History of Innovative by CEO
Richard Stromberg – Innovative Real Estate
Richard Stromberg is the founder and President of Innovative Real Estate, Inc. From the age of fourteen, Richard has devoted his life to a career in the real estate industry. Richard’s first Southern California multi-family acquisition occurred in 1979. Over the next eight years, he assembled several real estate investment portfolios and in 1987 Innovative Real Estate, Inc. had arrived. Richard created a company with complete real estate services “under one roof” to oversee his investments.
Today, Richard has been involved in the sales, acquisitions and management of several thousand units and over one million square feet of commercial offices and retail projects.
Richard’s experience allows him to identify added-value projects that have value enhancement potential as a result of strategic capital improvements, reconfiguration of dwelling spaces and cosmetic upgrades. Richard’s construction experience is quite extensive. He has rehabilitated thousands of apartment units as well as single-family residences and commercial office buildings including “ground-up” development projects. Additionally, Richard has developed the expertise through experience to turn-around troubled or chronically problematic management situations. He has even had success with properties located in some of the most undesirable neighborhoods in California. Due to extensive management experience, Richard has been retained in nearly 200 California State Court receivership appointments throughout Southern California. Such appointments have been for the benefit of most major lending institution in Southern California.
Richard continues to utilize his experience to acquire and reposition “tired and troubled” properties throughout the greater Los Angeles markets. He has been exceedingly active over the past few years and has consistently closed new projects each year.
Given the dynamic current real estate market place coupled with Richard’s knowledge and visionary insights and innovative concepts, Richard’s real estate investments have consistently been proven profitable. Each project is carefully analyzed to assure realistic expectations.
We are active and resourceful in developing proactive investment strategies for our aquisitions. We are generous with our skills, tapping our collective initiative and creativity to provide financial solutions.
We are committed to understanding incrased income streams throughrevenue & needs to generate the potential for the most profitable returns. We believe honest communications and respect go far in creating long-term, trusting relationships.
We are confident in our abilities, proud of what we do. It’s the kind of certainty born of experience, training and knowledge; the kind that allows us to take calculated risks and reap the many results.
We are collaborative, working together as an efficient, dynamic team. Individually, each member of Innovative Real Estate is a skilled practitioner. Each challenges the others to deliver exceptional service. As a result, we stand apart from the rest in the real estate investment field.