Farouk Sheikh

CEO at US REO Fund
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Contact Information
us****@****om
(386) 825-5501
Location
US

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Experience

    • United States
    • Real Estate
    • 1 - 100 Employee
    • CEO
      • Dec 2008 - Present

      US REO Fund (USR) is focuses on distressed real estate with a focus on investments property as well as developments. With multi-state foreclosure and distress asset expertise, USR was established in 2008 and has acquired hundreds of properties directly from lenders and servicers including single family, multifamily, mixed use and retail assets. Our banking relationships and reputation give us a seat at the bidding table and enable us to acquire assets at the below market. Our asset management team is highly focused on execution of the business plan for each asset.

    • CEO
      • Feb 2009 - Present

      First Fidelity REO's sales and dispostion platform offers its clients a turn key solution for their real estate inventory. Using both traditional and non traditional methods, First Fidelity is focused on the exit strategy which is custom tailored for each portfolio. Our managment team is experienced in all asset classes but has developed a focus on disposition by providing seller financing and contracts for deed allowing clients to generate retruns in excess of 30%. First Fidelity REO's sales and dispostion platform offers its clients a turn key solution for their real estate inventory. Using both traditional and non traditional methods, First Fidelity is focused on the exit strategy which is custom tailored for each portfolio. Our managment team is experienced in all asset classes but has developed a focus on disposition by providing seller financing and contracts for deed allowing clients to generate retruns in excess of 30%.

    • Founder
      • Oct 1998 - Present

      Investec is a real estate investment company that funds various holding and operating entities (SPV's) that focus on on acquiring real estate assets in the US. Investec deploys equity in assets that provide above market returns with a clearly defined exit strategies in place. Current portfolio invesmtents include www.USreoFund.com which acquires distressed residential and commercial real estate and www.FirstFidelityREO.com which acts as portfolio manager for clients who acquire distressed real estate and deploy FFREO's serivces in the acquisition and sales & disposition processes. In the US, Investec acquires distressed real estate. Assets can be commercial (multifamily, office, retail ,industrial, lodging, mixed use), land or residential. Larger assets are acquired nationwide whilst smaller assets are focused in NJ, CT, NY & PA. We also acquire non performing notes that are secured by assets that meet our investment criteria. Visit www.InvestecPC.com

    • Founder
      • Nov 2004 - Jan 2010

      SMB Properties is a development and investment holding company that acquires distressed Commercial real estate assets and implements a custom tailored Value Creation Plan (VCP) so as to exit the investment to attain the highest IRR to equity holders. There is a tremendous focus on Conservative underwriting as well as on ensuring realistic exit strategies can be deployed. SMB's operations have been merged into those of US REO Fund's. For more info see www.USreoFund.com or www.InvestecPC.com

    • United States
    • Financial Services
    • 700 & Above Employee
    • MA
      • Aug 1994 - Apr 1996

      Worked in corporate fianance, forex and compliance. Worked in corporate fianance, forex and compliance.

Education

  • The London School of Economics and Political Science (LSE)
    1988 - 2001
  • City, University of London
    MA, Property Valuation & Law
    1992 - 1993
  • St Marys
    1983 - 1986

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