LOS ANGELES, January 29, 2008—Younan Properties, Inc. announced that it named Catherine Nelson Capps as Property Manager of 1010 Lamar in Houston, Texas. With its portfolio growing to nearly 2.2 million square feet of office space in Houston, 1010 Lamar represents the first YPI asset in the Houston CBD.
"Cathie Capps is a solid addition to our Houston management team," noted Zaya S. Younan, chairman and CEO of YPI. "Her experience in property management and her knowledge of the Houston office market will ensure that YPI meets and exceeds tenant satisfaction through rigorous adherence to our high standards of excellence."
According to Capps, "Younan Properties is an invigorating environment where leadership counts."
Capps is a 20-year professional with extensive experience in commercial real estate. Previous positions include serving as a manager of multiple properties with Moody Rambin Interests; general manager with Songy Partners Realty in Florida; regional property manager with Weingarten Realty Investors, and property manager with TPMC Realty Services Group.
A graduate of the University of Houston, she maintains membership in the Institute of Real Estate Management, and the Building Owners and Managers Association.
About Younan Properties, Inc.
Headquartered in Los Angeles, Calif., Younan Properties, Inc., a privately-held real estate investment group, specializes in acquiring Class A office properties in high-growth markets throughout the United States. Known for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants, the company is recognized for its success in turning around undervalued assets and maximizing the value of stabilized assets. Through the application of proprietary technologies and proactive management, Younan Properties has delivered to its investors an average leveraged IRR of 67% on properties sold to date. Since founding the company in 2001, Zaya S. Younan has accumulated nearly 11 million square feet of well-located Class A office buildingsin key markets within Texas, Illinois and Arizona. Additional information about Younan Properties, Inc. can be found at www.younanproperties.com.