Ara Chackerian is a San Francisco based entrepreneur, investor and philanthropist. Over his 25 years in business, he has helped launch companies in the healthcare field. As Managing Partner of ASC Capital Holdings, LLC, he has helped invest in promising companies with exciting and innovative ideas. Ara Chackerian also cares about the community and its people, and has helped fund initiatives to better the lives of others.
One such company which he co-founded and serves as board member is TMS Health Solutions. It specializes in offering alternative treatments to patients with depression and other mental disorders who haven’t responded well to traditional medication. Offering a new treatment called transcranial magnetic stimulation, TMS has been able to help a growing number of patients who would, otherwise, not have seen much hope with their depression. With Ara Chackerian’s investment in the company, they have been able to expand to seven locations in the San Francisco Bay Area and Sacramento. Each facility was built with the patients’ best interest in mind, so they can remain calm and relaxed as they seek treatment. For more details visit Ideamensch.
Ara Chackerian’s contributions extend to outside the United States as well. In 2009 while on a trip with his father in Armenia, he helped establish Nor Luyce, a mentoring program for low income or orphaned girls. It gives young girls the skills and education they need to become successful later in life. The organization has seen tremendous success in the years since been established. A majority of the programs’ funding comes from Ara.
He can also be credited with providing jobs to surrounding communities. Before Ara Chackerian set his sights on Chinandega, Nicaragua, the land had been ravaged by years of cattle grazing. As a result, people were struggling with deforestation. Ara helped establish Limonapa Teak, an environmental-friendly farm that promotes the growth of new trees and produces teak. They are able to create farming jobs for the surrounding community and help the environment slowly recover.
Hussain Sajwani is the founder and CEO (Chief executive Officer) of DAMAC Properties. The company was established in 2002 and it is headquartered in Dubai, the United Arab Emirates. The focus of the company is luxury commercial, residential and leisure properties. A businessman and entrepreneur, Sajwani got his start in the business world by pursing the food industry, particularly the catering industry. He provided catering services to workers in the energy industry in Abu Dhabi. He also provided food service to the United States Military during Operation Desert Storm in 1991. Despite the variety of contracts, he saw low profit margins.
Hussain Sajwani took his food service experience and coupled with his entrepreneurial spirit moved into the real estate development business. He decided real estate and property development was the future. The Sajwani family had previously developed several mid-market hotels. In 2002, DAMAC Properties emerged as a builder of high-end and luxury properties. With an aggressive and off-site marketing plan DAMAC Properties and Hussain Sajwani have found tremendous success with their development endeavors.
Hussain Sajwani is somewhat of a real estate visionary as he for saw the real estate bubble burst in 2008. Even though drop in sales seemed to be typical from time to time as the economy turns, Sajwani was one of the few that saw the seriousness of the event and took immediate steps to get through the crisis without bottoming out financially. Several controls were put in place including controlling costs, being very cash conscience and not getting involved with buyers and other developers experiencing difficulties. DAMAC Properties made it through the crisis without experiencing a lot of difficulties that other developers experienced.
Before Donald Trump was elected President of the United States, Sajwani had partnered with the Trump Organization on several projects including Trump International Course Dubai. Sajwani also has established a working relationship with the three Trump children, Donald, Jr, Ivanka and Eric. Sajwani finds the children very protective of the Trump brand and will not do anything to compromise the brand. With the children running the day to day operations of the Trump Organization, Hussain Sajwani sees a positive collaboration between the Trump Organization and DAMAC Properties.