LOS ANGELES, March 19, 2008—Younan Properties, Inc., one of the nation's largest privately-held real estate investment companies announced that it named Roland T. Chua to the newly-created post of director of asset management for Younan's Dallas holdings. With its portfolio of more than 9.0 million square feet of office space in Texas, the addition of Chua will bring additional depth to the Dallas management team.
"With the explosive growth of our holdings in Texas, we recognized the need to add depth and bench strength. Roland has a wealth of experience in all phases of commercial real estate, particularly as it relates to operations, compliance and regulatory matters" noted Zaya S. Younan, chairman and CEO of Younan. "His experience will add immediate, hands-on value to our Dallas operations. I look forward to working with him and taking our company through the next stage of our growth."
According to John Cook, vice president of asset management for Younan, "We are very pleased that Roland has joined our team in Texas. Roland is a very well respected professional in our market and his breadth of experience in commercial asset management will bring a fresh approach and energy to many facets of our operations."
Chua has 17 years experience in all phases of real estate asset management with P&L responsibility in office, retail and industrial leasing, property tax appeals, litigated rent collections, lender compliance, budgets and variances to due diligence in acquisitions and dispositions.
"I am very excited to join the Younan organization. This position will provide me with an excellent opportunity to bring all of my skills and experience to one of the best commercial real estate firms in the country," stated Chua.
Since 1998, Chua has worked for Regis Realty in Dallas where he most recently served as vice president of asset management, revenue & tax. Chua oversaw property tax administration and management of a 350-property portfolio consisting of office, retail & industrial space, apartment units and land with a combined market value in excess of $3 billion.
From 1993 to 1997, Chua served as vice president of leasing for Goodwind Development Corp, in Guam, U.S.A. From 1989 to 1993, Chua was an asset manager for Nations Bank in Dallas.
He is a graduate of the University of San Carlos, Philippines with a BSBA in Management and Economics.
Headquartered in Los Angeles, Younan Properties specializes in acquiring Class A office properties in high-growth U.S. markets. Known for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants, Younan is recognized for turning around undervalued assets and maximizing the value of stabilized assets. Younan has accumulated nearly 12 million square feet of Class A office buildings in Texas, Illinois and Arizona. Contact Younan at www.younanproperties.com.