2019 was the best year ever for The Paskin Group
As published in noozhawk: The Paskin Group, a real estate investment and management company founded and based in Santa Barbara, has just completed its fourth real estate investment acquisition of the year, making 2019 the company’s biggest year to date.
Founded in 2006 by former UCSB Gaucho, Michael Paskin, The Paskin Group boasts an expanding portfolio of real estate investments, which spans the country and includes some 1,700 apartment homes and 80,000 square feet of commercial space.
The company has doubled its portfolio of apartment homes since 2015 and completed $136 million in transactions this year, including $83 million in total acquisitions. It now employs more than 50 people between headquarters in Santa Barbara and management and training office in Plano, Texas.
“It’s been an incredible year of growth for our team and our future looks even brighter,” said Michael Paskin, the company’s founder/CEO. “We believe our success comes as a result of maintaining a disciplined investment approach and creating a company culture where people are excited to do great things.
“There are plenty of shiny things out there to distract someone, but we remain focused on what has worked well for our team and for our investors.”
Following the company motto “Investing in Community,” The Paskin Group has been involved with several local food banks, Toys for Tots, United Way, and several other California and Texas nonprofits in 2019 year alone.
“Giving back to our employees, our residents, and our communities in which we operate is not only a pride point for us but, we believe, is also a large contributor to our ongoing success,” Paskin said.
The Paskin Group’s most recent acquisition is a 136-unit garden-style apartment community in Addison, Texas.
“We’re thrilled to bring another solid, value-add apartment investment into our portfolio,” Paskin said. “This community will join 11 other communities we currently own and operate in Texas and Colorado and will provide our investors with immediate cash-flow and long-term capital appreciation.”
This asset is well located in the heart of Dallas’ “Platinum Corridor” and is nearby 10 other communities we currently own and operate.
A big round of applause goes to our entire investment and management teams that helped make this our company’s most successful year to date!