Zachary Passios
Chicago,IL
Summary
People-driven real estate development professional with experience supporting multifamily and affordable housing projects from planning through execution. Known for building strong relationships, coordinating across diverse stakeholders, and keeping complex projects moving. Brings a hands-on background in operations and leasing, paired with working knowledge of development budgets, pro formas, and funding requirements that inform practical, real-world decision-making.
Overview
5
5
years of professional experience
Work History
Development Analyst
Cinnaire Solutions Corporation
02.2025 - Current
- Support the development and financing of affordable and mixed-income multifamily housing across the Midwest with a focus on LIHTC, HOME, AHP, and local gap funding.
- Prepare and maintain development pro formas, sources and uses, and operating projections used for state and lender underwriting.
- Coordinate multi-layered capital stacks involving tax credits, soft debt, conventional financing, and deferred developer fees.
- Assist with competitive funding applications, including narrative development, scoring analysis, and financial exhibits.
- Manage due diligence materials including market studies, cost certifications, environmental reports, zoning documentation, and compliance exhibits.
- Serve as a liaison between developers, lenders, public agencies, accountants, attorneys, and property managers to keep projects moving through critical milestones.
- Support asset management efforts for existing portfolio properties, including operating statement review, property tax analysis, capital planning, and lender reporting.
Operations Associate
3L Real Estate, LLC
01.2022 - 01.2025
- Increased portfolio occupancy to 95% by building and managing an intern program focused on leasing execution and operational oversight.
- Implemented an investor management system that improved reporting efficiency and investor communication.
- Assisted with structuring real estate syndications using a mix of traditional debt and equity, mezzanine financing, ground leases, and brownfield loans.
- Created weekly operating reports to monitor performance, flag risks, and identify opportunities for cost savings.
- Performed due diligence on acquisition, conversion, and refinancing opportunities.
- Prepared cash flow projections and budget analyses to support lease-up and stabilized operations.
Leasing Intern
3L Living
03.2021 - 12.2021
- Leased over 50 apartments, generating more than $500,000 in gross rental income.
- Conducted utility audits to ensure accurate billing and reduce operating inefficiencies.
- Performed demographic and market research to inform leasing and marketing strategies.
- Streamlined invoicing workflows across nine multifamily properties.
Education
Bachelor of Science - Commercial Real Estate And Marketing
Marquette University
Milwaukee12-2021
Skills
- Multifamily real estate analysis
- Investor Relations
- Section 42 LIHTC
- Multifamily Operations
- Asset Management
- Team Building
Timeline
Development Analyst
Cinnaire Solutions Corporation
02.2025 - Current
Operations Associate
3L Real Estate, LLC
01.2022 - 01.2025
Leasing Intern
3L Living
03.2021 - 12.2021
Bachelor of Science - Commercial Real Estate And Marketing
Marquette University