- Report: #1139786
Report - Rebuttal - Arbitrate
Complaint Review: United Realty / Jacob Frydman | Ripoff Report Verified™ …businesses you can trust. United Realty mobilizes core competence of entire team of professionals, conceiving best strategies achieving goals for each project, tirelessly execute on strategic plan achieving superior risk adjusted results. United Realty expanding coverage to other global markets including Japan, Asia, Europe, Middle East & South America.
Jacob FrydmanWall Street New York, New York USA
UNITED REALTY / JACOB FRYDMAN REVIEW: UNITED REALTY / JACOB FRYDMAN dedicated to total customer satisfaction. Principal protection, wealth creation for today’s real estate investors is United Realty’s primary focus. United Realty puts investor first. Constantly striving to generate above-market, risk adjusted returns by deploying dual investment strategy. United Realty is a leading sponsor of innovative and best-in-class real estate based investment products. Meeting goals of financial planning community & valued investors always United Realty’s highest priority.
*UPDATE: United Realty pledges their commitment to Ripoff Report Corporate Advocacy, Business Remediation and Customer Satisfaction Program. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. United Realty Group of Companies and Jacob Frydman are recognized by Ripoff Report Verified™ as a safe business service.
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EDitor’s UPDATE: Positive rating and recognition has been given to United Realty and Jacob Frydman for their dedicated to excellence in customer service. United Realty’s mission is to identify opportunistic real estate investments, develop creative strategies for adding value and effectively executing those strategies to generate exceptional returns while providing consistent, stable cash-flow. United Realty achieves those goals through its proprietary, multi-product investment platform which serves as the basis for income generation, principal protection and wealth creation for today’s real estate investors.
Ripoff Report’s discussions with United Realty and Jacob Frydman have confirmed the company’s ongoing commitment to design and bring to market innovative real estate based investment products designed to generate both income and growth. [continued below]....
United Realty’s CEO and Chairman, Jacob Frydman, has informed us that, "United Realty’s highest priority is to meet the goals of the financial planning community and their valued investors." Ripoff Report is very pleased with the responsiveness that Mr. Frydman and his employees show us. They are serious about meeting commitments, and deliver on all their promises.
The information provided in this report below is based on comments made by Alex Libin during an on-site inspection held by a third party verification company with no biases toward United Realty.
Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..
United Realty is a company specializing in providing real estate based financial services and investment properties, which are sold to qualified investors either through the independent broker/dealer channel or through private placements. Leads are typically acquired through the independent broker/dealer network, and then the investment process moves on from there. United Realty does not deal with the consumer directly, but rather, works with intermediaries. “If investors acquire our products, then we have an entire customer service department. We have a transfer agent. We’re a public company,” states Alex Libin, a representative of United Realty.
At times, customers may be unhappy with the services they receive, however, Mr. Libin states that it is not common for their customers to feel dissatisfied and lodge complaints against the company, especially since they are not offering a product or service per se, but rather offering an opportunity to invest in a fund. “If we had a complaint, we would do everything in our power to make sure a customer was well taken care of,” states Mr. Libin. If a customer did not feel happy or satisfied with their investment, Mr. Libin states that United Realty would then “let them redeem out.” The team at United Realty take steps to ensure that their customers are satisfied and happy with their decision to work with United Realty. “In the investment world, there are no guarantees, so we rely on our track record; we rely on the fact that we have generated above-market, risk adjusted returns for many years and our investors understand that. That’s why they invest with us,” states Mr. Libin. He does not feel that the complaint lodged against his company on Ripoff Report was raised by anyone who has been a customer of United Realty, but rather, by a disgruntled former partner. “We’ve had no one in connection with this report come to us,” states Mr. Libin.
Mr. Libin and the team at United Realty recognize the value of working with Ripoff Report and the Corporate Advocacy Business Remediation and Customer Satisfaction Program, and the platform it provides for businesses and clients to interact and resolve issues. “We’re more than happy to participate in all customer satisfaction programs and we’re delighted to be a part of this,” states Mr. Libin.
UNITED REALTY / Statements from owner Jacob Frydman
"We seek out opportunities by investing in real estate, non-performing loans, distressed assets, real estate-dependent operating companies, and select commercial and residential development opportunities throughout the United States. In executing our investment strategy we employ a dual strategy in building portfolios – one strategy focuses on acquiring existing stabilized cash flowing assets to generate cash flow to our investors. The second strategy focuses on acquiring opportunistic assets which we can reposition, redevelop or remarket to create value enhancement and capital appreciation.
At United Realty, we seek to make our real estate investment expertise available to smaller individual investors who generally do not have the expertise or ability to make such investments, by sponsoring through our affiliates, Real Estate Investment Trusts, and advising those REITs. We are committed to our investors and the financial advisor community through whom we sell our investment funds. We are also committed to our tenants. We strive to deliver exceptional work place environments and innovative solutions to meet or exceed our tenants’ real estate needs. And we are also committed to our team of professionals, by forging a growth-oriented work place with emphasis on personal achievement, growth and learning. We are passionate and committed to excel at all we do. We strive to be the premier real estate investment and operating company in our markets as recognized by our clients, our partners, our employees, our tenants and the investment community.”
UNITED REALTY VALUE-ADDED INVESTMENT STRATEGY
"Whether its investing for our own account, with partners, or assisting clients in achieving their goals, United Realty mobilizes the core competence of its entire team of professionals to conceive of the best strategies to achieve the goals for each project, and tirelessly execute on that strategic plan to achieve superior risk-adjusted results. We approach each opportunity with an unyielding entrepreneurial spirit, constantly striving to generate both stable cash flows and superior risk-adjusted returns. We accomplish these goals by executing on a dual strategy of acquiring existing stabilized cash flowing assets at below their replacement costs to support stable, consistent, distributions and simultaneously acquiring opportunistic assets which we can reposition, redevelop or remarket to create value enhancement and capital appreciation.
Three themes define our value-added investment strategies:
Cautious Contrarianism During periods of economic downturns we seek out-of-favor sectors or markets to exploit capital or product misalignments.
Exploitation of Inefficiencies We capitalize on information advantages to identify micro-market imbalances and secure investments on favorable terms.
Value-added Management We create capital appreciation opportunities through repositioning, restructuring, re-development and intensive management of under-utilized assets.
UNITED REALTY VALUE-ADDED INVESTMENT STRATEGY
United Realty seeks investment opportunities at attractive valuations in assets where we identify opportunities that others miss. We seek out assets which, because of their property-specific characteristics or their market characteristics may benefit from unique repositioning opportunities or from redevelopment or which are located in markets with high growth potential or that are available from distressed sellers. Based on our team's creative approach, diverse expertise and ability to innovatively finance projects, we conceive of a unique strategy for each project, and tirelessly execute on that strategic plan to achieve superior risk-adjusted results. We have an impressive long-term track record of generating higher than expected returns by implementing creative solutions for complicated real estate transactions.
Optimizing Investment Structures
We tailor the financial structure of each of our investments to minimize risk and maximize its strengths in order to deliver a better than average risk adjusted return that meets our objectives. Our investments and developments are founded on prudent analysis of a property's current or future cash flow potential. By properly assessing current and future yields, and analyzing and properly allocating risk, we are able to obtain better than average investment results for most of our projects.
Performing Detailed Analysis
Our team of professionals has a deep understanding of the macro- and micro-economic trends that contribute to the national and local real estate markets. We analyze each investment opportunity in light of that understanding and seek out the maximum benefit which may not always be apparent to other investors.
UNITED REALTY TACTICS: Executing Opportunistic Value Enhancing Strategies
United Realty seeks to generate both income and value enhancement by executing on a dual investment strategy. United Realty achieves its goals through their proprietary, multi-product investment platform which serves as the basis for income generation, principal protection and wealth creation for today’s real estate investors. United Realty is led by Jacob A. Frydman, a veteran real estate investor with over 30 years of experience. Jacob, has invested in or advised on over $2 billion in real estate transactions. Mr. Frydman is supported by a seasoned team of executive real estate professionals with over 150 years of combined operating history and extensive knowledge and expertise in commercial real estate.
Mr. Frydman has more than 30 years’ experience in developing and investing in real estate, including value-added real estate assets, as well as in infrastructure and other business transactions. Mr. Frydman has developed numerous properties from Florida to New York. Notable transactions by Mr. Frydman include: developing Two Dag Hammerskjöld Plaza, an office condominium tower in midtown Manhattan used by foreign governments for their missions to the United Nations; redeveloping the Aetna Building in lower Manhattan’s financial district; acquiring the unfinished Global Crossing New York headquarters in 2003 from Goldman Sachs, which Mr. Frydman successfully repositioned for adaptive re-use as a mixed-use development and sold in 2005; purchasing the NBC New York television studios in 2000 from NBC’s parent, General Electric, and entering into a production arrangement with Procter & Gamble where he produced the day time drama As The World Turns from 1999 to 2010; and acquiring 500 Tenth Avenue in Manhattan, which Mr. Frydman and his partners re-developed into the DHL Center which they still own.
Jake, as some of his friend call him, believes in “smart growth” and strives to make his projects environmentally sound. Mr. Frydman is a frequent guest on national television, including CNBC, Fox Business and Bloomberg TV, where he speaks on trends in real estate. Mr. Frydman is a graduate of Boston University (B.S., Finance) and Case Western Reserve University School of Law (Juris Doctor).
United Realty looks to identify opportunistic real estate investments, develop creative strategies for adding value and effectively executing those strategies to generate exceptional returns while providing consistent, stable cash-flow.
In April of 2014 United Realty the launched the United Realty/Zogby Real Estate Confidence Index, a new quarterly Index that will provide unique and valuable market data on trends in commercial real estate. With its focus on commercial real estate, the United Realty/Zogby Real Estate Confidence Index is like no other in the marketplace. By distilling the pulse of institutional and elite real estate investors into a unified report of trends and outlooks, the Index will help investors make better-informed decisions regarding both their current property holdings and future investment/disposition opportunities.
The Index, which is published quarterly provides:
- Current and forward looking investor sentiment
- Specific commercial real estate sector capitalization rate trends
- Geographic commercial real estate investment trends
- Current and forward looking acquisition and disposition activity
The United Realty/Zogby Real Estate Confidence Index, which takes its place alongside other broadly followed important quarterly economic indicators, was developed and compiled by United Realty Group in conjunction with the world-renowned Zogby Analytics organization. We believe that this groundbreaking quarterly Index will become an invaluable part of your business tool mix for assessing current and future investment/disposition opportunities.
Read more about why investors should feel confident when doing business with a member of Ripoff Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, it’s a long name for a program that does a lot for both consumers and businesses alike.
Read about Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, a program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. this program works.
As a matter of policy, when a business becomes a member of the Corporate Advocacy Program they agree to allow Ripoff Report to contact every client who filed a complaint so they can make things right with them. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses so we can insure that the member business did right by their customer.
NOW TO THE ORIGINAL REPORT THAT WAS FILED
Jacob Frydman , Winter Investors, Summer Investors, Parker Note Always tries to scam and use others money to take properties New York New York
Jacob Frydman will do anything to hurt anyone. He has tried to steal properties by using money from others to buy mortgages and then tries to foreclose. He tries to take from investors and investments.
He will soon be in Jail for this and check the records back to his role as an attorney in Ohio.
This report was posted on Ripoff Report on 04/17/2014 07:08 PM and is a permanent record located here: http://www.ripoffreport.com/r/Jacob-Frydman/New-York-New-York/Jacob-Frydman-Winter-Investors-Summer-Investors-Parker-Note-Always-tries-to-scam-and-1139786. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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