Boustead Securities, LLC (“Boustead”) client, Rastegar Property Company, a vertically integrated real estate company based in Austin, Texas, is featured in the GlobeSt article, "Austin Nabs Tesla Gigafactory Spot But Much More."
Ari Rastegar, founder and CEO of Rastegar Property Company, spoke with GlobeSt about Tesla's announcement to build the company's latest gigafactory in Austin, Texas. "This is the game changer of all game changers" Rastegar tells GlobeSt.com. "This is going to make Austin unworldly on the global stage.”
According to Elon Musk, "the newest Tesla factory will focus primarily on the company’s all-electric pickup vehicle, the Cybertruck, but also manufacture the automaker’s Semi, Model 3 and Model Y vehicles for the eastern half of North America."
“The profundity of Tesla moving to Austin is so much greater than just simply a company of Tesla’s status moving to Austin in an isolated incident,” says Rastegar. “When you take companies such as Google having their second largest office in the world, Apple with their 140-acre campus, Dell being in Round Rock, Oracle’s new major campus, Amazon’s acquisition in Whole Foods (being an Austin-based company), as well as Facebook, all of that together created this massive synergy for what Austin is becoming. Tesla adding the gigafactory is the linchpin. That’s the final moment where we now know that Austin is the next San Francisco.”
Tesla Global Headquarters In Austin?
Rastegar foresees more Austin news from Tesla: “We believe that they’ll eventually move their global headquarters as well after this $1.1 billion acquisition. We understand the corridor off of 130 in Del Valle very well as we own 50 acres about five minutes away from the site and have done extensive research on the area. It’s going to invigorate that entire corridor, bringing homes and jobs,” Rastegar tells GlobeSt.com.
“But what’s most interesting, is all the companies that support Tesla and all the ancillary mechanical parts that go into building the gigafactory products are what’s going to cause another huge surge in jobs and another huge surge in real estate prices in areas that normally didn’t have them. This is the game changer of all game changers. This is going to make Austin unworldly on the global stage.”
Read the full GlobeSt.com article here.
About Rastegar Property Company
Rastegar Property Company is a vertically-integrated real estate company that believes in putting investors first. This philosophy is founded on: building portfolios positioned to generate above market current income and maintain objectives of long-term capital appreciation; cultivating long-term relationships with investors, partners, and organizations; and utilizing the most up-to-date technology and data analysis available. For more information, please visit our website at www.rastegarproperty.com.
About Boustead Securities, LLC
Boustead Securities, LLC (“Boustead”) is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information, please visit www.boustead1828.com.
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