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Associate, Multifamily Asset Management

Structured Finance | Palo Alto, CA | Full Time

Job Description

About Us

About the Company: Pacific Urban Investors (‘Pacific’) is an industry leading multifamily investment firm and pension fund manager. Headquartered in Northern California’s innovative Silicon Valley, Pacific has expanded nationwide with additional offices in Washington, Colorado, New York, and Washington DC. Pacific is focused exclusively on the multifamily rental space. The firm has successfully deployed well-timed strategies to the benefit of its institutional partners and stakeholders throughout the United States. Since its inception in 1998, Pacific has completed over $7 billion in apartment transactions on behalf of its own account and those of its strategic institutional partners. Today, Pacific has over seventy professionals and an owned apartment portfolio in excess of $5 billion.

This position is part of Pacific’s Structured Finance team.  The investment strategy of Pacific’s Structured Finance Group focuses on providing joint venture LP and co-GP equity capital, as well as preferred equity, to developers and operators of real estate to facilitate the development and/or repositioning of multifamily properties.

Pacific Urban Investors is an affiliate of Marcus and Millichap Company. More information can be found here:

Position Overview

Job Description: The general role of the Associate, Asset Management is to actively assist in the management of a portfolio of multifamily assets on the West Coast to optimize asset value. The Associate, Asset Management will assist in the evaluation of asset performance against investment benchmarks, and in development and execution of asset strategies. Specifically, they will be responsible for monitoring all aspects of the leasing performance and impact on value through ad-hoc modeling, hold/sell analysis, and alternative scenario modeling/analysis. They will also be responsible for providing periodic support and coordination to the preparation of the property reports and participate in the budget approval process.

 Primary Duties & Responsibilities:

  • Attend weekly or bi-weekly check-in calls with sponsors and property managers to review and approve leasing, renewals, and renovation (if applicable) strategies.
  • Research and analyze submarkets in all investment submarkets; work with sponsors to track rents and position assets to gain competitive advantages.
  • Prepare hold/sell analysis to assist critical asset decisions; contribute asset and market level feedback to ensure accurate valuations are maintained; prepare ad hoc financial modelling to provide analytical tools for decision making.
  • Work with partners to determine additional capital needs and scope; obtain approval if additional capital is recommended; review and prepare capital call funding requests and coordinate with accounting to fund required capital.
  • Assist in investment, refinancing and disposition due diligence and closings; coordinate with various internal and external parties to ensure successful transaction closings.
  • Review and approve annual business plan, operating and capital budgets, monitor variance comments in the financials; provides analysis of property performance relative to budgeted targets.
  • Work with accounting and respond to questions and requests.
  • Prepare quarterly and monthly reporting for various internal groups.
  • May perform other duties as needed.


  • Bachelor’s degree in Real Estate, Finance, Accounting, Economics, or related field from a 4-year college is required. Post graduate education a plus.
  • 3 - 5 years’ experience in commercial and/or multifamily real estate, underwriting or valuation experience is required.
  • Analytical problem solver that can creatively devise solutions and provide tactical advice/implementation strategies.
  • Effective interpersonal, communication (speaking and writing) and listening skills.
  • Strong financial skills including fluency with Microsoft Excel, Word and PowerPoint are essential.
  • Ability to understand and interpret various types of real estate related agreements and language; Ability to undertake detailed analyses to make well-reasoned, decisive recommendations.
  • The ability to multi-task in a complex, high-volume environment, and work with all levels of management and personnel on critical projects are required. Ability to prioritize, organize, time manage, balance competing deadlines, and be a self-starter are essential.
  • This job requires periodic overtime and the potential for limited travel within the United States.


  • Pacific would like to thank you for applying; for efficiency in evaluating candidates, please provide information to the contact noted herein and do not contact staff members, directly.
  • Due to the volume of responses received, only qualified candidates will receive a response.
  • Local candidates preferred.
  • Pacific is currently following a hybrid model until further notice.