About the Company: Pacific Urban Investors (‘PUI’) is an industry-leading multi-family investment firm and pension fund manager. Headquartered in Northern California’s innovative Silicon Valley, PUI is focused exclusively on the multi-family 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, PUI has completed over $16 billion in apartment transactions on behalf of its own account and those of its strategic institutional partners. Today, PUI has six offices, with over eighty professionals and an owned apartment portfolio in excess of $9 billion. More information can be found at www.pacificurbaninvestors.com.
Position Overview
Job Description: We are currently hiring a Multifamily Investment Associate to join our Southern California team. Qualified candidates will have the analytical skills to accurately underwrite prospective multifamily investments throughout the Southern California markets, along with excellent verbal and written communication skills. Additionally, strong interpersonal abilities are needed to interface with brokers, owners, and internal executives. This position reports to the SVP, Investments, and is best suited for candidates with long-term aspirations of becoming an Investment Officer with direct sourcing responsibilities. Experience with multifamily investment properties is essential. This is an in-office position and works from our Los Angeles office, 5 days per week.
Primary Responsibilities & Duties:
Create and prepare valuations for potential multifamily acquisitions utilizing Microsoft Excel – using our internal models to incorporate market data and property operating history into each valuation
Research and analyze numerous submarkets, both from the desk and “in the field," to gain intimate knowledge of targeted opportunities
Track rent, sales, and new development activities through the assigned markets
Conduct and coordinate due diligence activities involving the audit of leases and financial operations, analysis of market competitors, synthesis of third-party reports, assessment of physical deficiencies, and renovation opportunities
Prepare and present materials to PUI’s Investment Committee
Participate in various analytical projects as required in the Investments Department
Some travel within the Southern California area will be required
May perform other duties as needed
Please Note:
For consideration, please reply to this job posting
No phone calls or emails to members of the firm
PUI would like to thank you for applying; however, due to the volume of responses received, only qualified candidates will receive a response
Local candidates only, no relocation expenses provided
Benefits Overview:
The compensation plan for this role will be commensurate with the skills required for the position. As such, it will be comprised of a base salary and an annual performance-based incentive, which is determined upon individual and portfolio performance. The Company offers a comprehensive benefits package to include:
Paid Time Off + Paid Holidays
Paid Sick Time
401k + Employer Contribution
Medical (H.S.A./HDHP option w/ Employer Contribution)
Dental
Vision
Flexible Spending Accounts
Group Term Life/AD&D
Voluntary Life/AD&D
Long-Term Disability
Buy-Up Long-Term Disability
Employee Assistance Program
Fitness & Wellness Program
Other Voluntary Plans
Depending on the role, other benefits such as commissions, an educational assistance program (tuition reimbursement), a referral program, and/or a car allowance may be applicable.
Education, Skills & Qualifications:
Bachelor’s degree required
3 - 5 years of relevant experience, including a sound fundamental knowledge of real estate financial analysis, due diligence, and market analysis; direct experience with multifamily real estate valuations is required
Strong proficiency in Microsoft Excel required, as well as proficiency with MS Word & PowerPoint
Demonstrated ability in interpersonal and business communications; excellent writing skills required
Marcus & Millichap Company ('MMC') is a privately held organization, based in Palo Alto, California, with a diverse family of operating companies under its umbrella. Each MMC company is a distinct fusion of real estate specialization and innovation powered by a culture of loyalty that permeates throughout. MMC’s operating companies are in the real estate service, real estate investment and real estate development spaces. Our companies have revolutionized numerous real estate practices and set the standard of success as a result of an unwavering focus on long-term, sustainable growth, as well as a unique blending of entrepreneurial drive with institutional discipline.
Our Operating Companies:
- MMC Technology Ventures (‘MMCT’): We primarily invest in post-Series A rounds, and we are committed to helping early-stage companies grow through utilizing their products internally and introducing entrepreneurs to MMCT’s vast network of real estate professionals.
- Meridian: We are a full-service commercial developer and provider of real estate services. Our team of experienced and talented real estate professionals provide comprehensive commercial building solutions and leads the wa...y in the development of modern building facilities.
- Pacific Urban Investors (‘PUI’): We are an industry leading multi-family investment firm and pension fund manager. We are focused exclusively on the multi-family rental space.
- Hanover Real Estate Investors: Our niche is providing joint venture equity capital to local and national developers and operators of real estate to facilitate the acquisition, reposition and/or development of multi-family and single tenant properties.
- SummerHill Apartment Communities: We are a developer of multi-family and mixed-use residential projects, specializing in development of the greater San Francisco Bay Area.
- SummerHill Homes: We are a specialty builder of mid-to high-end residential homes in superior settings throughout San Francisco Bay Area focusing on in-fill development locations. We are nationally recognized for our expertise in customizing development plans to accommodate the unique characteristics of a given development site.