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
Vice President, Acquisitions/Asset Management
Brookfield Real Estate Opportunity Fund ("BREOF") invests and manages 2 real estate opportunity funds sponsored by Brookfield Asset Management ("BAM") with a mandate to invest in opportunistic or distressed real estate situations targeted high "teens" levered returns...


Brookfield Asset Management LLC NY-New York 2/5/10
General Counsel/Managing Director
Real estate firm is seeking an experienced general counsel who has substantial asset management and capital markets experience. Individual should have heavy transactional experience including significant experience with finance, mezzanine and joint venture equity structures. Significant contacts ...


Confidential NY 2/4/10
Community Management Director
COMMUNITY MANAGEMENT DIRECTOR – REGIONAL PROPERTY MANAGER Fort Sill, OK Picerne Military Housing, a leader in the real estate development, construction and property management industry, is committed to providing America’s military families with the quality homes and neighborhood...


Picerne Military Housing OK-Fort Sill 2/1/10
Condominium Sales Manager
Seeking an experienced, enthusiastic, licensed agent to manage the sales of a new condominium in downtown D.C.Responsibilities will include, but are not limited to, touring, tracking, and following up with all prospects, developing marketing strategies, monitoring the competition, writing and neg...


REPSolutions VA-Alexandria 2/1/10
Intern to Partner – Manhattan (RE License required)
Massey Knakal – NYC’s Top Building Sales Firm  New York City’s #1 Investment Real Estate Brokerage firm seeks a College student (Junior or Senior) to act as the Intern to one of the firm's Partners and Top Producers, Shimon Shkury.  Operating out of our Manhattan o...


Massey Knakal Realty Services NY-New York 2/1/10
Sr Real Estate Associate
Investment banking firm headquartered in NYC is seeking an experienced senior real estate executive who has a proven track record in commercial real estate. Experience in acquisitions and equity and debt recapitalizations required.   Proficiency in Argus & Excel, stro...


Confidential NY 1/29/10
Portfolio Management Analyst
Be responsible for assisting the Senior Vice President - Portfolio Management and Vice President of Portfolio Management in the Portfolio and Asset Management Group of GID Investment Advisers, LLC which is part of The General Investment & Development Companies; a vertically integrated real es...


General Investment and Development MA-Boston 1/27/10
SENIOR ASSET MANAGER – Multi-family
  Our client is a leader in multi-family affordable housing development and construction, operating in four states and in Canada.  Company owns and operates of over 1,200 market rate and almost 2,000 affordable housing units in Dallas, Texas, Upstate New York, and Florida.  Company...


SelectLeaders NY-Buffalo 1/27/10
Regional Property Supervisor
We are seeking an experienced multifamily real estate professional to serve as the Regional Property Supervisor for our growing portfolio of residential multifamily properties in Lincoln Park, Lakeview, Rogers Park and South Shore areas of Chicago.  This person will supervise the management ...


Confidential IL 1/26/10
Asset Management Analyst Contractor
Provides entry level to intermediate analytical and technical support to the evaluation of assets and prospective leases. Prepares detailed spreadsheet based lease case preparation analyses and detailed cash flow analyses. Assists with annual budget and business plan preparations.  Understan...


USAA Real Estate Company TX-San Antonio 1/26/10

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