A California-based property development executive with experience in the US, Canada, Japan and China, Stuart Hansen serves as vice president of both Marquee Management, LLC, and its parent company, Drewco Development Corp. He is a graduate of Western University in London, Ontario. While a student there, Stuart Hansen received an academic scholarship from the university’s Richard Ivey Business School. In 1998, Western University’s business school expanded to include Ivey Asia, an international business program located in Hong Kong, bordering mainland China. Housed inside the Hong Kong Convention and Exhibition Centre (HKCEC), Ivey Asia, also called the Cheng Yu Tung Management Institute, represents the first institute of its kind with a permanent campus in Greater Asia. Centrally located on Victoria Harbour, the Cheng Yu Tung Management Institute includes two amphitheater style classrooms, each with a 100 student capacity, eleven breakout rooms, and a lounge area to facilitate student gatherings. The 6,300 square foot institute offers students the latest in education technology, with state-of-the-art global video conferencing, WiFi, and access to the Ivey electronic library throughout the facility.
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Stuart Hansen serves as vice president of Marquee Asset Management, part of the Drewlo family of companies with historic ties to Japan and China. With Chinese buyers dominating the Canadian home sales market and now Chinese buyers replicating that trend in the U.S., Stuart Hansen is trying to replicated Ironstone's home building success in the U.S. Since 2010, the Ironstone Building Company has brought beautiful homes at affordable prices to the people of London, Ontario. The firm's management team possesses more than 40 years of experience, has successfully completed several hundred homes through other companies. Ironstone sets itself apart from other builders by including industry upgrades in their standard designs. In addition to top-tier tile and plumbing fixtures, nearly all of the company's homes come with hardwood flooring in main living areas. Homeowners can also choose to have hardwood floors in bedrooms and other areas if they desire. Sourced locally from Canadian-owned company BreezeWood Floors, the wood selected is sustainably milled right at home in Canada. The vice president of Marquee Asset Management, LLC, Stuart Hansen has gained experience working within international real estate markets, including those in Japan and China. As Marquee’s vice president, Stuart Hansen is responsible for the oversight of operations of a real estate development firm that focuses on projects in California. He draws on the experience he gained in Japan and China to carry out his responsibilities. In some instances, the professions of real estate property managers and asset managers are thought to be similar, but the two have important distinctions that set them apart from each other. While professionals at a property management focus on making an existing property physically appealing to prospective tenants, asset managers are focused on acquiring and investing in the right assets and finding a way to make real estate as profitable as possible for the owners/investors. Where the property manager is more focused on the day-to-day operations of the property, the asset manager is focused on financially balancing the property to create a strong investment portfolio. An asset manager conducts extensive market research to determine the right rental prices and may focus his or her knowledge on specific types of real estate properties or geographic regions. Using this information, the asset manager can then recommend real estate prices that don’t alienate tenants, but still drive revenue and reduce the likelihood of vacancies. Asset managers and property managers often work together to achieve their separate, but related, goals for a property. |
AuthorStuart Hansen is a respected real estate advisor who works with a team of experienced executives with links spanning China and the Asian markets. Archives
October 2023
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