Wednesday, August 3, 2016

AHIT Adds Tucson, AZ Single-Family Homes to its Real Estate Portfolio


As head of American Housing Income Trust, Sean Zarinegar leads a public firm focused on the acquisition, management, and disposition of quality homes throughout the greater Phoenix area. In its previous incarnation as privately held American Realty Partners, Sean Zarinegar pursued the opportunistic strategy of acquiring distressed single-family home rentals and actively managing them as the market took an upward trajectory.

In August of 2015, Sean Zarinegar’s company announced its acquisition of nine single-family homes, with five of them situated in the attractive Tucson market. With each property averaging 1900 square feet, the total price of the transaction was $1.7 million. Six of the properties had one-year leases ongoing, while the others had multi-year leases.

Mr. Zarinegar emphasized that the acquisition brought the firm significantly closer to strategic objectives, with the move bolstering its portfolio to 43 homes spanning Texas, Nevada, and Arizona. Disclosed with the Securities and Exchange Commission, the transaction was particularly important in setting a template for 721 tax-deferred exchanges to go forward.

Full news of the AHIT acquisition can be accessed at http://www.prnewswire.com/news-releases/american-housing-income-trust-acquires-9-additional-homes-300123460.html.

Friday, July 15, 2016

Raising Capital Through Direct Public Offerings


Sean Zarinegar is a seasoned business executive in the real estate investment and management industry. With experience that includes time as president, CEO, and chief financial officer, Sean Zarinegar brings a wealth of industry knowledge to his current company, American Housing Income Trust, Inc. (AHIT).

On June 22, 2016, AHIT announced a $9 million direct public offering (DPO) in order to increase its portfolio of single-family homes. Single-family homes are a core focus of AHIT, which promotes them over apartment rentals as part of a broad corporate strategy, that stresses operational efficiency, housing fundamentals, and disciplined acquisition.

An offering of three million shares at three dollars per share, the DPO AHIT announced is a means of raising capital by marketing shares directly to established contacts. These contacts can include friends, customers, and business partners, among others. A direct public offering is less expensive than an initial public offering (IPO), as the former avoids the fees and banking restrictions of an underwritten method of equity financing. However, the scale of a direct public offering is generally smaller than an IPO.

More information about the company is available at www.ahitrust.com.

Friday, July 8, 2016

Three Ideal Charities for Children


Charity is important to Sean Zarinegar, and so is getting his children involved. Sean Zarinegar understands the value in teaching children about charity, whether they give their time, energy, possessions, or money. When it comes to monetary donations, these three charities are ideal for children because they deal with issues kids can understand and sympathize with.

1. Milk and Bookies – This charity aims to instill in children the importance of reading, while also teaching them the value of charity. The charity gives kids the power to hold book-raiser parties, which are fundraisers for books. Not only does this charity help books reach children in need, but it also gives kids a hands-on approach to the organizational side of charity, as they’re encouraged to plan their own book-raiser and choose the books they donate. Learn more at www.milkandbookies.org.

2. The David Sheldrick Wildlife Trust – What kid doesn’t love animals? As children, we’re all fascinated by them, and keen parents can use that interest to introduce their children to charity. The David Sheldrick Wildlife Trust conserves and protects endangered elephants, giraffes, and rhinos. For $50 a year, parents and children can choose a particular animal to help by browsing photos and videos of the animals, and reading up on their rescue and rehabilitation. Among other things, donors receive monthly updates on the animal’s condition and wellbeing, making this something that will stick with your children all year. For more information, visit www.sheldrickwildlifetrust.org.

3. Feed the Children – No kid child should go hungry, and there’s nobody else kids can relate to more than other children. With their aim to feed children in need, Feed the Children is a good way to teach children compassion and the ability to empathize with others. They can see first hand how difficult their lives would be if they didn’t have enough food, water, or medicine. Find out more by visiting www.feedthechildren.org.

Tuesday, June 7, 2016

A Brief Review of Arizona Fishing Regulations


 real estate and investment professional with experience in the Arizona, Colorado, and Southern California real estate markets, Sean Zarinegar serves as the CEO and chief financial officer of Phoenix-based American Housing Income Trust, Inc. Sean Zarinegar also enjoys fishing in his spare time, a hobby that requires individuals to obtain a fishing license for their respective area. Like some states, Arizona requires anglers to abide by a set of fishing rules and regulations.

Residents and non-residents 10 years of age or older require a license to fish in any body of water accessible to the public in Arizona, although blind residents are exempt from this rule. Children under the age of 10 do not need a license, but must still abide by bag limitations specified by state fishing regulations. Bag limitations vary by fish species, although regulations impose no limit on northern pike, crappie, sunfish, and other species of fish not indicated in the Arizona fishing regulations guide. In addition, regulations list roundtail chub as a catch and release only and certain native fish cannot be fished, including razorback suckers, beautiful shiners, desert pupfish, and Virgin spikedace.

Residents may purchase a fishing license from any licensed dealer found across the state for $37, whereas nonresident licenses cost $55. Resident disabled veterans and persons 70 years of age or older with a residency history of 25 consecutive years may acquire a complimentary license, but only through Arizona Game and Fish Department offices.

For more information about Arizona fishing licenses and requirements, visit www.azgfd.com/fishing.

Wednesday, April 27, 2016

Defining Real Estate Investment Trusts


Sean Zarinegar is a real estate professional with over 25 years of experience leading American Housing Income Trust (AHIT). Focused on real estate projects in Texas, Arizona, and Nevada, Sean Zarinegar seeks to turn AHIT into a Real Estate Investment Trust (REIT).

REITs are securities that invest in large real estate projects and can be traded on the stock exchange. These large-scale real estate projects include hotels, shopping malls, office buildings, apartments, warehouses, resorts, and mortgages.

REITs do not develop properties for sale but simply acquire them and operate them for profit. They offer investors an opportunity to obtain profit generated from real estate without having to purchase individual properties.

REITs are required by law to have at least 100 shareholders, and no five shareholders are allowed to hold more than 50% of the stock. At least 75% of the gross income should be derived from real estate.

REITs are also required to maintain dividend payout ratios at a minimum of 90%. They are allowed to deduct these dividends from their annual tax liabilities, though investors pay tax on these dividends.

Tuesday, April 12, 2016

Volunteer Work Performed in the Spirit of Faith Has Monetary Value



Sean Zarinegar, head of his own real estate investment company in Phoenix, Arizona, gives back to the community where he lives and works. The CEO of American Housing Income Trust, Inc., Sean Zarinegar volunteers his time with a local food bank, local high school sports teams, and his church in the spirit of his Christian faith, which emphasizes serving others.

Although volunteers seek no financial reward for their contributions, their work has real monetary value, according to Independent Sector, a leadership network for nonprofits and other organizations that contribute to the common good.

Independent Sector says the latest estimated value of volunteer time, reported in 2014, was $23.07 per hour. Independent Sector says that this figure is a national average and that estimates vary by state. The estimated value for an hour of volunteer time in Arizona, Mr. Zarinegar’s home state, was between $22 and $24 in 2014. In East and West Coast states such as New York and California, the average was more than $26 an hour.

Independent Sector cites statistics from the Corporation for National and Community Service, which state that Americans donated 7.7 billion hours of volunteer service, valued at $173 billion, in 2013.

More recent estimated values have not been reported. However, the US Bureau of Labor Statistics recently announced that the volunteer rate declined in 2015 by 0.4 percentage points and that about 62.6 million people performed volunteer work through or for an organization between September 2014 and September 2015.

The BLS report identified volunteering by demographic group, with women, married people, and people between the ages of 35 and 54 volunteering at a higher rate than men, unmarried people, and people younger than 35.