Seth Eslami- THE TOP 100 1 Nov 2019, 2:44 pm

Seth Eslami takes pride in truly listening to the needs of his clients and providing top notch service at a lower cost. He is adeptly skilled at creatively finding the most cost efficient ways to get things done.

​Seth Eslami takes pride in truly listening to the needs of his clients and providing top notch service at a lower cost. He is adeptly skilled at creatively finding the most cost efficient ways to get things done.

As the vice president of Stellar International, a privately held commercial real estate company based in Houston, Texas, Seth was instrumental in the development of the company and currently manages operations while focusing on business growth.

Stellar International Commercial Real Estate LLC is managed by a diverse group of innovative individuals, who are committed to developing and implementing ideas and strategies in the commercial real estate market. Their comprehensive range of services includes commercial and residential property management, asset management and construction and project management. With a diverse background in property management, the team effectively evaluates “the way things have always been done” and provides a fresh approach towards ownership and tenant needs. Seth and his team are extremely focused on maintaining and improving assets through cost-effective measures to ensure tenant retention remains at the forefront of everything they do.

Seth is also the asset manager for 1225 North Loop Investments, Inc., a commercial office building where in addition to managing the property, he oversees all leasing decisions. Seth explains that creativity is the key to getting things done the right way and adds, “I am very good at finding ways to make things happen. I do extensive research in order to find the most efficient and the most cost effective way possible while maintaining the quality and level of service.”

Seth successfully managed the very first commercial office PACE (Property Assessed Clean Energy) project in the state of Texas. This was a $1.3 million dollar project that provided carbon sequestration equivalent to 29,895 tree seedlings grown over ten years, or 1,359 acres of U.S. forests in one year at no additional cost to the owner!

Prior to his role at Stellar International, Seth worked in the residential high-rise property for nine years, where he gained valuable experience and knowledge of HOA management strategies. As a result, his business today is one of the very few management companies who can successfully manage both commercial and residential properties.

Seth’s academic education in civil engineering provided him with a strong foundation and understanding of mathematics and the mechanical structure and aspects of a building. He has also lived in numerous countries around the world, which gives him a diverse and fresh perspective on positively dealing with all different types of people.

In addition to his professional accomplishments, Seth is involved with various organizations, including the Houston BOMA (Building Owners and Managers Association) Editorial Committee, the Community Association Institute and the High Rise Advisory Council. He is also a frequent panelist for many local environmental discussions in the Houston area.

Seth is especially focused on corporate responsibility and ethics. He incorporates several principles into his day-to-day activities, including:

Saving the earth; “This should not be considered a nonprofit begging for donations and volunteers. Save energy, save money, and save the planet at the same time.”

Flexibility: “I listen to the owners and try to understand their concerns and needs, then develop a plan to fit those concerns and needs based on their budget and assets.”

Value: “I strongly believe in providing the best possible value. This doesn’t necessarily mean the lowest cost.

High standards; “I have very high standards for myself and hold myself responsible for reaching them.”

Seth Eslami

Vice President | Asset Manager

Stellar International

North Loop Investments, Inc.

1225 North Loop West, Suite 225, Houston, Texas 77008

www.stellaricre.com

Petros PACE Finance Helps Stellar 14 Jul 2018, 2:25 pm

Petros PACE Finance Helps Stellar International Save $183,000 a Year.

The Challenge:

Stellar International needed to make costly efficiency upgrades to 1225 North Loop West, an 11-story office tower. After 30 years, the building’s mechanical and lighting systems were approaching the end of their useful life.

Read entire article:

https://www.petros-pace.com/wp-content/uploads/2019/10/PetrosPace-Sales-Kit-Case-Study-North-Loop-01-07.pdf

Texas Pace Case Study 24 Dec 2016, 2:28 pm

1225 North Loop Investments, Inc. utilized the City of Houston’s PACE program to invest $1.3M in property upgrades, making 1225 North Loop West the first commercial office building to implement a TX-PACE project.

THE PROBLEM:
The 1984 commercial office high-rise had 35-year-old chillers, an antiquated control system, and inefficient lighting. The chiller replacement parts were costly and difficult to find and the ongoing reliability issues of the aging equipment were haunting for staff and ownership. Management explored replacement options but hesitated at the substantial upfront capital outlay.
According to the US Energy Information Administration, the average office building spends $1.51 per square foot on energy costs. Just slightly above the nationwide average, the property’s management initiated a preliminary energy analysis and concluded that upgrading the aging equipment using operational savings created a realistic opportunity.

THE PACE SOLUTION:
John Myers, President of Peloton Commercial Real Estate, introduced the TX-PACE concept to the former General Manager, Alessandro Clerici, at 1225 North Loop Investments. As a Keeping PACE in Texas member who helped create the PACE in a Box toolkit, Myers suggested utilizing TX-PACE to redirect current utility expenses and eliminate the need for diverting core capital. The savings report indicated that the priority mechanical equipment would qualify for the program if it was paired with the inclusion of LED lighting throughout the entire facility. By grouping together efficiency measures with short and long-term paybacks, the projected energy savings would exceed the cost of the project over the 20-year term. The project includes two new chillers, variable speed drives, air handlers, interior and exterior LED lighting, and building controls. The project will reduce utility consumption by 38% and provide $3.66 million in savings over the 20-year term. The lasting benefits of steadier budgets, more comfortable work environments, and diminished equipment emergencies will positively impact both ownership and tenants. Property Manager Seth Eslami explains, “Our priority was the mechanical equipment upgrade. The efficiency component was just an added benefit. I am hopeful that
this project will help more people see that TX-PACE is not a typical ‘green’ program focused solely on saving the environment, but instead has a focus on improving the financial side of a business. TX-PACE can upgrade a building and can pay for itself.”

COMMUNITY IMPACT:
“Houston is the energy capital of the world and has a responsibility to lead by example and use our energy resources as efficiently as possible,” said Houston Mayor Sylvester Turner.

source: https://www.texaspaceauthority.org/