Stable Development expands Shared Equity Program for building ownership in Las Vegas
Stable Development, a Las Vegas-based real estate developer, has pioneered a model for business owners to build equity in commercial property. Instead of paying rent to a landlord, clients of Stable Development’s Shared Equity Program receive ownership in the building they occupy, essentially becoming their own landlord.
What’s unique about the Shared Equity Program is that it doesn’t require these new commercial property owners to make down payments or guarantee loans.
To further expand the development of the Shared Equity Program, Stable Development recently hired Michael Young and Ryan Gould as team members. Young and Gould will manage and raise awareness of the Shared Equity Program throughout the Las Vegas Valley and nationwide.
The latest example of Stable Development’s Shared Equity Program is Corporate Center at the Curve, next to the I-215 beltway at Sunset Road where a few dozen business owners have signed 10-year occupancy agreements in exchange for a portion of ownership in one of the eight Corporate Center at the Curve buildings.
Stable Development partners with the tenant/owners to create custom office space with generous tenant improvement allowances.
The developer’s unique Shared Equity Program offers the benefits of real estate ownership to occupants of Stable Development properties. These benefits include: income from rent payments, profits from the sale of the buildings and tax benefits. Most importantly, Stable Development provides the capital and guarantees all loans.
Stable Development currently owns prime locations in the Las Vegas metro area available for occupancy and ownership through its Shared Equity Program. Business owners interested in sharing building equity should visit StableDevelopment.com or contact Ryan Gould at 702-735-5532.
