Omar founded U3 Ventures in 2006 and has since led all of U3 Venture’s development initiatives. The projects, primarily focused in Center City Philadelphia and West Philadelphia, have included the acquisition and redevelopment of 1100 Chestnut Street, predevelopment and entitlement process for 1213 Walnut Street, and predevelopment for 4224 Baltimore Ave.
Prior to forming U3 Ventures, Omar was the Senior Vice President of Facilities and Real Estate at the University of Pennsylvania. He joined Penn in February 1997, and served as the University’s Chief Planning and Real Estate Officer, with responsibility for planning, design and construction, facilities operations and maintenance, utilities management, and real estate development. He actively managed 14 million square feet of space, $350 million of annual operating and capital budget and 1,000 employees. During his tenure at Penn, Omar led the effort to enhance the quality of life on campus and in the neighborhood by creating a vibrant and engaging built environment in which students, faculty, and staff can learn, live, work, and play. Under his management, Penn embarked on more than $2.0 billion of construction and real estate development transforming both campus and the surrounding community.
Omar came to Penn from Coopers and Lybrand, where he led a team of consultants providing advisory services to Presidents, CEOs, and Executive Vice Presidents in the areas of facilities planning, real estate, and capital programs to corporate and institutional clients. Omar received his Bachelor of Science degree from Cairo University, his Master of Science degree in Civil Engineering from the University of Southern California, and his MBA from New York University, Leonard Stern School of Business.