Younan Properties Continuing to Acquire Despite Bankruptcy Risks

How’s this for a business plan? Focus on acquiring underperforming commercial properties in several major U.S. markets, making these properties into attractive, much sought after office space and then seeking out good, long-term tenants that contribute to the neighborhood around it. That’s exactly what Younan Properties, a commercial real estate investment firm based in Los Angeles, is doing to lessen its risk of bankruptcy in the difficult economic times. The company has its 35 formerly underperforming properties in Los Angeles, Chicago, Phoenix, Houston and Dallas-Fort Worth that it has bought, turned around and then increased the occupancy rates through good operations management. As for a powerhouse company like Younan Properties, Bankruptcy isn’t even on the table.