A Legacy of Excellence in Real Estate Development
Still Property Group (SPG) stands at the forefront of the real estate investment and development landscape with an exceptional track record and a forward-thinking approach to solving one of the nation’s most pressing issues: the housing shortage. With over 50 years of combined real estate experience and $10 billion in completed transactions, the SPG Team has established itself as a fully integrated owner, investor, and developer operating in some of the most competitive and supply-constrained markets across the United States.
The company is not just about profitable transactions — it’s about creating long-term value through innovative solutions that make a real difference in communities. SPG leverages its deep expertise and multi-disciplinary approach to source, structure, and execute intricate deals that others might shy away from. Whether it’s transforming underutilized office buildings or converting older hotels into vibrant residential communities, SPG has demonstrated the ability to navigate complex real estate landscapes and deliver results that benefit both investors and the communities they serve. For example, transforming a 330 room hotel bill 50 years ago into a vibrant apartment complex that provides exceptional amenities but at nominally affordable rents that also deliver oversized returns to investors.
Tackling the Housing Crisis with Adaptive Reuse and Conversion Projects
The United States is facing an unprecedented housing shortage, and Still Property Group is determined to be part of the solution. The company focuses on adaptive reuse and conversion projects, which allow it to breathe new life into underperforming properties and repurpose them for today’s housing needs. By identifying underutilized hotels, vacant office buildings, and aging multifamily rental properties, SPG is able to unlock hidden potential and create much-needed housing in supply-constrained markets such as California, Florida among other locations. But the key to success is to manage the projects carefully to minimize costs and time which reduce risks and maximizes returns for investors.
Investment Strategies: Diversified, Scalable, and Impactful
At the core of SPG’s approach are investment strategies that focus on delivering both immediate and long-term value:
Conversion of Hotel and Office Assets into Residential Properties: SPG identifies underperforming hotel and office building assets in markets with high demand for housing. These properties are often located in prime urban locations, making them ideal candidates for conversion into residential units. The company’s extensive expertise allows them to see the hidden potential in these underutilized properties, creating multi-family housing options or affordable condominiums that help meet the rising demand for homes in competitive urban markets.
SPG also targets underperforming assets in all classes — properties that are not meeting their full potential in terms of occupancy or financial performance. By investing in strategic improvements, SPG adds significant value to these properties, repositioning them as desirable homes that offer more affordable rents and potentially homeownership through purchase. These conversions are carefully planned to maximize the property’s value and appeal, ensuring that they align with local market demand for moderately priced housing.
Ready to explore investment opportunities with Still Property Group? Reach out to us today to learn more.