We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $1.92 trillion in assets for clients around the world. PIMCO has over 2,800 employees in 17 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.
PIMCO is one of the world's premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.
Commercial Real Estate Team Overview PIMCO currently invests in real estate opportunities primarily through its BRAVO III, 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.
Location: New York, NY
Support the development of new business initiatives in commercial real estate for PIMCO
Assist with deal execution, including drafting and negotiating acquisition and joint venture term sheets, and reviewing deal documentation
Develop regional and sector level expertise
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 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
Monitor portfolio models as necessary
Prepare detailed Investment Committee memos and presentations
Oversee cash flow projection models with respect to investments, including direct investments, joint ventures, developments, structured finance, and performing/non-performing loan portfolios
6-10 years of relevant real estate investment banking, private equity experience or direct commercial real estate operator/developer experience. Transaction experience highly preferred.
Exceptional knowledge of asset level and portfolio modeling mechanics and real estate data sources
Outstanding academic credentials and demonstrated leadership capabilities
Strong work ethic and integrity; candidate should be a team player who is proactive and self-motivated
Strong analytical, interpersonal communication, and writing skills
Ability to work effectively on multiple projects simultaneously
PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being of you and your family. Benefits vary by location but may include:
Medical, dental, and vision coverage
Life insurance and travel coverage
401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
Community involvement opportunities with The PIMCO Foundation in each PIMCO office