Star News

In what could be a troubling effect on the national economy, long-term interest rates continue to rise. To affect a slow and steady residential recovery, it is essential that long term mortgage rates remain low to entice new homebuyers in this expanding rental market. Lower interest rates should reduce the current supply of available residential inventories, which now stand at record levels; and will ultimately encourage continuous absorption. Potential homebuyers as well as most consumers are also impacted by escalating gasoline prices due to a corresponding run-up of crude oil. The average price for a gallon of gas nationwide is $2.69 and is continuing to rise. Historically, oil and other commodities offer a hedge against the weak dollar. Consumers may be in store for a very expensive summer at the pump. We will keep you posted…

Penstar currently has several small, net-leased investments available for sale. The properties, ranging in price from $3 million to $4 million, can be acquired for cash with credit tenants and long-term leases. The yields on an all-cash basis are 7.5% with upside. To discuss, please contact David Stepanchak at (818) 883-9611 or DStep@PenstarAdvisors.com.

Single Tenant and 1031 Investors

Penstar currently has several small, net-leased investments available for sale. The properties, ranging in price from %3 million to $4 million, can be acquired for cash with credit tenants and long-term leases. The yields on an all,cash basis are 7.5% with upside. To discuss, please contact Steven Hamermesh at (818) 883-9609 or Hamer@PenstarAdvisors.com

Helpful Humor

We at Penstar understand the challenges of the commercial real estate business. The best antidote for those challenging transactions is to take a moment to have a hearty laugh. Helpful humor is our way of infusing laughter into your work-week. The anecdotes may not all be real estate themed but we hope you will enjoy them just the same.

“Caught Stealing”

After caught red-handed while stealing a wristwatch from an exclusive jewelry store, a thief attempted to negotiate with the store’s owner. “Listen,” pleaded the thief, “I know you don't want any trouble either.” Why don't I just buy the watch outright, and we forget this entire incident?”

The owner nodded in quiet agreement and prepared the sales receipt. The thief gazed at the receipt in shock, and declared, “This is a little more than I intended to spend.” “Can you show me something less expensive?!”