An assistant adjunct professor with the Schack Institute of Real Estate at New York University, Paul Salib has deep expertise in commercial real estate transactions, having been involved in financing and acquisitions valued at over $1 billion. Paul Salib is a founder and managing partner of Castellan Real Estate Partners.
Since its inception in 2006, Castellan Real Estate Partners has invested in real estate transactions with a market valuation amounting to approximately $750 million. Taking a long-term ownership approach to properties with sound upside potential, the company has often purchased properties that the former owners did not manage properly. Many of these properties were in physical decline, resulting in unhealthy relationships between owners and tenants.
Castellan significantly invests in these properties, including by installing new and better insulated dual-pane glass windows, new roofs and additional insulation, and CCTV systems. It also replaces boilers with natural gas for a more reliable and efficient heat source, as well as installs high-efficiency refrigerators, energy-efficient lighting, and smoke detector upgrades. When tenants see a landlord that cares about them through such improvements, they are also likely to be tenants who willingly pay their rent.
Since its inception in 2006, Castellan Real Estate Partners has invested in real estate transactions with a market valuation amounting to approximately $750 million. Taking a long-term ownership approach to properties with sound upside potential, the company has often purchased properties that the former owners did not manage properly. Many of these properties were in physical decline, resulting in unhealthy relationships between owners and tenants.
Castellan significantly invests in these properties, including by installing new and better insulated dual-pane glass windows, new roofs and additional insulation, and CCTV systems. It also replaces boilers with natural gas for a more reliable and efficient heat source, as well as installs high-efficiency refrigerators, energy-efficient lighting, and smoke detector upgrades. When tenants see a landlord that cares about them through such improvements, they are also likely to be tenants who willingly pay their rent.
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