Zaya Younan

Zaya S. Younan is an American entrepreneur and real estate mogul.

Career

Born in Tehran, Iran of ethnic Assyrian heritage. Zaya Younan is an American citizen. Younan worked in senior executive positions with Fortune 500 companies, including General Motors, Johnson Controls and TRW before he became the Chairman and Chief Executive Officer of Younan Properties, Inc., a company founded in 2001 and based in Woodland Hills, California with offices in Dallas, Houston, Chicago and Phoenix.^{[1][2][3][4][5]}

The company makes investments on behalf of private, corporate and institutional investors and is involved in all aspects of operation and asset management. It also specializes in acquiring Class A office properties in high-growth markets throughout the United States.

Younan^[6] recently announced the funding of the establishment of a Dallas-based war museum to be housed in the renamed Patriot Tower with exhibits that pay tribute to American troops who have served and sacrificed, from the American Revolution to the 2003 Iraq War. The museum never came to be.

Younan Properties announced that it filed a registration with the Securities and Exchange Commission on April 9, 2010 to form a REIT. Registration No. 333-165980. On October 28, 2011, the company postponed the public offering citing market conditions and a reduced interest for new REIT IPOs by Wall Street institutional investors. The Registration with the SEC remains open and may be activated in early 2011. On November 4, 2010, the company released that it had leased 1.2 millions square feet of office space throughout its portfolio through the third quarter. In addition it disclosed that it had increased it total portfolio occupancy from 72% to 73.5% and achieved an 80% retention ratio of existing tenants.

References