Universe Holdings: Real Estate Investments, Management and Development

Principal Players

Chairman and CEO

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.


Chief Operating Officer

With more than thirty years’ experience in commercial real estate, including twenty years in multifamily property management, Jonathan Cohen has joined Universe Holdings/Global Integrity Realty Corporation as Chief Operating Officer. In this position, Mr. Cohen will be responsible for the overall business operations of the company, including the implementation of strategic goals and procedures. In addition, he will participate in the sourcing and analyzing of potential acquisitions, aid in the financial and physical due diligence and oversee all property operations post-closing.

During his career, Mr. Cohen has managed multifamily assets in nine different states in portfolios with more than thirty-thousand apartment units under management. He has served on the Board of Directors of the New Jersey Apartment Association, the Board of Trustees of the Northeast Ohio Apartment Association and as a Delegate to the National Apartment Association.

Mr. Cohen holds a Bachelor of Science degree in Law & Public Policy and Marketing from the Whitman School of Management at Syracuse University. He also holds certificates from Fordham University in Real Estate Financial Modeling.