Jake Rubenstein
Marina Bay Residence, Singapore
Summary
Director of Acquisitions with 10+ years of knowledge in real estate acquisitions, operations, due diligence, financial analysis, capital markets, investor relations, land use, and project management in myriad asset types (multifamily, independent & assisted living, MHP industrial, retail, office, hospitality, self-storage, fractured/bulk condos, development, land and etc)
Overview
15
15
years of professional experience
Work History
Director of Acquisitions
Prime Capital Investments (Multifamily Private Equity; $65MM+ AUM)
Newport Beach, California
11.2020 - Current
Senior Financial Analyst & Capital Markets
Prime Capital Investments (Multifamily Private Equity; $65MM+ AUM)
Newport Beach, California
04.2019 - 10.2020
- Successfully grew Prime Capital Investments from $10MM AUM to $65MM AUM in less than 3 years by managing multiple acquisitions ranging from 25 to 150 units with total individual capital stacks of $2MM to $31MM
- Led successful dispositions, by delivering strong investor returns of 41% to 100%+ IRR , through creatively constructing business plans to increase revenue, optimize occupancy, and reduce operating expenses, translating to 20-80% increased NOI
- Cultivated strong relationships with retail & institutional LP’s through creating marketing material, leading presentations and discussions resulting in individual investments ranging from $50K to $10MM+
- Built pipeline of deal flow for both on-market and off-market acquisitions, generating 1,000+ tracked deals, 500 reviewed deals, 250 underwritten deals, and 50 LOI's, producing 3-4 multi-million deals per year
- Utilized banking background to structure capital stack of individual deals, through successful total funding of $40MM+ of senior debt, $4MM+ of pref & mezz, and $22MM+ of common equity, optimizing investor returns
Business Development Representative
Wilshire Finance Partners (Private REIT; $100MM+ AUM)
Irvine, California
11.2018 - 03.2019
- Generated, qualified, recommended, and structured commercial and multifamily lending opportunities between $1- $7MM nationally, across a range of asset types
- Generated $30MM deal pipeline within the first 90 days of employment through effective network development, identifying new, and prospective clients
- Wilshire Finance Partners operates two private debt funds offering first trust deed mortgages, as well as preferred equity for distressed, value-add, or opportunistic deals
Senior Analyst
B/G Flynn, Inc. (CRE Appraisal Management Co.; $30MM/monthly)
Long Beach, California
01.2010 - 11.2018
- Reviewed larger, more complex real estate projects such as bridge financing for redevelopment of Downtown Burbank; renovation of a large warehouse in DTLA to mixed-use live/work/play/shop concept; Trump International Hotel in Waikiki
- Facilitated $850MM of commercial loans for Axos Bank
- Screened, contracted, managed, and reviewed appraisal reports throughout the United States
- Physically inspected high risk and/or high loan properties
- Assisted the special assets department in portfolio review
- Predominantly handled existing and planned multifamily/condo and mixed-use (retail/multifamily) with knowledge of office, light industrial, single family residencies, mobile home parks, small income producing properties and special assets
- Produced weekly, monthly, and yearly performance reports
- Provided training for underwriters on real estate analysis
- Oversaw contracts of multiple vendors on an array of real estate services.
Program Specialist
Center for International Trade Development (CA State Funded)
Santa Ana, California
01.2009 - 01.2010
- Managed a budget in excess of $500,000
- Researched and wrote proposals and local and federal grants, such as MDCP from US Commerce ($300K), Business and International Education ($200K), various workforce development grants ($100K+), and the Port of Long Beach (apx$50K)
- Interacted with local, state and federal trade and regulatory agencies, as well as foreign trade commissions and trade associations, to achieve business success for clients
- Facilitated the export of goods; counseled clients on international trade
- Planned, developed, scheduled, coordinated and monitored training courses and workshops on international trade
- Researched and prepared clear, concise and comprehensive custom market research reports
- Trained and managed college interns
- Helped oversee the marketing and outreach campaign.
Education
-
Jacobs University Bremen
Germany05.2008
Skills
- Asset Management
- CRE Financial Modeling / Argus
- Deal Sourcing & Business Development
- Salesforce & MailChimp
- Vendor Management & Negotiations
- Knowledgeable in major RE databases (CoStar, LoopNet, MLS, YardiMatrix, etc)
- Real Estate Analysis
- Zoning & Land Use
- Project Management
- Strong research, analytical, and writing skills
- Data visualization & business intelligence software
- Grant writing & management
Websites
Timeline
Director of Acquisitions
Prime Capital Investments (Multifamily Private Equity; $65MM+ AUM)
11.2020 - Current
Senior Financial Analyst & Capital Markets
Prime Capital Investments (Multifamily Private Equity; $65MM+ AUM)
04.2019 - 10.2020
Business Development Representative
Wilshire Finance Partners (Private REIT; $100MM+ AUM)
11.2018 - 03.2019
Senior Analyst
B/G Flynn, Inc. (CRE Appraisal Management Co.; $30MM/monthly)
01.2010 - 11.2018
Program Specialist
Center for International Trade Development (CA State Funded)
01.2009 - 01.2010
-
Jacobs University Bremen