one of the fastest-growing, privately-held real estate investment groups in the country, has brought Oaks Christian School in Westlake Village, CA school one step closer to its $21 million fundraising goal. The donation, which will be paid over five years, will fund new facilities and equipment needs for Oaks Christian's fast-growing student body. The school has grown from its start 6-½ years ago to 953 students in grades six through 12 today.

The next generation is our future, and we are very pleased to be able to help prepare tomorrow's leaders by creating new platforms for academic excellence, artistic expression and athletic distinction, said Zaya Younan, Chairman and CEO of Younan Properties, Inc. When you are inspired by some great purpose, all your thoughts break their bonds, your mind transcends limitations, your consciousness expands in every direction and you find yourself in a new, great and wonderful world. I have been inspired by Oaks Christian's culture and commitment to develop our children's minds for leadership and their hearts for service.' This is the greatest gift we can give our children and I am confident that Oaks Christian can foster this.

Acknowledging the YPI donation, Tom Konjoyan, Vice President of Development for Oaks Christian School, commented, We are grateful for the amazing generosity this donation represents. It demonstrates the support of our community and its business leaders for this type of facility, which will benefit students for generations to come. Konjoyan noted that collective donations now total over $18 million toward the campaign's goal of $21 million.

The centerpiece of the campaign is construction of the two-level, 29,000-square-foot Bedrosian Pavilion. The multipurpose project will connect to the existing gymnasium and will include the Curtis Family Black Box Theater and Sommers Family Media Studio. The complex will feature retractable seating platforms, which will allow the configurations to change from a gymnasium area to theater seating for stage productions. It will incorporate practice rooms, a control room, workshop, black box/green room, rest rooms, teacher core room and service/utility areas.

The $15 million Bedrosian Pavilion was designed by NTD Architects. Matt Construction, a leading Southern California contractor, recently participated in the topping out ceremony for the facility. Construction is expected to be completed by mid-2007.

In addition to the new pavilion, the campaign will pay for seven new classrooms in the school's Price Academic Center and expansions to the Collins Café and Shiley Family Library. Several improvements to the athletics facilities will include a new baseball bleacher complex, synthetic turf for Thorson Stadium and lighting for the aquatic complex. The campaign also will fund a new security system and new computers throughout the 18-acre campus.

In honor of Younan Properties' pledge, Oaks Christian will name its main basketball and volleyball court Younan Court. Located within the Dallas Athletic Center, the facility is an NBA-length court that can be divided into two full basketball courts or three volleyball courts. A dedication ceremony for Younan Court will be held this summer. Oaks Christian School's basketball and volleyball programs have won a combined three CIF titles in the school's short history.

Oaks Christian School is located adjacent to the 101 Freeway in Westlake Village, CA. The 110,000-square-foot facility includes classrooms, a library, office complex, Olympic-sized outdoor pool, and a gymnasium. The campus also has a football stadium; baseball, softball and soccer fields; wrestling/aerobics and weight rooms; and a cafeteria. The state-of-the-art facilities include 12 science labs, distance learning, computer laboratories, video conferencing, and TV monitors and computers in every classroom. For more information, visit the school's website at www.oakschristian.org

Known for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants, Younan Properties' management team has more than four decades of experience in developing and managing commercial real estate in high growth markets throughout the United States.

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.