United Realty Partners Names Leonard Toboroff to Board of Directors

NEW YORK, Oct.11, 2012 /PRNewswire/ -- United Realty Partners announced today the appointment of Leonard Toboroff to the company's board of directors.

Mr. Toboroff, a member of the New York Bar and a practicing attorney since 1961, is currently a director of ENJEX Corp., a closed-end mutual fund. Since April 2006, he has been a director of NOVT Corporation, a former developer of advanced medical treatments for coronary and vascular disease. He has also been the director of Asset Alliance Corp., an alternative investment company, since April 2011.

Prior to this, Mr. Toboroff was a founder and director of Steel Partners Acquisition Corp. from June 2007 to June 2009 and an executive director of Corinthian Capital Group LLC, a private equity firm, from October 2005 until June 2008.

"We are thrilled to have Lenny as a new member of our board," said Eli Verschleiser, President of United Realty. "His vast corporate and investment experience will make him an important asset to our growing firm."

Mr. Toboroff has served as vice chairman of the board of Allis-Chalmers Energy Inc., a provider of products and services to the oil and gas industry, since May 1988 and was executive vice president from May 1989 to February 2002. He also served as director and vice chairman of Varsity Brands, Inc. (formerly Riddell Sports Inc.), a provider of goods and services to the school spirit industry, from April 1998 until it was sold in September 2003. He previously acted as chairman or vice chairman of American Bakeries Company, Ameriscribe Corporation, and Saratoga Spring Water Co.

Mr. Toboroff is a graduate of Syracuse University and the University of Michigan Law School. He is a member of the U.S. Supreme Court Historical Society.

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