IRVINE, Calif., April 2, 2026 /PRNewswire/ — Passco Companies is proud to announce that Andrew Dannenbaum, Vice President of Operations, has been named the winner of the 2026 NMHC Young Guns Pitch Competition, held during the National Multifamily Housing Council (NMHC) Annual Conference at the ARIA Resort & Casino in Las Vegas, Nevada.
Now in its 15th year, the Young Guns Pitch Competition is a premier and highly anticipated event in the multifamily industry, spotlighting emerging leaders and their investment expertise. Participants are challenged to present a real-world deal to a panel of seasoned industry veterans acting as a mock investment committee.
This year’s competition centered on an underperforming multifamily asset in Ft. Lauderdale, Florida. Competitors were challenged to develop and present a comprehensive go-forward business plan, convincing the investment committee (judges) that the asset represented a compelling recapitalization opportunity. Each contestant was required to take the position that selling was not the optimal path and instead outline a strategy to stabilize operations, improve margins, and drive value creation. Proposals were expected to demonstrate the ability to deliver at least a 10% levered IRR for existing investors and a 15% levered IRR for new recapitalization investors over a five-year hold, supported by detailed financial analysis, hands-on asset management initiatives, and the integration of proptech or AI-driven solutions.
Dannenbaum distinguished himself among a competitive field of rising professionals, delivering a compelling, data-driven analysis and strategic recommendation that earned top honors from the judging panel.
“Andrew’s achievement is a testament to his analytical rigor, strategic thinking, and deep understanding of multifamily operations,” said Alan Clifton, Chief Operating Officer of Passco Companies. “We are incredibly proud to see his talents recognized on a national stage.”
As Vice President of Operations at Passco Companies, Dannenbaum plays a key role in supporting the firm’s investment platform through data analytics, research, and special projects. His work helps inform decision-making across the organization and enhances Passco’s ability to identify and execute on high-quality investment opportunities.
“This competition brings together some of the best young talent in the industry, so to stand on that stage, represent Passco, and come out victorious is an incredible honor. Getting to do what I love: pitching, thinking creatively, and competing alongside peers I respect so much made it even more special. It’s a moment I’ll carry with me for a long time,” said Dannenbaum.
Dannenbaum’s win underscores Passco Companies’ commitment to fostering talent and leadership within the multifamily sector.
About Passco Companies:
Passco Companies is a real estate investment company specializing in the acquisition and management of multifamily and commercial properties throughout the United States. Leveraging decades of experience through market cycles, unparalleled insight, and deep industry relationships, Passco has become a leading provider of 1031 exchange real estate investment opportunities. Passco has $4.3B AUM and the portfolio spans across 17 states.
For more information, visit www.passco.com.
Contact:
Stacy Stemen
Passco Companies
(949) 263-7912
sstemen@passco.com
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SOURCE PASSCO COMPANIES
