David Boire
Santa Barbara,CA
Summary
Results-driven multifamily real estate investment executive with extensive experience in driving organizational success. Skilled in acquisitions, dispositions, and investments totaling over $1B in transactions. Full cycle investments (The Paskin Group) have resulted in a weighted 33% IRR for investors. Reputation for reliability and adaptability in achieving business objectives and leading teams.
Overview
18
18
years of professional experience
Work History
President
The Paskin Group
Santa Barbara, CA
04.2023 - Current
- Company Overview: Multifamily Investment and Property Management Firm
- Asset Growth: Grew the portfolio from $117M to $600M+ in 12 years.
- Sourced: $550M in acquisitions and $220M in dispositions.
- Fundraising: Created an investment arm to the company which included cultivating a group of 120 high-net-worth investors in partnership with the CEO. Co-fundraised over $150M from outside investors including $100M in 1031 exchange funds.
- 1031 Transactions: Managed over $300M in 1031 exchanges.
- Transaction Management: Led acquisitions process including PSA negotiations, refinances, and disposition process.
- Strategic Value Add: Created the investment thesis for 22 acquisitions, approximate capital budget of $2M.
- Debt Financing: $75M in refinances through Fannie Mae, Freddie Mac, and Life Co.
- Investor Communications: Direct contact for all investors. Created all quarterly and annual investor reports.
- Property Management: Responsible for operations of a $600M+ portfolio of 18 communities (2,806 apartment homes). Direct Reports included 7 key positions in Accounting, Operations, and Investments.
- People Management: Established a culture of positivity by demonstrating the company core values. Provide guidance while setting clear expectations and accountability.
- Previous Titles: Executive Vice President (2022 – 2023), Senior Vice President (2018 – 2022), Vice President (2016 – 2018), Director of Acquisitions (2013 – 2016)
District Manager
Nevins Adams Lewbel Schell (NALS)
Santa Barbara, CA
07.2007 - 12.2011
- Company Overview: A Multifamily Investment and Property Management Firm
- Property Management: Responsible for 4 communities with over 1,500 units. Direct Reports: 4 Property Managers.
- Underwriting: 150+ properties per year concentrated, which resulted in 2,400 units ($150M) acquired.
- Refinances: Lead analyst on $158M through Fannie Mae and Freddie Mac which impacted 50% of the portfolio.
- Previous Titles: Acquisition Analyst (2004-2007)
Education
Bachelor of Arts - Business Economics & Environmental Studies
University of California, Santa Barbara
01-2003
Skills
- Leadership team building
- Organizational leadership
- Strategic planning
- Operational excellence
Timeline
President
The Paskin Group
04.2023 - Current
District Manager
Nevins Adams Lewbel Schell (NALS)
07.2007 - 12.2011
Bachelor of Arts - Business Economics & Environmental Studies
University of California, Santa Barbara