Universe Holdings Refinances Three LA Apartment Communities
Blau Journal, December 5, 2018
Taking advantage of the rising property values in its approximate 2,500-unit apartment portfolio, Universe Holdings has received $27.65 million in cash-out refinance loans secured by three of its Los Angeles apartment communities. Read More.
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.
Universe Holdings’ Henry Manoucheri Explains Why He Likes Buying Rent-Controlled Property
BizNow, October 4, 2018
Even with the looming of Prop. 10, the measure that could possibly repeal the Costa-Hawkins Rental Housing Act and allow local municipalities to enact rent regulations, Henry Manoucheri sees some opportunities. Read More.
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.