Shelter Asset Management is a real estate development and advisory company headquartered in Los Angeles. Manned by a team that has decades of experience in the real estate industry, the company has the expertise and market knowledge necessary to conceive and execute development and acquisition projects to success.
Shelter Asset Management seeks real estate investment opportunities in metropolitan areas such as Northern and Southern California; Portland, Oregon; Phoenix, Arizona; and Seattle and Vancouver, Washington. Within these metropolitan areas, the company seeks out value-add mid-rise and high-rise properties with at least 100 units. It bases its investments on sound principles like affordability, capital appreciation, and rental yield potential. Rental yield is a percentage indicator of how much income a property generates over its cost. It represents the return on investment a property generates for its owners. Rental yield is calculated by taking a property’s annual income, dividing it by the cost of the property, and multiplying by 100 to give a percentage. For example, if the monthly rent of a property is $2,000, its annual rental income is $24,000 ($2,000*12). If it cost the owner $480,000 to buy the property, then its rental yield will be 5 percent ([$24,000/$480,000]*100). While this is the straightforward method of calculating rental yield, it only gives gross rental yield, since it ignores the costs associated with owning and renting property. These include taxes, insurance, management fees, repairs and renovations, vacancy costs, and mortgage repayments for properties purchased with debt. These costs reduce a property’s rental income and should, therefore, be factored into the calculation of rental yield to arrive at net rental yield. Net rental yield factors in all the costs of owning a property. It is calculated by taking a property’s annual income, subtracting the total annual costs associated with it, then dividing the result by the purchase price of the property and multiplying by 100. Take the example above. Suppose the property’s annual costs totaled $6,000. The net rental yield would be 3.75 percent ([$24,000-$6,000/$480,0000]*100). Rental yield has plenty of practical uses. For example, investors can use it to calculate how long it will take to break even on their investment. This is when their net yield will total 100 percent. If a property has a net yield of 5 percent, it will take 20 years (100%/5%) for the investor to recoup his or her purchase cost. If the yield is 8 percent, it will take 12.5 years (100%/8%). Investors can also use rental yield to compare the profitability of specific investments in different regions or to determine how much they need to charge in monthly rent to realize a desired return on investment. Furthermore, investors who intend to use debt to purchase property can use rental yield to choose between the loans offered by different lenders. Ideally, rental yield should be much higher than the loan’s interest rate for an investment to be profitable. Notably, while the examples above give definite figures for monthly rent and annual costs, in practice, investors often do not have these values figured out at the negotiation stage, before buying a property. Ironically, this is when they need the data the most. As a result, many investors fall back on estimates. For example, they can look up similar properties in an area to determine the average monthly rent and then inspect the property to estimate how much they will pay for repairs and renovations. It takes skill and experience to correctly estimate the rental yield on a property before purchase. That is why investors should use the services of real estate advisory companies like Shelter Asset Management.
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With experience in the hospitality and real estate industries, Stuart Hansen has extensive experience in real estate and managing investments of investors from China to the United States. Stuart Hansen serves as vice president of Marquee Asset Management, a Los Angeles, California-based company dedicated to helping investors from China and other countries identify promising real estate investments in the United States.
Marquee Asset Management is owned by Allan Drewlo who also provides oversight to Drewlo Holdings, Shelter Asset Management, and Ironstone Condos. In the fall of 2020, Ironstone Condos launched the #Ironstone Impact to give back to the community by donating $10,000 every week to 10-area organizations up to $100,000. The money donated to Fanshawe College would actually go toward supporting students attending the Construction Engineering Technology and Construction Project Management programs. This particular donation was to help support future generations of builders in the London area. More specifically, the staff at Ironstone wanted to be a part of facilitating access to the construction trades in the city through education. Fanshawe College President Peter Devlin commended the firm in its effort toward supporting students who want to enter construction trades. According to President Devlin, this contribution would be instrumental in helping students achieve their educational aspirations. With a career spanning over 30 years, Stuart Hansen serves as the vice president of Marquee Asset Management, where he oversees the management and administrative support team in California. In this role, Stuart Hansen coordinates with investors from China, Japan, and other Pacific Rim countries to identify real estate investment opportunities in the United States.
Marquee Asset Management is a subsidiary of Drewco Development Corp, which is owned by Allan Drewlo who also operates Drewlo Holdings, a family-owned business that develops and manages apartment buildings in Southwestern Ontario including Country Hill Estates in Kitchener. Located of Homer Watson Boulevard, Country Hill Estates offers one, two, and three-bedroom apartment suites that include balconies, walk-in closets, carpeted floors, and eat-in kitchens. The building itself features amenities such as a fitness room, a social room, an indoor saltwater pool, a hot tub and sauna, and underground parking. The Country Hill Estates apartment building has easy access to public transit and schools. Stuart Hansen serves as a vice president of Marquee Asset Management, LLC, where he manages international investments from China, Japan and other Asian countries. Marquee is a subsidiary of Drewco Development Corp. of Canada, and part of the Drewlo Family of Companies. Ironstone Built is also a Drewco related company, and responsible for the construction of new homes in London, Ontario.
In business since 2010, Ironstone offers outstanding homes at reasonable prices. Managed by executives with 40 years of combined experience in construction and development, Ironstone has made many attractive features standard on their new home builds. For instance, the homes have a brick veneer around the main floor, and low-emissivity vinyl windows are used throughout the structures. Additionally, the homes have private front and back yards that come fully sodded. On the interior, Ironstone homes feature a high-efficiency natural gas forced-air furnace, hardwired smoke detector on each floor, and a carbon monoxide detector on bedroom floors. Homeowners also have the option to obtain a natural gas fired hot water heater to increase their home’s efficiency. With a career spanning over 25 years in the hospitality and real estate industries, Stuart Hansen serves as vice president at Marquee Asset Management LLC in California while fostering investment partnerships in China. In this role, Stuart Hansen is responsible for managing the daily operations and the international relations of the company with investors from China and other Asian countries. Stuart Hansen reports directly to Allan Drewlo, owner of Drewlo Holdings, a company that develops and manages apartments, subdivisions, and commercial spaces in five cities in Southwestern Ontario. One of the commercial spaces that Drewlo Holdings owns is City Place in London, Ontario. Located at 320 Dundas Street, City Place is a high profile office and retail space in the heart of London’s downtown. City Place is surrounded by downtown amenities such as Citi Plaza, the London Public Library, London Convention Centre, Covent Garden Market, Goodlife Fitness, and the VIA Rail Station. The building features a unique architectural design with upgraded finishes and an abundance of natural light. It also offers store-front parking and monthly on-site parking. Visit https://www.drewloholdings.com/ to learn more. Stuart Hansen serves as vice president of Marquee Asset Management, LLC, in California. Marquee’s management team has extensive experience in China and the Asia Pacific. Catering to investors from China and other Asian countries, Stuart Hansen’s firm was established to engage in long-term opportunities brought about by the California credit and housing crisis. The firm is a division of Drewco Development Corporation and serves as the entry vehicle for Drewco’s real estate foray into the United States. From California, Marquee seeks out real estate development opportunities across the country. Drewco is part of Drewlo Holdings Inc., a private, family-owned enterprise that has been building and managing apartment facilities in southwestern Ontario for more than half a century. Over the decades, Drewlo has developed a strong reputation as a leading landlord. The firm has in excess of 8,000 tenants in Canada, and to properly serve its clients, it employs an in-house maintenance and landscaping staff. In his role as vice president of international investments Drewco Development Corporation, Stuart Hansen has corresponded with investors from China and Japan to support the firm’s real estate transactions in North America. Leveraging these connections with China, Stuart Hansen has helped Drewco facilitate a number of prolific real estate ventures, including Ironstone Building Company. Driven by a dedication to providing excellent customer service and affordable pricing, Ironstone develops quality homes for the residents of London, Ontario. Since its inception in 2010, the company has built several local housing communities just outside of the city. Ironstone’s most recent community, Napa, is located near London’s Hyde Park Road. In its design, the development combines a sleek, modern look with the aesthetic of homes in California. These single-family houses range in size from 1530 square feet to 1654 square feet. Homeowners can also choose between two or three-bedroom models. Regardless of size, however, homes in the Napa community start at prices in the mid $300,000s. One of Ironstone’s most popular housing developments is Oakridge Crossings. This sold-out community boasts 10 impressive floor plans, which span from 1250 square feet to 2475 square feet. As such, houses in this development offer better variety for homeowners. International investment professional Stuart Hansen leads divisions for Marquee Asset Management that deal with investors across China and Japan. Stuart Hansen serves as the vice president of Drewco Development Corp, where he identifies investment opportunities for investors in China. Marquee Asset Management is a part of the Drewlo family of companies, which builds and manages apartments in Ontario, Canada, including City Place. One of the city’s tallest luxury residential buildings, City Place treats residents to remarkable panoramic views of the surrounding area. The building offers one- and two-bedroom units with a range of floor plans between 814 and 1,410 square feet. Units include a private balcony and all two-bedrooms feature a master bathroom. Some units also offer a laundry and storage area. Residents may also take advantage of the building’s various community features and amenities, including bike storage, the fitness room, indoor saltwater pool, and social room. City Place is located in the heart of London, Ontario, placing residents within walking distance of Victoria Park, Budweiser Gardens, and numerous restaurants, shops, and night life establishments. 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. 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. |
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
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