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
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)
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
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