Farouk Sheikh Email and Phone Number
Farouk Sheikh holds a Masters in Property Valuation and Law and a Bachelors in Accounting and Finance from London School of Economics & Political Science (LSE). Mr. Sheikh is the founder of US REO Fund (www.usreofund.com), a real estate investment & development company, and is the CEO of First Fidelity REO LLC a portfolio management company that handles all aspects of acquisition, sales, and disposition of distressed and other real estate assets. Prior to this, Mr. Sheikh headed Investec Corporation (www.InvestecPC.com) and SMB Properties also focused on the acquisition and development of distressed real estate assets. He previously held positions at Citibank NA, Allsop & Co., the UK's largest property auctioneers, and various property companies. He brings over 20 years of real estate investment and development expertise as well as a track record in banking and distribution of consumer goods and IT.He is a frequent speaker at national and international real estate conferences. Some past engagements include the Five Star Default Servicing Conference in Dallas; Distressed Asset Real Estate Conference (DARE) in New York City; Cityscape Global Conference in Dubai as well as New York University.Mr. Sheikh is an active community member and passionate about serving the community and giving back. He served for multiple years on the Teaneck Zoning Board of Appeals and as Trustee and Chairman of a not-for-profit parochial academic institution in Northern NJ.Mr. Sheikh is also passionate about entrepreneurship and has mentored entrepreneurs at various incubators and accelerators in the United States and East Africa such as the Unreasonable Institute. In pursuit of promoting entrepreneurship and the concept of angel/VC investing in the developing world, he advised on the launch of Africa’s first “Shark Tank” like TV show “Boiler Room” in which he was an active investor and participant.
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CeoUs Reo Fund Dec 2008 - PresentUS 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. -
CeoFirst Fidelity Reo Feb 2009 - PresentFirst 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%.
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FounderInvestec Corporation Oct 1998 - PresentInvestec 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
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FounderSmb Properties Nov 2004 - Jan 2010SMB 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
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MaCitibank Aug 1994 - Apr 1996Worked in corporate fianance, forex and compliance.
Farouk Sheikh Skills
Farouk Sheikh Education Details
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Property Valuation & Law -
St Marys
Frequently Asked Questions about Farouk Sheikh
What company does Farouk Sheikh work for?
Farouk Sheikh works for Us Reo Fund
What is Farouk Sheikh's role at the current company?
Farouk Sheikh's current role is CEO at US REO Fund : A Real Estate Investment and Development Company Focused on Undervalued High Yielding Assets with a focus on Distressed Real Estate..
What schools did Farouk Sheikh attend?
Farouk Sheikh attended The London School Of Economics And Political Science (Lse), City, University Of London, St Marys.
What are some of Farouk Sheikh's interests?
Farouk Sheikh has interest in Wife And Family, Play Squash.
What skills is Farouk Sheikh known for?
Farouk Sheikh has skills like Commercial Real Estate, Investment Properties, Mergers And Acquisitions, Residential Homes, Investments, Real Estate, Reo, Portfolio Management.
Who are Farouk Sheikh's colleagues?
Farouk Sheikh's colleagues are Ahmed Elshazly, Serge Mccray, Omar Norman.
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Farouk Sheikh
Bank Foreclosures Acquisition Expert | Reo Properties Distributor | Supplier Of Bank Owned Homes For SaleTeaneck, Nj1firstfidelityhomes.com -
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