GlenStar Properties is a Chicago-based commercial real estate company specializing in
development, investment, leasing and management of institutional quality properties.
Over the past decade, GlenStar Properties has acquired an impressive portfolio of high-profile properties as well as developed office, retail, residential and medical-building assets.
Founded by three of Chicago's leading real estate executives, GlenStar Properties brings a well-honed ownership perspective to all of its properties and services. GlenStar has built on this solid foundation and the company is now recognized as a top provider of development and related commercial real estate services.
With strong market intelligence, broad industry experience and the hands-on involvement of its principals, GlenStar is synonymous with exemplary commercial real estate performance.
GlenStar brings a well-honed ownership perspective to bear when selecting real estate investments. Through extensive evaluation of each asset in its market context, GlenStar creates a strategic plan that includes alternative value-creation options for enhancing or repositioning a property in anticipation of its ultimate disposition.
Whether as principal or on an advisory basis, GlenStar is an accomplished provider of development services for complex projects of varying sizes. With a keen understanding of the market coupled with an owner's perspective, GlenStar brings a mature and thoughtful approach that is both efficient and detail-oriented. For new construction or the re-development of an existing asset, ongoing value engineering efforts ensure that all development goals are achieved on time and within budget.
With a thorough understanding of the market, GlenStar professionals bring extensive knowledge and experience to the leasing and sale of property, resulting in countless successful transactions. This experience gives GlenStar strong market insight and the unusual ability to quickly identify the right prospective tenants and buyers. GlenStar's efforts are directed at creating solutions that differentiate its properties and are always guided by the perspective of ownership, enabling them to achieve value-added results with each assignment.
For any property to achieve its investors' expectations, it must be aggressively managed. Consistant and thorough property maintenance, excellent tenant relations and a long-term capital improvement program are keys to maximizing property value and lessening risk. GlenStar assesses tenant needs and expectations and then sets realistic goals for developing service and property upgrades that will promote tenant retention, enhance operational efficiencies and increase property value. Monthly and annual reporting allows for continuous monitoring of each program's effectiveness, with ongoing adjustments made as necessary. The results are superior tenant satisfaction ratings, excellent retention rates and higher rents.
Larry Debb is a Managing Principal and founding member of GlenStar Properties, LLC. At GlenStar, Mr. Debb leads the firm's development and construction activities, and is a member of the investment committee. A 30-year industry veteran, Mr. Debb brings diverse experience to the firm that includes construction and development projects totaling more than $1 billion as well as leasing and investment experience.
Rand Diamond is a Managing Principal and founding member of GlenStar Properties, LLC. At GlenStar, Mr. Diamond leads the firm’s asset management business, is a member of the investment committee, and shares responsibility for new acquisitions, dispositions and project financing. Over the past 30 years, Mr. Diamond has negotiated more than $2 billion in real estate transactions and secured in excess of $500 million in project financing.
Michael Klein is a Managing Principal and founding member of GlenStar Properties, LLC. At GlenStar, Mr. Klein leads the firm's new acquisitions, dispositions and project financing efforts, is a member of the investment committee, and shares responsibility for the firm’s asset management business. Mr. Klein began his career as a real estate attorney and over the last 25 years has been involved in all aspects of commercial real estate, including development, finance, investment and asset management.