Multi-family Jobs

Multi-family real estate is a building or group of buildings which houses multiple persons or families in separate units and, while residential in function, is considered commercial real estate. Multi-family status can range from five units to five hundred and more. The industry caters to many different demographics and lifestyles, including student housing, affordable housing, and luxury residential condominiums. Typically, the demand for multi-family fluctuates with the single-family housing market. When interest rates are low and the economy is growing, demand for multi-family declines as people move out of apartments in favor of owning a home. Likewise, when the economy slows or housing becomes too costly, demand for multi-family rises. The multi-family sector is one in which most residents lease their unit and pay rent to a landlord who owns the property. The only exception is the condominium resident who owns their unit but will pay condo association fees for maintaining the common areas of the building.

Information on this page provided courtesy of Cornell University Program in Real Estate
Information Provided by Cornell University

Professional Reading and Resources

  • "Apartment Finance Today"
  • "Affordable Housing Finance"
  • "Journal of Housing Economics"
  • "Multi-Housing News"
  • "Units Magazine"

Industry Segments

  • Student Housing
  • Affordable Housing
  • Luxury Apartments
  • Workforce Housing
  • Townhouse & Garden Apartments
  • High Rise Residential Towers
  • Condominiums

Looking to the Future

Multi-family real estate will always be an essential part of the housing supply in the United States. Its major appeals are the flexibility of leasing, no property taxes, and the affordability of little out of pocket expense. Currently, the single family housing industry is experiencing steep declines in overall sales and new home starts, resulting in increased pressure on apartments. The origination of sub-prime loans and adjustable rate mortgages in recent years has severely crippled the credit market. As these loans are defaulting, banks are losing money and people are losing their homes. All of these occurrences signal increased demand for the multi-family sector, resulting in hiring across the multi-family platform. As more workers elect to go back to school during bad economic times, the demand for student housing will also increase as will rental options for seniors. Multi-family housing vacancies are expected to decrease over the next three years as apartment development fails to keep up with increased demand. Eventually credit will begin to flow back into the housing market, the economy will improve, and renters will again become buyers. It will be the multi-family owners and operators that cater to their target market and maintain quality properties that will continue to be successful in the years to come.

Top Multi-family Companies

  • MMA Financial LLC
  • Archstone-Smith
  • AIMCO
  • SunAmerica Affordable Housing Partners, Inc.
  • Equity Residential

Top Markets

Markets are ranked based on their cumulative weighted-average scores for various indicators, including forecast employment change, vacancy, construction, housing affordability and rents.

MSARank 2009Rank 200808-09 Change
San Francisco110
San Diego28+6
Washington, D.C.39+6
Los Angeles46+2
Seattle52-3
Oakland65-1
San Jose74-3
Orange Country87-1
New York City93-6
Portland10100

Source: Marcus & Millichap 2009 National Apartment Report

From the SelectLeaders/Cornell Job Barometer, Fall 2008

Sector Quick Facts

Source: NAREIT www.reit.com "Annual Index Values & Returns, 1972-2008"

From the SelectLeaders/Cornell Job Barometer, Fall 2008



Job Title / Description     Hide Description Company Location Posted
Senior Real Estate Analyst/Underwriter
Real estate investment banking firm headquartered in NYC is seeking experienced real estate analysts and underwriters to work on a consulting basis in both our principal and advisory transactons group.  Candidates working in our loan sale advisory group or principal acqui...


Confidential NY 11/5/09
Vice President and Analyst Positions
Vice President and Analyst Positions  Savills is an international real estate investment banking firm offering the highest quality services in investment sales, debt and equity placement and strategic advisory work. The company's expertise spans the full range of property types...


Savills LLC NY-New York 11/5/09
Regional Manager
The Regional Manager is responsible for the management of a portfolio of apartment communities in a given geographic area.  This person is focused on the financial performance of each community, ensuring that it is properly staffed and managed to provide an optimal return to the investors.&n...


Bell Partners, Inc. NC-Charlotte 11/4/09
Multifamily Property Management Controller
Multifamily Property Management Controller  A multifamily real estate property management company is seeking a controller for its Las Vegas office.   The scope of responsibilities includes all aspects of property management accounting: A/R, A/P, account reconciliation, monthly fina...


Confidential NV 11/3/09
VP of Property Management
Vice President of Property Management (Multifamily) Fore Property Company (FORE) is a full service, national real estate company that owns, manages, develops, and builds market rate and tax credit multifamily properties.  The affiliated companies of FORE have been among the leading nati...


Fore Property Company NV-Las Vegas 11/3/09
Underwriter
CBRE Multifamily Capital Inc. is seeking a Multifamily Underwriter with 2 - 3 years multi-family underwriting experience to work within the Fannie Mae DUS group. Primary responsibilities include reviewing and preparing field underwriting submissions for loan committee and investor submission. ...


CB Richard Ellis MA-Boston 11/2/09
Vice President of Construction
JOB DESCRIPTION VICE PRESIDENT OF CONSTRUCTION   PROJECT/PRACTICE RELATED COMPETENCIES Integrated Development Group and its affiliates develop, design, construct and operate luxury senior living projects with a primary focus on continuing care retirement communities in the con...


Integrated Development Group LLC IL-Northbrook 10/30/09
FHA / HUD Multifamily Underwriter
Arbor Commercial Mortgage, LLC provides debt and equity financing for multifamily, seniors/healthcare and commercial real estate. A national lender, Arbor is headquartered on Long Island in Uniondale, New York, and has additional offices throughout the United States.   Arbor has bu...


Arbor Commercial Mortgage, LLC MA-Boston 10/26/09
FHA / HUD Analyst
Arbor Commercial Mortgage, LLC provides debt and equity financing for multifamily, seniors / healthcare and commercial real estate. A national lender, Arbor is headquartered on Long Island in Uniondale, New York, and has additional offices throughout the United States. Arbor has built a repu...


Arbor Commercial Mortgage, LLC MA-Boston 10/26/09
Team Leader, Surveillance
Team Lead Surveillance Prudential Asset Resources is seeking an experienced Team Lead for the Surveillance Department. This position will be located in Dallas, Texas, and report to a Director of Servicing.Prudential Asset Resources is a subsidiary of Prudential Mortgage Capital Company and o...


Prudential TX-Dallas 10/22/09

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