Sukoon Halal REIT is the first of its kind in North America. Many REITS only focus on the sharia compliance of investments – we focus on making sure our investments are funded only by equity, and that we pay no debt or interest payments.
Hello!
My name is Ali Chishti, and I am a former strategic executive, entrepreneur, investor and practicing and proud Muslim-American. I’m the founder of the Sukoon Halal REIT.
My professional background includes being a CPA in both Massachusetts and California, as well as being a former Certified Mergers and Acquisitions Advisor.
Beginning my career as an auditor at one of the largest Accounting and Auditing firms in the world, I quickly realized that being an accountant was not my passion and not the right career for me. Leveraging my accounting knowledge into a career in Finance and Corporate Strategy, I quickly became a strategic executive at one of the nation’s largest online wholesale printers. At the age of 32, I led the sales process that resulted in a sale to a large PE firm.
I soon grew tired of the transition from growing entrepreneurial company to PE owned, highly leveraged and short-term target focused company. After a brief crisis of conscience, I decided to leave the corporate world for good.
I have focused on Startups and Real Estate investments since 2019. I have been fortunate enough to have been very successful and gained a lot of knowledge along the way, and now I am eager to help others achieve their financial goals in a manner that is halal, socially conscious and sustainable.
I see tremendous opportunities in the Real Estate sector in the coming years, and I would love to join with and benefit others who wish to invest their money without the guilt and moral quandary that exists in much of the Real Estate industry for practicing Muslims. While many of our operating principles may appeal to Muslims, I have met many non-Muslims who have come to understand that the current highly levered approach that most REITs operate in can be a double-edged sword that ultimately may cause more harm than good.
My free time is devoted to my family which includes my parents, wife and two daughters. I enjoy podcasts and audiobooks, staying active in the local Islamic community and am an avid basketball player and Celtics fan, car enthusiast and generally love learning new things.
Our vision is to be the first and most successful REIT of it’s kind. We anticipate our first fund to raise upwards of $25m to fund the purchase of 10-15 Commercial Properties in the hottest markets in the United States.
Our investment thesis focuses on:
1) Commercial Real Estate – Retail, Medical, Mission Critical Spaces
2) Long-Term NNN Leases
3) Strong Tenants with Solid Financials and track record of financial strength
4) 5%+ Cap rates for high ongoing income
5) Potential for resale upside in 3-5 years
Our goal is to provide 15-20%+ annualized returns to investors. This is a blend of the ongoing income and the gain on disposition. See our case studies for past/current/pending investments.
Our investment principles include, but are not limited to:
1) No interest-bearing debt of any kind being used to finance investments.
2) Investment in buildings that have halal tenants – this means:
Investments will be reviewed with our compliance team to ensure that target facilities meet the requirements.
