Performance
Built with Purpose
ST Residential™ is a well-capitalized, scalable, full-service real estate platform. More than the nation’s leading owner and operator of luxury condominiums, our team currently owns and manages some of the highest quality apartment projects in the U.S., as well as hotel, office and retail space. With offices in Dallas, Chicago, Miami, Los Angeles and Atlanta, our core group of established leaders has a wealth of experience across all aspects of real estate development and ownership, as well as extensive expertise in loan workouts and administration.
At ST’s inception in 2009, our initial portfolio consisted of 101 assets, including both owned assets and loans, many of which were non-performing. Since that time, our experienced asset management group has modified over 30 loans with unpaid principal balance of greater than $1.5B. We have also transitioned 27 loans to owned or controlled assets, either through foreclosure or by creatively pursued negotiated settlements structured to limit delays and costs associated with taking ownership.
Our legal team offers extensive experience with the judicial process, timing and costs in most meaningful U.S. jurisdictions, allowing us to navigate through the complex legal landscape swiftly and efficiently. Where an amicable transfer of ownership or structured settlement is not possible, ST also has extensive experience in the foreclosure and bankruptcy process.
After taking ownership of a project, ST utilizes an in-house design and construction group to initiate and/or complete construction with all enhancements to maximize returns for investors. To date, ST has managed almost half of $1B of construction spending on our projects, led by our head of construction, who over 25 years has led the ground-up development of 6 casino hotels, in addition to the substantial work being accomplished at ST. All design and enhancement work is overseen by our lead designer, who is personally responsible for the clean, modern aesthetic of one of the most popular and successful hotel brands in the world.
Our in-house marketing team, coupled with our national branding and marketing partner Avenue, is responsible for planning targeted strategies in consultation with regional directors and local partners. Having relaunched 25 condominium buildings and 12 multifamily projects in just the last two years, our group is well-versed in marketing to a wide variety of potential residents and investors. We can craft a detailed marketing, advertising and public relations plan that effectively meets our market in a short timeframe and maintain the expertise to manage its successful execution. Furthermore, our perpetual review and monitoring process allows us to test our marketing performance and quickly adjust our strategies to ensure success.
In addition to partnering with the top selling and leasing teams in the U.S., ST has developed a successful global outreach program with relationships throughout Latin America, Europe and Asia. This powerful network amplifies condominium sales to international buyers and has proven invaluable for sourcing new opportunities.
Our experience goes a step further than making the sale or writing the lease, as we are committed to doing whatever it takes in order to fill our buildings with satisfied residents. We have an in-house financing group focused on providing end-user financing for our buyers, seeking out creative solutions in this challenging market for home loans. Furthermore, our experienced warranty/building facilities department, and its extensive process for maintaining our properties, ensures that our assets are protected and our homeowners are taken care of.
Though ST’s primary focus to date has been condos and multifamily, we are well-equipped to handle any type of asset, as our greatest strength is our ability to leverage our large and growing network of relationships. With this flexibility, ST can move quickly in any market to pair the best-in-class firms in each discipline with the needs of the given asset, enabling us to derive the maximum value from each and every opportunity.
Thanks to our extensive capabilities and expansive network, our properties consistently outperform their competitive sets. And we’re just getting started.