New York Real Estate Journal

Robert Sedaghatpour, STRATCO Property Group

December 23, 2013 - Spotlight Content
What was your greatest professional accomplishment in 2013? My greatest professional accomplishment of 2013 was the formation and overall success of STRATCO. We went from a mere idea and vision to a brand name within the multi-family industry. Our client list includes some of the most reputable ownership interests in the industry. We are the "go-to" consultant for special situations. In addition to the branding, we have published numerous articles on various subjects regarding multi-family operations, and have been featured as a speaker at the Massey Knakal Housing Summit and will be speaking at the IREM Asset Management Symposium. What was your most notable project, deal or transaction in 2013? We were hired by a real estate fund to "take over" a mixed-use building from a foreclosure transaction. To gain a short-term profit prior to losing the building and as an act of vengeance against the note purchaser, the borrower had populated the building with fraudulent tenants in exchange for other benefits. We delivered to our client a stable asset with value enhanced by over $2 million. What are your predictions for commercial real estate in 2014? We will continue to see an upswing in pricing. Much of the distressed debt situations are letting up. Lending institutions are loosening up their guidelines. A flood of new buyers and groups will enter the market, given the increased optimism. What are your resolutions for 2014? We commit to furthering our brand amongst the industry and solidifying the reputation our services to our clients currently enjoy. Within the first quarter, we anticipate launching our investment arm and to begin acquiring assets throughout Manhattan and Brooklyn.