Universe Holdings: Real Estate Investments, Management and Development

Principal Players

Henry ManoucheriHENRY MANOUCHERI
Chairman and CEO

henry@universeholdings.com
tel (310) 785-0077

Henry Manoucheri’s successful real estate career spans over 30 years. Mr. Manoucheri began his real estate career in 1985 at Marcus & Millichap, a prominent Southern California real estate brokerage company in 1985 and quickly became one of the company’s top salespersons. Over a career spanning over three decades, Mr. Manoucheri has negotiated over $500,000,000 of transactions involving multi-family housing, office and commercial properties, shopping centers and land.

Mr. Manoucheri formed Global Integrity Realty Corporation in 2000. Within the first year, the company’s assets under management grew from three times, from 400 to 1,200 units. With his decades of real estate experience, Mr. Manoucheri persuaded Trisail, a subsidiary of Bank of America to join forces with him in acquiring multi-family projects. One such acquisition, purchased by the joint venture at $50,700,000, sold a few years later at $78,000,000, generating a substantial profit for the bank and over $9,500,000 for Global’s investors.

Over the next ten years, Global acquired well located apartment projects in Los Angeles, Santa Barbara, San Bernardino, Ventura and San Diego Counties. Partnering with Trisail and other pension investors, the company acquired ten more properties ranging in size from 200 to 450 units, with purchase prices from $20 million to $70 million. Eventually, assets under management grew to over 4,000 units. By renovating and improving its existing properties, Global has produced returns to investors greater than the rate of inflation.

With over 30 years of experience in the business, Mr. Manoucheri has been successful in navigating the ups and downs of the real estate business, by focusing on opportunities to increase returns, carefully shepherding expenses to create economical operations, and taking advantage of increasingly attractive re-financing options to reduce debt service expenses, and increase cash flow, and drive investor returns. Mr. Manoucheri’s dedication to the business, his hands-on approach, his top down management style, and his emphasis to staff to continually reach better operating results, has enabled the company to deliver operating results yielding over 20% annually on average, and over 60% annually on average for assets sold.

Mr. Manoucheri holds a Bachelor of Science degree in Finance and Real Estate from California State University at Northridge.

 

 

Dan OgdenDAN OGDEN
Chief Operating Officer

dan@globalrealtycorp.com
tel (310) 785-0077

Mr. Ogden is the Chief Operating Officer of Global Integrity Realty Corporation, overseeing all day-to-day property and asset management functions. 

He is a former Senior Vice President of Riverstone’s Single-Family Home Division (now Invitation Homes) with oversight of all leasing, maintenance, and management functions throughout the western U.S.  Prior to that Mr. Ogden was the Chief Operating Officer of Vintage Senior Living where he helped grow the company by more than 300%.  Prior to Vintage, Mr. Ogden served as the Executive Vice President & Officer of Archstone (NYSE: ASN), a $23 billion multifamily conglomerate with ownership of more than 85,000 units throughout the U.S. and Europe.  There, Mr. Ogden oversaw all management functions for the western U.S.