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| Robert Abbasi |
"Two, four, twenty units, and then it grew into bigger apartment buildings afterwards," Abbasi says. "Then I started into commercial real estate, and the easiest commercial real estate to start with is called Triple Net."
In a triple net lease (or NNN) agreement, a lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "Nets") on the property, in addition to common costs that are expected under the agreement (rent, utilities, etc.). Moreover, the tenant or lesse is responsible for all costs associated with the repair and maintenance of common areas.
From here, the future for Abassi and RTI Properties was bright.
“I have deep experience within most faces of real estate,” says Mr. Abbassi, with a background topping 30 plus years in the market. “The lending side, investments, commercial, self-storage, practically everything except high rise office spaces. At RTI Properties, we believe that substantial opportunities exist for acquiring or investing in undervalued properties across the country,” and the company has the numbers to prove it.
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| Robert Abbasi |
From here, the future for Abassi and RTI Properties was bright.
“I have deep experience within most faces of real estate,” says Mr. Abbassi, with a background topping 30 plus years in the market. “The lending side, investments, commercial, self-storage, practically everything except high rise office spaces. At RTI Properties, we believe that substantial opportunities exist for acquiring or investing in undervalued properties across the country,” and the company has the numbers to prove it.
With its headquarters in the South Bay of Los Angeles, RTI Properies is now a fully integrated and nationally recognized firm diversified into several divisions, including commercial property management, commercial brokerage, private money lending division, and commercial development. The company owns and manages approximately 3,000, along with retail, office, and storage interests nationwide.
RTI has returned an average of approximately 28% annually, compared to the S&P 500 average of just 10.4% for the same cycle. Moreover, RTI’s real estate investment trusts provides annual gross returns of 11.9%.
This is all in the midst of frequent market turmoil as well. Abassi’s RTI Properties and affiliates have successfully maneuvered investments through stock market crashes and other obstacles, resulting in a resume which has long provided investors with high returns while cutting rates of capital loss. RTI prides itself in capital gains totally billions of dollars across a wide range of United States properties, including those in California, Colorado, Texas and Florida.
Along with serving as president at RTI Property Management, Robert Abassi also finds time to serve on the Board of Directors of Western Commercial Bank in Los Angeles – which he helped found – as well as on the Loan/ALCO Committees.
