United Realty Announces Hiring of Chief Accounting Officer

NEW YORK, April 25, 2013 /PRNewswire/ -- United Realty announced today the appointment of Joseph LoParrino – who has over 20 years experience, to oversee all Corporate and property level accounting, financial reporting, budgeting/forecasting and treasury functions.

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Mr. LoParrino provides extensive experience in financial reporting, business planning, operations, analysis, and financial management. Throughout his career, he has excelled at creating and implementing strategies that increase productivity, drive efficiencies, and reduce costs to achieve company financial goals.

"We are thrilled by the addition of Joseph LoParrino to the growing United Realty team," said Mr. Jacob Frydman, Chairman and CEO of United Realty Partners. "His reputation for accounting and operations management strengthens the core of our infrastructure, allowing maximum efficiency for our real estate group and other internal departments."

Most recently, Mr. LoParrino served as Vice President, Controller for Retail Opportunity Investments Corp., a public Real Estate Investment Trust (REIT), where he oversaw general accounting functions, from February 2010 through March, 2013. Prior to that position, Mr. LoParrino served as Vice President, Retail Accounting for Centro Properties Group, an Australian owner and operator of retail shopping centers, where he oversaw a staff performing the general accounting functions of approximately 450 retail shopping centers and supervised the preparation of U.S. financial reports. From April 1999 to February 2007 he was the Vice President and Controller for Urstadt Biddle Properties, a public REIT.

About United Realty Partners

United Realty Partners was formed in January 2012 by veteran real estate investors Jacob Frydman and Eli Verschleiser. Based in New York, the firm advises on and invests in commercial real estate projects in markets poised to benefit from favorable demographic trends including growing populations and household incomes. The firm and its affiliates also seek opportunistic investments in distressed or underperforming properties that can benefit from repositioning, redevelopment and other value-enhancing initiatives.

Mr. Frydman and Mr. Verschleiser have invested in numerous types of commercial real estate from urban office buildings to suburban retail shopping centers and large apartment projects. They are responsible for over $7 billion in commercial real estate transactions including some of the most complex projects in the eastern U.S. For more information visit www.urpa.com or follow us on Twitter @United_Realty.

SOURCE United Realty Partners