Rastegar Property Company
| Company type | Privately held company |
|---|---|
| Industry | Real estate |
| Predecessor | Rastegar Capital (2015–2018) Rastegar Equity Partners (2018– 2020) |
| Founded | 2015 |
| Founder | Ari Rastegar |
| Headquarters | Austin, Texas |
Area served | United States |
| Website | rastegarproperty |
Rastegar Property Company is an American real estate investment firm headquartered in Austin, Texas.[1] It is engaged in the acquisition, development, and management of commercial and residential properties throughout the United States.[2]
History
[edit]Ari Rastegar, originally from Texas and possessing a background in real estate law and investment, founded Rastegar Capital in 2015.[3] The private real estate investment firm underwent rebranding in 2018, becoming Rastegar Equity Partners, and eventually Rastegar Property Company.[4] Initially concentrating on the Austin real estate market, Rastegar aimed to form a company using advanced technology and data analytics for the identification and capitalization of undervalued properties in expanding markets.[5] Kellie Rastegar, who is ex-creative director of Rastegar Property Company.[6][7][8]
Portfolio
[edit]Rastegar Property Company's portfolio encompasses a diverse range of assets, including multifamily, office, retail, and industrial properties.[9] The company has a strong presence in major metropolitan areas, such as Austin, Miami, and New York City, and continues to expand its footprint in emerging markets throughout the United States.[10] As of January 2017, the firm managed assets worth $500 million.[11] As of Spring 2021, the firm had a portfolio comprising at least 4.9 million square feet of real estate in development, encompassing projects in 34 cities across 12 states in the United States.[12][13]
In 2023, Rastegar Property Company donated 11-acre land to Hays Consolidated Independent School District board for Texas' 17th elementary school.[14] The donated land is part of the 318-acre, 700 Bunton Lane development project, located on the eastern side of Kyle, is set to feature a mix of single-family and multi-family homes, parks, trails, and other amenities, including the new elementary school.[15][16]
References
[edit]- ^ Vasel, Kathryn (May 14, 2020). "Welcome to your new, post-pandemic office | CNN Business". CNN. Retrieved April 26, 2023.
- ^ "Rastegar Property Co – Company Profile & News". www.bloomberg.com. Retrieved April 18, 2023.
- ^ Maidan, Laila. "2023 is 'a generational buying opportunity' for real estate investing". Business Insider. Retrieved April 19, 2023.
- ^ "Ari Rastegar Talks Sun Belt Growth and Vintage Multifamily Potential". Commercial Observer. February 15, 2021. Retrieved April 18, 2023.
- ^ Arellano, Alberto (March 29, 2023). "Ari Rastegar Building His Real Estate Empire Around New Trends For The Average American". Zenger News. Retrieved April 27, 2023.
- ^ March 24, Lisa Brown |; PM, 2020 at 10:00. "Rastegar: Multifamily, Self Storage Well Positioned for Current Market Turmoil". GlobeSt. Retrieved April 18, 2023.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Kellie Rastegar gives back to Austin community". The Asian Age. January 25, 2020. Retrieved April 18, 2023.
- ^ Rastegar, Kellie. "Taking Advantage Of Multifamily Real Estate". Forbes. Retrieved April 18, 2023.
- ^ "Register". www.bizjournals.com. Retrieved August 18, 2023.
- ^ "Austin's Ari Rastegar Seeks To Help Shape His Hometown's Growth". CoStar. December 27, 2022. Retrieved April 18, 2023.
- ^ Perez, Christine. "Why Ari Rastegar Thinks an Economic Downturn Is Looming". D Magazine. Retrieved April 18, 2023.
- ^ "Rastegar Property Company". Commercial Observer. Retrieved April 18, 2023.
- ^ Monahan, Shea (April 8, 2022). "Ari Rastegar Plans East Austin Office Project". The Real Deal. Retrieved April 18, 2023.
- ^ Flores, Zara (February 24, 2023). "Hays CISD accepts 11-acre land donation for new elementary school within Rastegar Property Co. development in Kyle". Community Impact. Retrieved April 19, 2023.
- ^ Modi, Priyanka (January 9, 2023). "The Future is Suburban: Why CEO Ari Rastegar is Hot on Pockets". The Real Deal. Retrieved April 19, 2023.
- ^ "Register". www.bizjournals.com. Retrieved August 17, 2023.