A History of Innovation
and Commitment

1989:
Anticipating the recovery of the US real estate market after the S&L crisis, Stellar is formed to invest in the early stages of this recovery in select US real estate markets.

1990-93:
Stellar acquires 2500 apartment units in recovering markets across the United States.

1993:
In the midst of Sweden’s financial crisis, Stellar acquires and restructures Bygg Vesta AB, one of that country’s largest privately held real estate companies with more than 40 commercial properties.

1994:
Stellar acquires its first US-based hotel, a 400 room asset in Salt Lake City. 6 months before the US hotel market starts to recover

2000:
Stellar acquires the 350,000 sq ft (32,500 sqm) headquarters building of the international money manager, The Russell Company in Tacoma, WA.

2002:
Stellar becomes a pioneering force in Sweden when it forms a new subsidiary to develop, own and operate rental apartment complexes in the major Swedish metropolitan markets. Prior to this, almost no rental apartments had been built in Sweden since the financial depression in 1993. The first project started construction in late 2004 and the second started in November
of 2005.

2003:
Stellar partners with Lorig Associates of Seattle, WA to develop a multi-use urban infill site in North Seattle. Read case study.

2004:
Stellar establishes a operating team and acquires its first asset in Central Europe, a prime CBD office site in Warsaw, Poland. This acquisition is the first milestone in Stellar’s long-term strategy of identifying niche opportunities in emerging geographic markets that offer substantial growth prospects.

2005:
Stellar acquires a 3 acre site centrally located in Wrocław, one of Poland’s fastest growing cities.

2006:
Stellar works with City of.Wrocław to reformulate a retail development into a quality mixed-use project,in the process winning the city’s approval to increase the building volume on the site eightfold.