Stephen Edward Samuelian
“There are two rules regarding the ‘smartest time’ to purchase real estate,” says Stephen Edward Samuelian. According to Stephen Edward Samuelian, rule number one is to purchase real estate when it is on sale. Rule number two, Stephen Edward Samuelian adds, is that “When in doubt about the smartest time to purchase real estate, see rule number one.” While Stephen Edward Samuelian said he understands that purchasing real estate on sale is not always an option, it is “preferable and smart.”
The veteran real estate developer, who began at the self-reliant age of 19, has built three million square feet in just commercial retail and warehouse space alone. Currently embarking on new opportunities, Stephen Edward Samuelian is hunting for eye-catching prospects in Class-A industrial space. “In this recovering economy, that type of industrial space is on sale,” says Stephen Edward Samuelian.
Stephen Edward Samuelian believes in acquiring assets that are well located. However, “there has to be potential to increase their value,” asserts Stephen Edward Samuelian. And to increase the value Stephen Edward Samuelian reminds readers to see rule number one on the best time purchase real estate. “Purchasing a property at a low price obviously increases your chance to turn a profit,” reports Stephen Edward Samuelian.
Stephen Edward Samuelian increases the value of his properties that were “on sale” through active ownership and a solid hands-on approach. According to Stephen Edward Samuelian, an owner must know all the details and “the ins and outs” of each piece of particular real estate. “If you are going to increase the value, you have to be present,” adds Stephen Edward Samuelian.
Referring to his company, Stephen Edward Samuelian believes that the track record “speaks to our ability to source compelling off-market opportunities.” As well, according to Stephen Edward Samuelian, in this economy there are properties that “offer strong upside potential.” It is just a matter of purchasing a property at a good price and “taking the initiative of solid ownership of your investment,” concludes Stephen Edward Samuelian.
In addition to expertise in real estate development, Stephen Edward Samuelian has been recognized for his charitable work promoting, among other ideals, self-reliance in Mozambique. Stephen Edward Samuelian can be contacted at stephen.samuelian@gmail.com.
About Stephen Edward Samuelian
Stephen Edward Samuelian is a founding partner of Life Generations Healthcare as well as one of four founding partners of Covenant Care Inc. Stephen Edward Samuelian has served as President and CEO of Sacon Constructors Inc., Medcon Inc., and Emerald Development Inc. In addition, Stephen Edward Samuelian is manager of the Samuelian Family Trust and President of The Perfect Moment Foundation.
As a native of California, Stephen Edward Samuelian acquired his California Contractors license at the age of 19 and began construction operations with the construction of retail stores, offices, restaurants and healthcare facilities. While involved in building a restaurant and lobby of an Embassy Suites Hotel, he met Robert E. Woolley. Mr. Woolley, a highly successful hotel entrepreneur, has been widely acknowledged as a pioneering and industry-leading proponent in the all-suite hotel business. In time, the relationship with Mr. Woolley developed into hotel construction projects for many owners and operators. As the principal of Sacon Constructors Inc., Stephen Edward Samuelian built properties for Marriott, Radisson, Embassy Suites, Holiday Corp. and Travel Lodge. Though Sacon Constructors Inc., Stephen Edward Samuelian also built approximately 3 million square feet of commercial, retail and industrial space.
As President and CEO of Medcon Inc., Stephen Edward Samuelian concentrated on construction services for acute hospitals and specialty medical construction projects such as radiological and surgical facilities. As President and CEO of Emerald Development Inc., Stephen Edward Samuelian focused on real estate development and ownership opportunities that constructed apartments and tilt-up industrial buildings for Emerald’s own account.
Through his medical construction services, Stephen Edward Samuelian saw the growth potential of the skilled nursing business and moved forward as a founding partner of Covenant Care Inc.—a skilled nursing business that grew to 45 facilities in 6 years. With remarkable success in this business, Stephen Edward Samuelian later co-founded and launched Generations Healthcare, a company that owns and operates nursing and rehabilitation facilities.
Currently, Stephen Edward Samuelian serves on several corporate Boards and is the Chairman of The Perfect Moment Foundation. Stephen Edward Samuelian also serves as the Chairman of Care for Life, a non-profit organization that promotes self reliance, health, education and micro credit for the poorest of the poor in Mozambique, Africa. Additionally, Stephen Edward Samuelian is a member of the board of directors for Rising Star Outreach that assists in eliminating the stigma of the leprosy-affected in India.
Married to Susan Samuelian for 30 years, Stephen Edward Samuelian and his wife are the parents of four adult children and 3 grandchildren. The Samuelians reside in Laguna Beach, California.
Stephen Edward Samuelian can be contacted at stephen.samuelian@gmail.com.
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