About Investment Concepts, Inc.
Investment Concepts, Inc. (ICI) is a developer, property manager, and owner of high-quality apartments and shopping centers in Southern California, Nevada, Oregon, and Arizona. Our mission is to continually invest in properties and people to create high quality, functional developments for our tenants and long-term value for our partners.
Accredited Management Organization
Investment Concepts, Inc. is an Accredited Management Organization (AMO) through the Institute of Real Estate Management (IREM).
Investment Concepts, Inc. was founded in Orange, CA in 1969 by George Chami, a Brooklyn-born CPA specializing in the savings and loan industry. Shortly after its founding, ICI was acquired by Standard Pacific Corporation, which Mr. Chami joined and where he founded its Investment Properties Division. After spending six years in that position and gaining substantial construction and development knowledge, he re-acquired Investment Concepts from Standard Pacific.
Building a Strong Reputation
ICI was founded at a time when the savings and loan industry had substantial holdings of foreclosed real estate. Given the extensive experience of our founder in accounting, finance, and regulatory matters, the company's initial acquisitions involved foreclosed properties acquired directly from Savings and Loan Associations.
These acquired properties required significant management involvement. By establishing investment and operating guidelines and procedures, each property acquired was turned into a profitable investment. The experience gained in the management and turnaround of these (often ill-conceived and poorly built) properties has given ICI an outstanding reputation among its lenders, partners, and tenants.
Over 50 Years of Ongoing Success
Over the years, ICI has used a variety of financial vehicles including tax-exempt bonds, low-income housing tax credits, and other government subsidized loan programs. ICI acquired properties from the former Resolution Trust Corporation during the 1990's and has continued to acquire real estate investments directly from lenders and from private owners.
Since 1975, ICI has developed or purchased projects consisting of:
- 29 Neighborhood Shopping Centers (over 1.8 million sq. ft.)
- 62 Apartment Buildings Totaling Over 7,200 Units
- One Class A Office Building across the street from Cal State Fullerton
- Over 350 Single Family Homes
ICI developed or purchased substantially all of its holdings with partners. Investment Concepts Inc. is responsible for managing all of its investments, and while we have seven full-time Certified Property Managers on staff, we generally do not provide property management for third-party owners. ICI has an office and field staff in excess of 240 people.
By building and maintaining a stellar leadership team, ICI has created a strong foundation for continued growth. Learn more about the company's leaders to see why Investment Concepts Inc. is one of the region's premier commercial and residential development and management companies!