{"id":1003790019,"date":"2008-04-16T12:00:00","date_gmt":"2008-04-16T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/04\/16\/an-apartment-investor-looks-beyond-buying-and-selling\/"},"modified":"2022-12-08T18:33:37","modified_gmt":"2022-12-09T02:33:37","slug":"an-apartment-investor-looks-beyond-buying-and-selling","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/an-apartment-investor-looks-beyond-buying-and-selling\/","title":{"rendered":"An Apartment Investor Looks Beyond Buying and Selling"},"content":{"rendered":"<p>Paul Daneshrad thinks 2009 will be a good year to focus on other areas rather than buying and selling. Daneshrad is president and CEO of Starpoint Properties, which specializes in the acquisition, development, and repositioning of multifamily projects, and currently operates a portfolio in excess of $400 million.A major focus at Starpoint this year will be looking at how well the company is doing in property management.\u201cWe\u2019re going to take a close look at how well we operate,\u201d Daneshrad said. He said strengthening its property management business should enhance the value of the firm\u2019s multifamily assets, thus boosting their sales price when they are sold in a better market.Starpoint may sell some properties this year, but he emphasizes that it will not be a fire sale.\u201cWe\u2019re not a highly motivated seller,\u201d he said. \u201cIf we achieve the price we are looking for, we\u2019ll sell.\u201dThe firm also owns some retail and office properties. He said any transactions the company does this year will mainly for the benefit of portfolio adjustment, that is, moving from one type to another. For more on the commercial real estate investment market, see \u201cHow Long Is the Climb?\u201d in CPN\u2019s April 16 issue (or search for the headline in quotation marks on cpnonline.com).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paul Daneshrad thinks 2009 will be a good year to focus on other areas rather than buying and selling. Daneshrad is president and CEO of Starpoint Properties, which specializes in the acquisition, development, and repositioning of multifamily projects, and currently operates a portfolio in excess of $400 million.A major focus at Starpoint this year will&hellip;<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003790019","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>An Apartment Investor Looks Beyond Buying and Selling - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/an-apartment-investor-looks-beyond-buying-and-selling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An Apartment Investor Looks Beyond Buying and Selling\" \/>\n<meta property=\"og:description\" content=\"Paul Daneshrad thinks 2009 will be a good year to focus on other areas rather than buying and selling. 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