Henry Manoucheri Henry Manoucheri

Universe Holdings is strategically shifting its investment focus to large multifamily assets, upwards of 200 units. The firm has focused on small, 40- to 50-unit apartment buildings since the recession, but now sees growing opportunities in large assets and less competition. Universe isn’t wasting any time. The firm recently partnered with Hanover Financial and Essex Property Trust to buy a 400-unit apartment complex in Ventura, CA, for $100 million. We sat down with Henry Manoucheri, chairman and CEO of Universe Holdings, to talk about the strategic shift.