Scott Dahin, CCIM, leads a small team at KW Commercial – Heritage Commercial Realty, LLC in Altamonte Springs as a Vice President and Senior Associate; but his passion for commercial real estate investment doesn’t stop there.
“I also am a VP and Director of Acquisitions of an investment company, Home Star Properties LLC, which owns and manages 5 self-storage properties in three different states,” Dahin explains.
He recently managed the purchase of the Self-Storage Facility located at 4500 Lipscomb St in Palm Bay. The 195 units of traditional drive up self-storage and 33,100 rentable square feet was purchased from Crecco Properties by Home Star Properties in late March. It is a perfect addition to Home Star’s growing portfolio, Dahin believes.
“We are looking to grow the company with the addition of 2,000 more units being added to the portfolio,” the Fort Myers native explained. “We are looking for investing partners and more properties to purchase so ask everyone (in the chapter) to keep an eye out and send them over for underwriting,” he adds.
Dahin says that his CCIM training in investment analysis is paying off big time, since Home Star Properties specializes in locating, purchasing, and managing self-storage facilities and multi-family apartment buildings. Their approach to purchasing these properties, Dahin explains, is conservative in nature to greatly increase the probability in obtaining a higher rate of return on the investments. They also seek to capitalize on the “value added” component they identify on each property to subsequently increase the returns during the average holding period of 5 years.
In addition to his CCIM membership with The Institute and The Florida Chapter, Scott is a member of the Central Florida Commercial Association of Realtors (CFCAR) and the Florida Self Storage Association. (FSSA) While new to Home Star Properties, Scott brings self-storage brokerage experience to the table and works closely with Lawrence Murphy on property acquisitions and dispositions.