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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.

GlobeSt.com: Tell me about you strategic shift to focus on large multifamily assets?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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