NEW YORK, Sept. 25, 2012 /PRNewswire/ -- United Realty Partners announced today the appointment of Barry Funt as President of United Realty Capital Markets, a real estate investment banking firm specializing in the full spectrum of real estate financing.
Mr. Funt, who has more than 20 years experience in execution, structuring, underwriting, pricing, placement and oversight, will work directly with United Realty's founders Jacob Frydman and Eli Verschleiser.
Mr. Funt has originated, structured, closed and sold billions of dollars of senior and subordinated loans secured by all types of commercial real estate and has started business units and developed organizational plans for companies of all sizes. He has a demonstrated track record of providing solutions to complex financial and legal issues through excellent communication and analytical skills, and the ability to navigate from strategic concept to tactical details.
"We are thrilled that Barry Funt has decided to join our team," said Mr. Frydman, Chairman and CEO of United Realty. "His unique combination of financial and legal expertise, combined with over 20 years of Wall Street capital market experience, offers our clients ready-made customized solutions to both complex and simple commercial real estate finance solutions for all parts of the capital stack."
Prior to joining United Realty Capital Markets, Mr. Funt started the commercial real estate finance unit at Natixis Global Real Estate, and served as General Counsel of Nomura's commercial real estate finance unit. He is involved in numerous community activities, and was elected and currently serves on the Board of Education for the Township of Livingston, N.J.
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. United Realty, through its affiliates, also sponsors SEC-registered Real Estate Investment Trusts (REITs) that allow outside investors to participate in the firm's investments.
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