Real Estate Associate (Equity)

Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.

We’re actively seeking a talented Real Estate Associate to join our Real Estate Equity team in Newport Beach, CA. This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.

As a Real Estate Associate, you’ll play a key role in Pacific Life’s growth and long-term success by providing analytical, underwriting, due diligence, and closing support for the Real Estate Equity team. The Real Estate Equity team focuses on a variety of property types (multi-family, industrial, etc.) and strategies across the United States including acquisitions (core, core-plus, and value-add), ground-up developments, and capital transactions which may also include mezzanine and preferred equity. Pacific Life's real estate portfolio currently consists of 78 investments worth over $12 billion in market value, including almost 30,000 residential units, 3 million commercial square feet, as well as multiple commingled funds and programmatic ventures

How you’ll help move us forward:

• Provide analytical and underwriting support in order to determine the merits and risks of investment opportunities, ensuring alignment with investment objectives.
• Conduct research and evaluation of locational, market, and property-specific data to inform investment decisions.
• Perform comprehensive analyses of economic and demographic data.
• Perform detailed rent roll, income, and expense analysis, organizing and supporting the analysis to draw objective conclusions.
• Prepare and present investment analyses and narratives, offering verbal and written recommendations to Pacific Life's Real Estate Investment Committee.
• Lead due diligence and closing processes for prospective transactions, including reviewing transaction documents and third-party reports.
• Interface with institutional-quality joint venture partners, brokers, lenders, and third-party service providers, while working cohesively with in-house teams across asset management, legal, construction services, capital markets, and mortgage loan origination and servicing teams.
• Collaborates with senior staff in evaluating risk/reward issues, underwriting, structuring, pricing and execution of investment transaction.
• Provide support in identifying, sourcing and vetting new relationships.
• Some travel required to evaluate investment markets and opportunities.

The experience you bring:

• Bachelor's Degree (BS/BA)
• 5+ years of experience in evaluating and underwriting investment merits and risk associated with commercial real estate.
• Experience with multi-family
• Strong in software applications for real estate analysis including Microsoft Word, Excel, PowerPoint and Argus, with ability to quickly learn new program applications.
• Excellent analytical, research and creative problem-solving abilities.
• Strong communications and presentation skills, able to interface with top level executives.
• Excellent organizational and time management skills to prioritize workflow and deadlines, self-starter with the ability to work independently with a team player attitude.

What makes you stand out:

• A Master’s Degree in Real Estate or MBA – strongly preferred
• Industrial and office experience is desirable

Note: Job level may vary based on skills and experience.

You can be who you are.

People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.

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Base Pay Range: