Stable Development adds experts for its Shared Equity Program
Stable Development, LLC has pioneered a model for business owners to build equity in commercial property. Instead of paying rent to a landlord, clients of Stable Development’s Shared Equity Program receive ownership in the building they occupy, essentially becoming their own landlord. And, the program doesn’t require these new owners to make down payments or guarantee loans.
To expand the development of the Shared Equity Program, Stable Development has added Michael Young and Ryan Gould to its team. Young and Gould will manage and raise awareness of the program throughout the Las Vegas Valley and nationwide.
The latest example of Stable Development’s Shared Equity Program is Corporate Center at the Curve, next to the I-215 beltway at Sunset Road. A few dozen business owners have signed 10-year occupancy agreements in exchange for a portion of ownership in one of the eight Corporate Center at the Curve buildings.
Stable Development partners with the tenant/owners to create custom office space with generous tenant improvement allowances. The developer’s unique Shared Equity Program offers the benefits of real estate ownership to occupants of Stable Development properties. These benefits include: income from rent payments, profits from the sale of the buildings and tax benefits. Most importantly, Stable Development provides the capital and guarantees all loans.
Young and Gould bring a wealth of experience and previous accomplishment to the Shared Equity Program and Stable Development team.
Michael Young, founder of Huffman West which was later acquired by Venture Corporation, has more than 15 years experience in commercial and healthcare real estate. Young has built more than 700,000 square feet of medical, dental and professional office space in the Las Vegas, Southern California and western United States markets, worth more than $300 million. Young brings to Stable Development his expertise in all areas of land acquisition, development, sales and marketing, and debt and equity financing of commercial real estate projects.
Ryan Gould is the former vice president of Huffman West and has more than a dozen years experience in sales, marketing and real estate business development, medical, dental and professional commercial real estate and advertising. His responsibilities at Stable Development include educating potential clients and implementing the company’s strategic marketing plan, operations, project development, finance and acquisitions.
Stable Development invests in land and develops commercial properties in Southern Nevada and throughout the U.S. The firm currently owns prime locations in the Las Vegas metro area available for occupancy and ownership through its Shared Equity Program. Business owners interested in sharing building equity should visit StableDevelopment.com or contact Ryan Gould at 702-735-5532.
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