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Inside One Man's Quest to Save a National Retailer

Why a Houston Real Estate Investor Wants to Salvage Stage Stores

Stage Stores, which is based in Houston's Uptown-Galleria area, is moving through liquidation. (CoStar)
Stage Stores, which is based in Houston's Uptown-Galleria area, is moving through liquidation. (CoStar)

Many teenagers want a car when they turn 16. Ali Choudhri wanted a house. With the help of his father, Choudhri bought his first piece of real estate in the 1990s, paying about $16,000 for an East Houston home in a foreclosure auction. He renovated the property for what he estimates was eventually a $50,000 profit.

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