Why UCM?


  • Leasing
  • Sales
  • Land Development
  • Construction
  • Shopping Centers
  • Office
  • Restaurants and Hotels
  • Owner Association Management

About UCM

UCM is a privately held, family-owned real estate investment company founded in 1992 by Jeffrey and Joyce Berger. Value is created through diversification and consistent investment in projects with high-growth potential.

Considered "West Coast Specialists", UCM's interests have spanned California, Arizona, Nevada, Washington, Oregon, and Hawaii.

" We've stood the test of time. "

Jeffrey B. Berger, President and CEO

Jeff's Bio



Thomas Jefferson School of Law

Juris Doctor (J.D.)
1974 - 1978

University of California, Davis

Bachelor's Degree
Political Science and Government
1970 - 1974


Finance | Fiduciary Responsibility | Fiscal Reporting
Open-Mindedness | Forward Thinking
Approachability | Problem Solving
Shareholder Relations


Merger | 1983 - 1989

Del E. Webb Investment Properties, Inc. (AMEX: DWP) | California Real Estate Investment Trust (NYSE: CT)

Between 1983 and 1989 Mr. Berger raised capital through various National Association of Securities Dealers (NASD) brokerage houses through an unlisted vehicle, Commonwealth Equity Trust, which later acquired Del Webb. Subsequently, the company was renamed The B & B Real Estate Investment Corporation (BBR). BBR later purchased shares in DelWebb and in 1989 merged with CalREIT.

The merged company held combined assets of $58 M.

Key Players:
Drexel Burnham Lambert, Inc. and Donaldson Lufkin and Jennette, Inc., Financial Advisors to DWP
Merrill Lynch Capital Markets, Financial Advisors to Calfornia Real Estate Investment Trust (CalREIT)
Tjarda van S. Clagett, Lead Broker, Merrill Lynch Capital Markets
Thomas J. Kearns, First Vice President, Merrill Lynch Capital Markets

Joint Venture | 1989 - 1994

Placer Ranch Partners | UCM

Placer Ranch is a 2,213-acre master planned community situated in Roseville, California. In 1990 Mr. Berger negotiated a 31% interest in Placer Ranch Partners in exchange for 680 acres.

The venture's value when formed was in excess of $50 M.

Key Players:
Eli Broad, Personal Investor

Acquisitions and Turnarounds | 2003 - 2006

Koko Marina Center | UCM

The 222,000 square foot waterfront shopping center and 200-slip marina is situated on 15 acres in an upscale section of Honolulu known as Hawai'Kai, one mile from the popular Hanana Bay on the Island of O'ahu. Prior ownership had established a largely tourist-driven economy. Vacancy was 35%.

In 2003 UCM acquired the property for $14 M and immediately sought to reposition the site into a thriving, largely locally-driven, high-end retail and entertainment destination site.

Property reached 98% occupancy in six months. UCM sold its interest in 2014 at a property value of $21.5 M.

Key Players:
Andrew D. Starn, Vice President, Brokerage Retail Services, Hawaii, CBRE Group, Inc.

University Village Shopping Center | UCM

When UCM acquired University Village in 2001 for $9.2 M, the vacancy was 25%. By YEAR the property was 100% leased. In May 2012, it was appraised with a value of $19.3 M and in August 2012 was assessed with a replacement cost of $23.2 M.

Key Players:

Granite Bay Village Shopping Center | UCM

UCM purchased the center for $8.2 M in 2003 and in May 2012, the property was appraised for $12.1 M. Occupancy at time of acquisition was 50%, climbing to 91% in 2012. Estimated replacement cost value in August 2012 was $21.8 M.

Key Players:


John Q. Hammons | Investor and Developer, Holiday Inn Hotels/InterContinental Hotels Group

Mr. Berger acquired three Holiday Inn properties in one transaction, the equivalent of approximately 600 rooms, from Mr. Hammons.

Joseph Benvenuti | Developer

Mr. Benevenuti is best remembered for developing Sacramento's Renaissance Tower, the Hyatt Regency and Arco Arena/Power Pavilion.

Mr. Berger participated in joint ventures for the ownership and management of the Renaisssance Tower, the first premier high-rise in the Sacramento market at the time, as well as various other land and building developments.

Marvin L. "Buzz" Oates | Developer and Contractor, Florin Perkins Center

Mr. Berger was a partner in various land building through the years.

Ellis Landeau | Director, Pinnacle Entertainment, Inc. Past Vice President and Treasurer, Aztar Corporation/Ramada, Inc.

Mr. Berger negotiated both the purchase and resale of Ramada International Headquarters in Phoenix, Arizona.


Steve Soboroff | Chairman

Chairman of the Board of Directors, Weingart Foundation Past Chairman of the Board and Chief Executive Officer, Playa Vista Development Past Vice Chairman, Los Angeles Dodgers

Alan Jay Nussenblatt | Managing Director

Managing Director, Sun America Investments, Inc. Managing Director and Head of Real Estate Lending and Capital Markets, AIG Mortgage Capital, LLC; and AIG Mortgage Holdings, LLC

Norman Metcalfe | Director

Director, Tejon Ranch Corporation Director, Ryland Group, Inc. Past Vice Chairman and Chief Executive Officer, The Irvine Company

Edmund Gerald (Jerry) Brown, Jr. | Governor

Past Governor, State of California Past Secretary of State, State of California Past Mayor of Oakland, California Past Attorney General, State of California


First eighteen year-old in the nation to seek public offfice, in 1970, Sacramento City Council.

In the late '70s, as lead counsel, represented the NAACP in constitutional litigation to enforce busins of students.

Original Owner, Sacramento Franchise, World Team Tennis, and Sponsor of ATP (Association of Tennis Professionals) Players.

While in college, a major producer and independent record promoter representing artists: Motowen Records, Ricky Nelson, Steview Wonder, Jackson 5, Lou Rawls, and Weylen Jennings. Conducted joint ventures with Esquire Magazine, Bon Appetit Magazine and Capital Records.

Member of the United States Team for the Maccabiah XV Games, 1993.

Major concert promoter for Motown Records performers such as the Jackson 5,

Born | Sacramento, CA



Broker and Consultant
Business Analysit


Debt and Equity FInancing
Construction Management
Project Planning
Counsel of Record
Investment Banking and Securities
Web, Social Media and Content Management

Melinda Walker | UCM
Stan Wong | UCM
Mark Wilkie | UCM
Adriana Cuevas | UCM
Ken Karmolinsky | Divergent Capital Markets
Steve Whichard | SJW Construction, Inc.
Javed Siddiqui | JTS Engineering Consultants, Inc.
Sean Dennison | Broker
Rick Bernstein | Law Offices of Richard P. Bernstein
Andy Bello | Maxim Group LLC
Sonia Sworak | sworak.com