Commercial Real Estate Associate

  • Competitive
  • Newport Beach, CA, USA
  • Permanent, Full time
  • Pimco
  • 17 Oct 17 2017-10-17

Commercial Real Estate Associate

Position Description

Commercial Real Estate Team Overview
PIMCO currently invests in real estate opportunities primarily through its BRAVO III fund, and is in the process of realizing its $5.5 billion and $2.4 billion predecessor funds (BRAVO II and BRAVO I). The firm's U.S. real estate team sources, underwrites, and invests in private and public real estate opportunities, including direct real estate, mezzanine financing, commercial mortgage backed securities, and other real estate related investments. The team benefits from a flexible pool of capital with the ability to invest across asset types, geographies, and the capital structure. CRE Associates work closely with senior members of the team to assist in underwriting and executing real estate transactions for BRAVO and other PIMCO investment vehicles.
Daily Responsibilities:

  • Develop cash flow projection models with respect to investments, including direct investments, joint ventures, developments, structured finance, and performing/non-performing loan portfolios
  • Assist with all due diligence relating to new investments, including the review of business plans, third party reports, title/survey, historical financial statements, leases, vendor contracts, and market research
  • Assist with deal execution, including drafting and negotiating acquisition and joint venture term sheets, and reviewing deal documentation
  • Assist in underwriting of CMBS bonds
  • Procure asset level debt financing and implement hedging mechanisms as necessary
  • Support asset management of fund investments, including developing and executing business plans, and managing relationships with joint venture partners and third party service providers
  • Monitor and analyze the financial performance of investments
  • Create and maintain portfolio models as necessary
  • Prepare detailed Investment Committee memos and presentations
  • Support the development of new business initiatives in commercial real estate for PIMCO

Position Requirements

  • 1-3 years of relevant real estate investment banking or private equity experience. Asset-level underwriting experience highly preferred
  • Exceptional financial modeling skills and proficiency in Argus
  • Outstanding academic credentials and demonstrated leadership capabilities
  • Strong work ethic and integrity, candidate should be a team player that is proactive and self-motivated
  • Strong analytical, interpersonal communication, and writing skills
  • Ability to work effectively on multiple projects simultaneously

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.