Starboard Realty Advisors Company Profile

Background

Starboard Realty Advisors, LLC, headquartered in Irvine, California, is a privately held, fully integrated real estate investment firm specializing in the acquisition, development, and management of multifamily and commercial properties across the United States. Founded in 2014, the company is driven by a mission to build wealth for investors by identifying well-located assets with growth potential. With nearly 40 years of combined experience, Starboard's principals have demonstrated expertise in acquiring, developing, leasing, repositioning, managing, financing, and disposing of retail, multifamily, office, and industrial real estate.

Key Strategic Focus

Starboard Realty Advisors focuses on acquiring stabilized and value-add opportunities in multifamily and retail properties to achieve optimal returns. The company targets secondary and tertiary markets across multiple states to capture growth potential. Additionally, Starboard emphasizes single-tenant retail or restaurant properties with long-term leases to ensure consistent cash flow. Their adaptive investment approach allows them to continuously evolve strategies to align with changing market conditions and capitalize on emerging opportunities.

Financials and Funding

Since its inception, Starboard Realty Advisors has completed acquisitions totaling over $608 million, encompassing more than 2,115 multifamily units. The firm's investment structures include Limited Liability Companies (LLCs), Delaware Statutory Trusts (DSTs), Tenant In Common (TIC) arrangements, and Private Real Estate Investment Trusts (REITs). These structures cater to a diverse range of investors, including accredited individuals and institutional partners.

Pipeline Development

Starboard's recent acquisitions reflect its strategic focus on high-growth markets:

Arden Woods Apartment Community: Acquired in April 2022, this 308-unit, Class A garden-style community is located in Spring, Texas. The property offers contemporary living with a mix of 1-, 2-, and 3-bedroom apartments and a range of amenities.

Silver Oaks: Acquired in May 2022, this 336-unit, Class A garden-style apartment community is situated in Gonzales, Louisiana. The property features modern units and high-end community amenities.

The Dylan: Acquired in December 2021, this 227-unit garden-style apartment community is located in Fort Worth, Texas. The property consists of a mix of studio, 1-, 2-, 3-bedroom, and townhome-style units with high-end finishes and modern amenities.

Presidio at River East: Acquired in December 2021, this 140-unit garden-style community is located in Fort Worth, Texas. The property offers a mix of studios, 1-bedroom, and 2-bedroom units with modern features and community amenities.

Technological Platform and Innovation

Starboard Realty Advisors leverages a comprehensive, fully integrated real estate investment platform that encompasses the entire investment lifecycle. This includes strategic asset acquisition, proactive management, and adaptive investment approaches. The firm's proprietary methodologies focus on identifying well-located properties with growth potential, aiming to acquire assets below replacement cost and enhance value through strategic improvements and efficient management.

Leadership Team

William H. Winn Jr.: Chief Executive Officer & Co-Founder

With over 31 years of experience in commercial real estate, Mr. Winn has led Starboard Realty Advisors since its founding in 2014. Previously, he served as President at Passco Real Estate Enterprises and CEO of ValueRock Realty Partners.

Stephen J. Carlton: Partner & Co-Founder

Mr. Carlton brings two decades of industry experience, overseeing equity raising, strategic development, asset management, and development endeavors at Starboard. Prior to co-founding the company, he held positions at Value Rock Partners and The Wilder Companies.

Daniel De Leon: President & Chief Operating Officer

Mr. De Leon plays a pivotal role in overseeing the company's operations and strategic initiatives. His extensive experience contributes to the firm's growth and operational efficiency.

Mani Dilmaghanian: Vice President of Acquisitions

Mr. Dilmaghanian is responsible for identifying and executing acquisition opportunities, leveraging his expertise to expand the company's portfolio.

Mark Jennings: Chief Financial Officer

Mr. Jennings oversees the financial operations of Starboard Realty Advisors, ensuring fiscal responsibility and strategic financial planning.

Bradford Long: Vice President of Asset Management

Mr. Long manages the company's asset portfolio, focusing on maximizing value and operational performance.

Sean Woods: Director of Development

Mr. Woods leads development projects, overseeing the planning and execution of new initiatives to enhance the company's property offerings.

Competitor Profile

Market Insights and Dynamics

The real estate investment sector is characterized by significant competition, with numerous firms vying for attractive assets and investor capital. The market is influenced by factors such as economic conditions, interest rates, and demographic trends, which impact property values and investment returns.

Competitor Analysis

Starboard Realty Advisors operates in a competitive landscape alongside firms such as Zameen.com, Godrej Properties, Vitta Residencial, and Rawson Property Group. These companies offer real estate services across various sectors, including residential and commercial properties. While each competitor has its unique focus and market presence, Starboard differentiates itself through its integrated investment platform and strategic focus on multifamily and retail properties in secondary and tertiary markets.

Strategic Collaborations and Partnerships

Starboard Realty Advisors collaborates with various stakeholders, including brokers, sellers, retailers, and tenants, to identify and execute investment opportunities. The firm's network of relationships facilitates access to attractive assets and enhances its ability to manage and reposition properties effectively.

Operational Insights

Starboard's strategic considerations include targeting properties in high-growth markets with favorable demographic trends. The company's focus on acquiring assets below replacement cost and implementing value-add strategies positions it to achieve attractive returns for investors. Additionally, Starboard's integrated platform allows for efficient management and operation of its property portfolio.

Strategic Opportunities and Future Directions

Looking ahead, Starboard Realty Advisors aims to continue expanding its portfolio through strategic acquisitions in high-growth markets. The company plans to leverage its expertise in identifying value-add opportunities and implementing operational improvements to enhance property performance. By maintaining a disciplined investment approach and adapting to evolving market conditions, Starboard seeks to deliver sustained value to its investors.