NEW YORK, March 8, 2012 /PRNewswire/ -- United Realty Partners announced today the formation of the firm's senior acquisition team led by Stephen Tober and Jesse Stein who have each been named as Executive Vice President of Acquisitions.
The new team, working closely with United Realty's founders Jacob Frydman and Eli Verschleiser, will source and evaluate commercial real estate investments consistent with the firm's dual strategy of acquiring stable cash-producing properties as well as distressed properties that can potentially bring higher returns for investors.
"We are extremely pleased to have Stephen and Jesse leading our deal team as we solidify our position as a leading real estate investment firm," said Mr. Frydman, Chairman and CEO of United Realty. "Their experience evaluating and closing acquisitions will ensure we deliver the highest quality investments for our clients and investors."
Mr. Tober has nearly a decade of real estate and private equity experience having served most recently as Vice President of Hudson-York Capital, a boutique private equity and real estate development firm. Prior to Hudson-York, he spent several years as Vice President of White Acre Equities, a New York-based real estate investment firm where he was responsible for sourcing and evaluating investment opportunities as well as overseeing property management. Stephen holds a B.B.A from James Madison University's College of Business.
Mr. Stein is a seasoned investment professional with expertise in property acquisition, asset valuation and capital structuring. Prior to joining United Realty, he was the director of acquisitions at Multi Capital Group, a boutique investment banking firm that specializes in the real estate capital markets including debt and equity underwriting. Mr. Stein holds a B.A. in Industrial and Labor Relations from Cornell University and an M.A. in Real Estate Investments from New York University.
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 multi-family apartment developments. Together 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