Investment Professional - CRE Equity Acquisitions
PIMCO · Newport Beach, United States · 1mo ago
PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.
Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.
Commercial Real Estate Team Overview
PIMCO's Real Estate platform invests across a broad spectrum of real estate opportunities through a range of investment vehicles, including the PIMCO Real Estate Opportunities Fund (PREO) and the PIMCO Flexible Real Estate Income Fund (REFLX). The platform seeks to capitalize on market dislocations and create value through investments across property types, geographies, and the capital structure.
The U.S. Real Estate team invests across direct real estate, joint ventures, preferred equity, mezzanine financing, CMBS, and other real estate-related opportunities. Leveraging PIMCO's global platform, flexible capital base, and deep market relationships, the team pursues compelling risk-adjusted opportunities across sectors and market cycles.
This role will be instrumental in sourcing, underwriting, structuring, executing, and managing real estate equity investments on behalf of PREO, REFLX, and other PIMCO investment vehicles. This individual will work closely with senior investment professionals and portfolio managers while serving as a key interface with operating partners, borrowers, brokers, lenders, and third-party advisors.
Location: Newport Beach
RESPONSIBILITIES
Investment Sourcing & Origination
Identify, source, and evaluate new investment opportunities across property sectors, markets, and capital structures.
Develop and maintain relationships with owners, operators, developers, brokers, lenders, and industry participants to create differentiated deal flow.
Originate off-market and negotiated transaction opportunities and represent PIMCO in the marketplace as a senior member of the investment team.
Drive investment pipeline development and contribute to strategic investment themes and sector initiatives.
Underwriting & Investment Analysis
Lead comprehensive underwriting and valuation analyses for direct acquisitions, developments, recapitalizations, joint ventures, structured equity investments, and portfolio transactions.
Build, review, and challenge sophisticated financial models to assess returns, risk scenarios, capital structures, and sensitivities.
Evaluate market fundamentals, business plans, leasing assumptions, operating strategies, development risks, and exit scenarios.
Form independent investment views and make recommendations regarding transaction structure, risk mitigation, and portfolio fit.
Transaction Execution
Lead all phases of transaction execution from initial screening through closing.
Coordinate and oversee due diligence efforts, including legal, accounting, tax, environmental, engineering, title, leasing, and operational reviews.
Structure and negotiate acquisition agreements, joint venture agreements, operating agreements, financing documents, and other key transaction documentation.
Manage internal and external stakeholders to ensure efficient execution and successful transaction outcomes.
Portfolio & Asset Management
Oversee the performance of assigned investments and actively participate in value creation initiatives.
Partner with operating partners and asset managers to develop, refine, and execute business plans.
Monitor investment performance relative to underwriting assumptions and identify opportunities to enhance returns or mitigate risks.
Participate in financing, refinancing, recapitalization, hold/sell analyses, and disposition strategies.
Investment Committee & Strategic Leadership
Lead the preparation and presentation of Investment Committee memoranda and recommendations.
Present investment opportunities to senior management, portfolio managers, and investment committees.
Contribute to portfolio construction discussions, capital allocation decisions, and market strategy formulation.
Provide thought leadership regarding sector trends, market dynamics, and emerging opportunities.
Team Leadership & Mentorship
Mentor and develop Associates and junior investment professionals.
Review underwriting models, investment materials, and transaction analyses produced by junior team members.
Foster a collaborative, high-performance team environment and serve as a role model for PIMCO's culture and values.
REQUIREMENTS
6-12 years of relevant experience in real estate private equity, acquisitions, investment management, real estate investment banking, or institutional real estate investing.
Demonstrated experience leading the underwriting and execution of commercial real estate transactions.
Strong understanding of property-level underwriting, portfolio analysis, market fundamentals, debt financing, and joint venture structures.
Proven ability to manage transactions independently and coordinate multiple workstreams simultaneously.
Established industry relationships and a history of generating actionable investment opportunities.
Ability to independently lead transactions from origination through closing and ongoing asset management.
Demonstrated success presenting investment recommendations to senior investment committees and executive stakeholders.
Deep understanding of commercial real estate markets, investment strategies, capital markets, and portfolio construction.
Preferred Qualifications
Experience investing across multiple property sectors, including industrial, multifamily, residential, hospitality, retail, and specialty asset classes.
Background in core+ / NNN, value-add, opportunistic, and distressed investing strategies.
MBA, CFA, CAIA, or other advanced professional designation preferred but not required.
Strong academic credentials.
Salary Range: $ 205,000.00 - $ 305,000.00
Equal Employment Opportunity and Affirmative Action Statement
PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.
Applicants with Disabilities
PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.