New Generation, New Opportunities, New Ventures

SAN ANTONIO, Texas, April 10, 2009 – For UCR, life gets better and better. Not only did UCR welcome Michael Jersin and Warren Richardson to UCR on April 1st, but in addition, HPI Real Estate Management, Inc. (HPI) and UCR are announcing a strategic alliance. The relationship will allow HPI to focus on development and management of their portfolio, while securing UCR as the exclusive leasing agent for their properties in San Antonio.

Jersin, the one-time protégé and now seasoned broker returned to UCR in a new role, as President, COO and Partner. Tom Sineni, current President of UCR, hands over the reins as part of a strategic plan to transition the company into the next generation of commercial real estate providers. Sineni and his other partners viewed UCR’s recent 15th anniversary as the perfect segue to “pass the torch” to the brokers who are the company’s future. Sineni feels strongly that Jersin’s return was the ideal opportunity, both in terms of the candidate and timing. Sineni remains with the firm and continues as CEO, Partner and head of the Investment Sales Division.

Jersin states, “I started my real estate career at UCR; they trained me to be a real estate professional, and I left on a four year journey where I gained invaluable experience during my time with HPI. And now I feel that I am returning to UCR better equipped as a leader.”

UCR also welcomed Warren Richardson, its newest associate to the retail division. Richardson brings experience in both tenant representation and collaborative leasing with Michael Jersin of such high-profile shopping centers as Park North and Gateway Plaza.

Of Richardson, Jersin says,
“I am extremely pleased to have Warren join us at UCR. He has a solid foundation and his work ethic, integrity, and production align with UCR’s core values. Warren has proven himself as a strong producer.”

“I’m looking forward to working with Michael and Warren as we move UCR into the next generation,” states Guyla Sineni, Executive Vice President and a founding partner of the firm, and who originally trained Jersin.

One of the first assignments for Jersin and Richardson is to assemble a team of UCR brokers to assist them in handling the leasing for HPI Real Estate Management, Inc.’s 2.5 million square foot portfolio, including such high-profile retail centers as Park North, Hill Country Plaza, Centerview Marketplace and Gateway Plaza.

UCR will also be leasing Brooks City Base Landing, a development by HPI, now owned and asset managed by Prudential. As noted by HPI partners Kent Lance and Mark Granados, UCR has a team of retail brokers ensuring the portfolio is getting the depth of coverage and focus that is required to be successful. Second, this alliance provides the ability to jointly provide the most comprehensive, efficient and effective service by aligning the strongest leasing and management teams. The HPI portfolio will complement UCR’s current portfolio which includes such premiere properties in the San Antonio market as the 900,000 sf Alamo Ranch, the 1.2 million sf Forum at Olympia Parkway, and the 420,000 sf H-E-Bplus! anchored McCreless Market.

“By combining the two retail leasing programs, you get the largest retail platform in the city — which is more attractive to other third-party owners,” Granados adds. “And it provides the leasing team greater opportunities to cross-market their tenants, which provides more attraction when soliciting new tenant-representative business.”

HPI is currently the largest local retail property management firm, managing approximately 2.5 million square feet of space in San Antonio; all totaled, HPI manages over 10 million square feet in Central Texas. HPI Real Estate Services & Investments was co-founded 16 years ago in Austin, Texas by commercial real estate industry veterans Richard Hill, Dick Anderson and D. Kent Lance. HPI offers a comprehensive set of commercial real estate services, designed to deliver the highest value to their clients with an exceptional level of customer service. As a regional leader in the industry, HPI currently manages a Central Texas portfolio of more than 10 million square feet, with 2.5 million square feet in San Antonio, and another $700 million in projects under development.

UCR leases more than 30 million square feet of retail space in Texas, with over 10 million square feet in San Antonio. The firm has a reputation of keeping its properties well leased. In addition, UCR utilizes the nationwide ChainLinks partnership, which provides unique access to leads, relationships, and deal flow in San Antonio.

With Jersin and Richardson joining the ranks alongside UCR’s stellar line-up of partners including Charles Hoyer, Guyla Sineni and Craig Garansuay, and the existing roster of motivated and productive brokers, the firm has positioned itself solidly to transition to the subsequent generation.

“UCR’s platform of services to their real estate clients will be further elevated with Michael Jersin at the helm,” says Mike Gribble, also a founding partner of the firm.

The UCR team offers expertise in retail, office, industrial and investment sales and project and tenant representation as well as surplus disposition and asset and property management. The firm continues to offer its clients the stability of experience and the vitality of youth in its endeavors. The melding of these generations and ideas has created a rich heritage that has enabled UCR to consistently create extraordinary results for users, developers and owners. UCR looks forward to pursuing new relationships and opportunities arising in South Texas and beyond.

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