Universal Properties

Although municipalities and private individuals have filed dozens of lawsuits against Universal Properties seeking repayment and alleging breach of contract, five mayors awarded new contracts to a company tied to Universal’s management.

The sale of the properties, for which the municipalities got ownership and control through forced expropriation to third parties, is not transparent. The expropriation and purchase agreements that Universal Properties drafts on behalf of the municipality with a “purchasing applicant” are not submitted to the Office of the Comptroller.