David Taran is a firm believer in pursuing a diverse and balanced life. David is a licensed real estate broker in the state of California and a practicing lawyer for California, New York, Florida, and Quebec. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.
Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.
Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.
David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.
Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.
Meaningful, Mindful and Balanced
On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.
David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization’s mission combined with his professional knowledge makes him an invaluable member of the board and his local community.
David’s continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.
Connect with David
Recent Blog Posts from David:
Anyone who knows me, knows I love being able to raise my kids in California. From the swath of outdoor activities and beaches to the the year-round sunshine, what’s not to love? My point is, the golden state is a great place for anyone to live, but people sometimes overlook the fact that it’s an especially great place to start or grow a family.
You can teach your kids to love living active lifestyles without being stunted by the winter blues. You gain access to some of the best schools in the country (a major consideration for any new parent). You also land in an area bustling with opportunity. Are you ready to make a move? Maybe you already live in California, but you’re ready to settle down and start a family. These tips and insights can help you find the perfect place to do just that.
Things to Consider
House hunting is never easy, but that’s only exacerbated when planning it around children. It may be safe enough for a twenty-something, but an industrial loft isn’t usually baby-proofed.
- Price: I’m not surprising anyone when I say that price is a major deciding factor in any real estate purchase, but especially in an expensive area like California. With the housing market booming, many California neighborhoods come with a steep price tag. I encourage you to look for places that seem to be on the cusp. As an early adopter, you can live in a local hotspot a few years down the line, but pay half the price for your home compared to your neighbor who bought after the neighborhood made headlines.
- Crime: Equally important — you want to check the crime rate. Is it higher than normal? Has it been rising in the last few years? If your answer is yes to either of these questions — consider that a major red flag. While no one should assume that crime rates and prices run parallel, you do need to commit yourself to some research.
- Family-Oriented: You found the right home at the right price, but you want to be sure the neighborhood is kid-friendly. Are there other young families on your street? Will you have easy access to local parks or beaches? You want to ask all these questions now so you don’t have to gripe about it later. Also, consider making a few drive-bys at peak times to check your bases. While a seller may mention there are a lot of families in the area, they all may land out of your kids’ age range or keep to themselves. If you investigate for yourself, you’ll have a bit more assurance and peace of mind.
That covers my three main considerations, but obviously, everyone sets a different group of priorities. You can find a more extensive comparison of California areas based on varying factors from WalletHub in this article here.
About the Author: David Taran is a real estate investor based out of California. He is the founder and CEO of Sunstar Capital, where he brings over 26 years of professional experience. David and his company work to build strong foundations between investors in the real estate market to bring about exceptional returns. They specialize in acquiring commercial properties in strategic, high-growth areas to create value through targeted capital improvements and leasing programs.
Originally published at patch.com on May 15, 2018.
Real estate is one of the most common investments among those who are seeking financial stability. But, the question of whether to invest directly in a single physical property or in Real Estate Investment Trusts (REITs) is always lingering. Because a lot of people aren’t familiar with REITs the same way they are with buying a house, they don’t consider the potential there. It makes enough sense – you want to feel like you are making a sound investment and understanding builds confidence. That aside, I think these three points on REITs may just help you build your confidence in the process as an investment strategy:
- 90% Of Profits Distributed As Dividends
- Government Investment Requirements
- Risk Mitigation
90% Of Profits Distributed As Dividends
This is a mandate that attracts many because of the high dividend payout ratio. Not all individual stocks are required to distribute dividends and those that do can stop at any time. This is not the case for REITs which makes them a popular investment for those looking for reliable and sustainable passive investment income. While not all REITs pay off to the same degree, for the most part, they tend to be less risky considering you aren’t solely responsible for a property. This stable profit is often incorporated into a retirement strategy as some REITs pay out monthly dividends as opposed to the majority of stocks that only pay out quarterly dividends.
Government Investment Requirements
To be considered an REIT, the trust must follow a list of mandates set by the federal government in order to stay in compliance. This means that more than three-quarters of the trust must be invested in physical properties, other REITs, or a select group of safe government securities. This ensures that REITs are not making risky investments without informing shareholders. It also allows REITs to be looked at more uniformly than other investments.
Minimizing the amount of risk in investing is a major key to financial success. REITs, if dealt with properly, help to assist in this area as mentioned above. Of course, having a variety of investment types in a portfolio is the single best mitigation tactic, but, when looking at a single investment type, REITs can stack up against the best. Investors that minimize overall risk are typically the most successful in the long term.
Buying a single property not only puts an investor at greater risk, but it also comes associated with far more physical labor and time spent making repairs and finding a lessee for the property. By utilizing REIT’s as part of a balanced investment strategy, you increase the probability of financial success.