Universe Holdings: Real Estate Investments, Management and Development

In The Press

How Investors Are Preparing For Costa Hawkins

GlobeSt.com, June 26, 2018

Universe Holdings is buying rent control properties to prepare for the potential repeal of Costa Hawkins. Read More.

Where Universe Holdings Sees Better Yields

GlobeSt.com, June 12, 2018

Universe Holdings is strategically shifting its investment focus to large multifamily assets, upwards of 200 units; sees growing opportunities in large assets and less competition. Read More.

Universe Holdings Joint Ventures with Hanover Financial on $100 MIllion Apartment Buy in Ventura

Multifamily Biz, May 17, 2018

The acquisition of Capes at Ventura represents one of the largest transactions for Universe in the last several years and signals the firm’s renewed appetite for larger and more complex transactions, according to company Chairman and CEO Henry Manoucheri. Read More.

Ventura Multifamily Records $100M Sale

The Real Deal, May 16, 2018

A 400-unit apartment complex in the city of Ventura changed hands for $100 million, the highest price recorded in Ventura County since last year. Read More.

Universe Holdings Buys Apartment Portfolio is San Fernando Valley

Commercial Real Estate Direct, May 9, 2018

The Los Angeles investment manager, which pursues older, class-B apartment properties that could be upgraded, bought the portfolio from an individual who was represented by Investment Real Estate Associates of Encino, Calif. The individual had assembled the portfolio over the past 55 years. Read More.

Universe Holdings Acquires 123-Unit Multifamily Portfolio in the San Fernando Valley

RENTV, March 22, 2018

Universe also has committed $3.3 mil to a capital improvement budget for these properties, which total 123 units and are located in the Valley communities of Van Nuys, North Hollywood and Panorama City. Read More.

Just Sold | $22,752,600 San Fernando Valley Multifamily Portfolio

IREA

Totalling 123 units and closing at just under $23,000,000, IREA partner David Leibowitz closed a nine-property multifamily portfolio in the first week of March. None of the properties had been on the market for almost 50 years. Read More.

Apartment Portfolio in Valley Sells for Nearly $23 Million

San Fernando Valley Business Journal, March 16, 2018

Universe Holdings in Century City has paid $22.7 million for a San Fernando Valley multifamily portfolio with a total of 123 units. Read More.

Here’s What LA’s $10M-$30M Investment Sales Market Looked Like Last Week

The Real Deal, June 5, 2017

In the world of mid-market L.A. investment sales last week, the Healthcare Trust of America acquired three medical properties totaling about $40 million, while two multifamily properties traded hands — including a 2.45-acre development site. Read More.

Businessman’s Higher Calling

Jewish Journal, March 24, 2017

Henry Manoucheri studies Torah and nurtures relationships with Israeli investors. He is the founder and CEO of Universe Holdings, a privately held, Century City-based investment firm that completed $237 million of investment and financial transactions in 2016. Read More.

Inglewood Apartments Draw Investor Universe Holdings

Los Angeles Business Journal, September 28, 2016

Two Inglewood apartments sold this month to an investor planning to renovate the units and lift rents as part of a plan to capitalize on the city’s appeal to residents priced out of neighboring Westside markets. Read More.

Universe Holdings Spends $16.7 Mil on South Bay Multi-Family Portfolio

Real Estate News TV, September 6, 2016

Universe Holdings recently acquired three LA-area multifamily properties totaling 77 units for $16.67 mil, or around $216k/unit. Universe plans to invest $2.5 mil in improvements to the properties, located in the South Bay. The properties were purchased off-market by Universe in a single portfolio transaction. Read More.

Universe Holdings Gets Freddie Loan on California Apartments

Commercial Real Estate Direct, August 8, 2016

Universe Holdings has refinanced its Acacia Park apartment property in San Bernardino, Calif., paying off the property’s previous securitized financing in full. Read More.

Universe Acquires San Bernardino MF for $41M

Connect California, August 5, 2016

Los Angeles-based Universe Holdings acquired Acacia Park, a 304-unit apartment community in San Bernardino, CA for $41-million. Read More.

Could Theater Makeover Resurrect Reseda?

San Fernando Valley Business Journal, July 11, 2016

Multi-family investor Universe Holdings in Century City sees gold investing in apartments, particularly those in the San Fernando Valley. The company plans on using $15 million it generated from a recent refinancing deal involving seven apartment complexes – four of which are in the Valley – to help meet $100 million apartment acquisition goal by the end of the year. Read More.

This Week’s LA Deal Sheet

BISNOW, July 6, 2016

Universe Holdings has been busy lately, refinancing seven multifamily properties totaling $124.7M. Bisnow caught up with Universe Holdings founder and CEO Henry Manoucheri to learn about the deals.
Read More.

Los Angeles Apartment Investor Seeks to Spread Wings; Eyes Fund

Commercial Real Estate Direct, July 5, 2016

Universe Holdings has been strategically raising capital and is said to be in the early stages of raising what would be its first fund, as it gears up to expand the size and scope of its portfolio.
Read More.

Q&A: NFL Stadium and Hollywood Park’s Impact on CRE

Connect Media, March 24, 2016

Connect Media asked an early-mover in Inglewood how the Hollywood Park and NFL Stadium impacted CRE investment in the areas surrounding those projects. Henry Manoucheri, founder and CEO of Universe Holdings, a Century City-based multifamily investor that’s recently acquired three multifamily properties in Inglewood, provided insights into what attracted him to the submarket, and where he sees opportunity in the future home of the Los Angeles Rams.
Read More.

This Week’s LA Deal Sheet

BISNOW, February 16, 2016

Universe Holdings paid $5.82M for two apartment buildings near the future Inglewood NFL stadium and Hollywood Park. The buildings have 27 units total with two- and three-bedroom floor plans. Around $750k of interior and property improvements are planned. Read More.

NFL Stadium Kicks Off New Interest in Inglewood

Los Angeles Business Journal, February 15, 2016

A growing crop of investors is looking to cash in on Inglewood real estate now that the National Football League has declared the city will be home to the Los Angeles Rams. Read More.

Universe Holdings is betting on Inglewood and the Rams

The Real Deal, February 9, 2016

Century City-based Universe Holdings, a privately-held investment firm led by CEO Henry Manoucheri, is placing bets that Inglewood’s residential market is heating up. It has gambled almost $15 million so far, acquiring a total of 77 units, on the prediction that the NFL stadium, the arrival of the Rams and the massive Hollywood Park development will increase rents in the area. Read More.

Business Managers Elite

Variety Magazine, November 14, 2015

Universe Holdings were sponsors and represented the firm as featured guests at the Variety Business Managers Elite event this year. Read More.

Van Nuys Apartments Sell for $10.5 Million

San Fernando Valley Business Journal, October 1, 2015

Two Van Nuys apartment buildings, totaling 53 units, have sold for $10.5 million, or just over $198,000 per unit, according to brokerage Marcus & Millichap. The adjacent properties are located at 6600-6616 Woodley Ave., between Kittridge and Vanowen streets, and comprise 40,372 square feet together. More than a dozen offers were submitted for the properties, with the ultimate buyer, who was not named, paying full list price. Read More.

Universe Has Big Plans for 53-Unit CA Acquisition

MHN Online, October 23, 2015

Universe Holdings has acquired a 53-unit community called Woodley Drive in Van Nuys, Calif. from the original developer. The property sits on one acre at Woodley Drive and Kittridge Street, and features a mix of 17 one- and 36 two-bedroom apartments. It will be rebranded as Chateau W6600, and Universe has plans for immediate property upgrades and enhancements totaling $750,000. Read More.

Van Nuys Apartment Complex Expands Universe

RENTV, October 22, 2015

In a recent multifamily sales comp from the San Fernando Valley, Universe Holdings acquired a 53-unit asset in Van Nuys for $10.5 mil, or $198k/unit. The property is located at 6600 Woodley Dr, west of the 405 Fwy and north of Victory Blvd.

The complex consists of two buildings on a one-acre lot at the corner of Woodley Dr and Kittridge St. It contains 36 two-bedroom units and 17 one bedroom apartments. Read More.

Van Nuys Apartments Sell for $10.5 Million

San Fernando Valley Business Journal, October 1, 2015

Two Van Nuys apartment buildings, totaling 53 units, have sold for $10.5 million, or just over $198,000 per unit, according to brokerage Marcus & Millichap. The adjacent properties are located at 6600-6616 Woodley Ave., between Kittridge and Vanowen streets, and comprise 40,372 square feet together. More than a dozen offers were submitted for the properties, with the ultimate buyer, who was not named, paying full list price. Read More.

The West Coast Multifamily Market is Red Hot

REAL ESTATE BISNOW, July 27, 2015

With homeownership still declining, the fundamentals for apartments are soaring above other sectors, and the West is best — home to more than half of the nation’s Top 10 multifamily markets. That’s why we’re thrilled to host the top players in this thriving market at Bisnow’s national multifamily conference. We chatted with Universe Holdings CEO Henry Manoucheri, who will moderate a panel on lending. Read More.