Jacob Frydman, chairman and CEO of United Realty, expects occupancy rates to remain flat or grow modestly given current market conditions.
About 60% of 113 institutional real-estate professionals surveyed said they anticipate a significant increase in foreign investment, according to the United Realty/Zogby Real Estate Confidence Index for the fourth quarter of 2014. The strengthening dollar in the first part of the year bolsters that sentiment, said Jacob Frydman, CEO of United Realty Trust Inc.
United Realty has hired Steven Reed as head of sales for the Western division and Edward Frederick as assistant vice president of sales.
A year ago, United Realty Trust Inc.'s Jacob Frydman went on record with the SEC in support of a regulatory change by the Financial Industry Regulatory Authority that would force greater transparency in reporting by non-traded REITs such as his.
On December 16, 2014, United Realty Trust Incorporated, an SEC-registered public non-traded REIT led by Jacob Frydman, acquired 7 Carnegie Plaza in Cherry Hill, New Jersey, a stabilized triple-net leased medical headquarters building.
Frydman isn't excited by the triple net lease deals that so many have favored in the past. He and his company, United Realty, have built a reputation as active asset managers that increase value through investment in properties that can be remarketed, repositioned, or redeveloped to enhance value.
I expect that the Federal Reserve will commence raising interest rates shortly and once the Fed does so, I expect that we'll see interest rates rise quickly. It is always dangerous to predict when the Fed will take action, and especially with respect to interest rates, and I generally prefer not to make specific predictions.
Investors who bought into nontraded REITs with high flat-rent net lease holdings financed with floating rate debt will likely face the double whammy of decreasing distributions and cashing out at a substantial decrease in value - suffering the duration risk they were seeking to avoid in the first place.
United Realty has recruited a former SL Green Realty executive to be its chief financial officer. Steve Kahn, who joined the New York company last week, will help with the expansion of its nontraded REIT, United Realty Trust. Kahn will oversee all financial reporting, analyze potential deals and help line up acquisition and financing opportunities.
United Realty Trust Inc. has paid $15.65 million, or about $353/sf, for 945 82nd Parkway, a 44,323-square-foot medical-office building in Myrtle Beach, S.C.
A new survey project launched by a leading sponsor of alternative real estate investment programs and a major global survey research firm, shows that elite real estate investors are upbeat about the real estate market, despite anticipated rate increases.
New York-based investment manager United Realty Partners is working to expand the distribution reach for its non-traded real estate investment trust and is also hanging out its shingle for a new non-performing debt fund.
"The American real estate market, one of the most transparent in the world, presents opportunities for them." Frydman added.
United Realty Trust has bought this nine-story apartment building, which has 86,360 square feet and is leased to the city for transitional housing.
"Tilden House represents the typical investment profile for the first of our Dual Investment Strategies. It is a stabilized income-producing property with an inflation-protected underlying lease," said Jacob Frydman, CEO and Chairman of United Realty Trust
"We believe that with this acquisition, United Realty Trust has shown itself able to identify and acquire off-market transactions in its primary market area, and to structure these transactions is a way that we believe will benefit our investors," said Jacob Frydman, CEO of United Realty Trust.
United Realty Trust, through a joint venture with the seller, has acquired Tilden House, a 117-unit residential apartment property at 2520 Tilden Ave. in Brooklyn, N.Y. for $22.9 million.
United Realty Trust, a non-traded REIT led by investor Jacob Frydman, has agreed to pay $22.25 million, or $190,170/unit, for Tilden House, a 117-unit apartment property in Brooklyn, NY.
"When I was 14, I began working for my father's real estate company reading contracts and proposals to him related to a few housing projects he was constructing. My affinity for real estate only grew from there and I bought and sold my first property during my senior year of high school"
As we welcome in a new year, last week the nontraded REIT industry welcomed its newest member and the eighth offering to incorporate a daily pricing model.
The division, headed up by finance veteran Barry Funt, will help clients line up debt and equity capital and advise them on structured-financing options.
Others may hold off for even higher prices, said Jacob Frydman, CEO of United Realty Partners, a Manhattan-based real estate investment and advisory firm.
United Realty Partners, a New York-based investment management company formed earlier this year, is adhering to the basics in its investment strategy as it plots its expansion: buy low and sell high.
Jacob Frydman, chief executive officer of United Realty Partners, talks about investing in real estate. He speaks with Adam Johnson on Bloomberg Television's "Street Smart."
That's enough to make some investors, like Jacob Frydman, a New York City real-estate veteran, lick their chops. He recently formed United Realty Partners, a new real estate investment company.
Jacob Frydman is chairman and CEO of United Realty Partners, part of whose aim is to identify value-add and opportunistic real estate investments.
Jacob Frydman, chief executive officer of United Realty Partners, talks about the outlook for commercial real estate and the impact of regulations on the market. Frydman speaks with Betty Liu on Bloomberg Television's "In the Loop."
Jacob Frydman, chief executive officer of United Realty Partners, talks about the outlook for commercial real estate and the impact of regulations on the market.
Jacob Frydman, CEO of United Realty Partners, talks about the outlook for commercial real estate.
According to United Realty Partner, Lawrence Longua has been named to the firm's advisory board.
New York real estate investment firm United Realty Partners has announced the formation of a senior acquisition team. The team will be led by Stephen Tober and Jesse Stein, both named V.P. of acquisitions.
United Realty Partners CEO Jacob Frydman anticipates the bottom of the market will be around the middle of this year.
Managing editor Samantha Rowan Interviews Jacob Frydman of United Realty Partners on the newly formed company's plans for the coming year.
In his new role at United Realty, Longua will advise the firm on structuring and evaluating investment opportunities as well as sponsoring real estate investment trusts.
United Realty Partners, a newly formed real estate investment and advisory company, is predicting a "perfect storm" of buying opportunities over the next two years due to an impending wave of commercial mortgage-backed securities maturities and historically low interest rates.
United Realty Partners CEO Jacob Frydman on why it is a great time for investors to take advantage of opportunities in the commercial real estate market.
Veteran real estate investor Jacob Frydman has formed a new firm specializing in commercial real estate investments and independent strategic advice.
United Realty is headed by Jacob Frydman, formerly of White Acre Equities. He has overseen more than $2 billion worth of real estate transactions, mostly along the east coast.
Cheaper labor costs and lower property values compared with 2006 and 2007 have convinced developers to begin work on apartment buildings, said Jacob Frydman, chief executive at United Realty Partners, a real estate advisory firm based in New York.
United Realty Trust Inc. filed a best-efforts offering for up to $1.29 billion, including a dividend reinvestment program.
Commercial Real Estate Direct Staff Report New York investor Jacob Frydman is looking to get into the non-traded REIT world.