(SeaPRwire) –   IRVINE, Calif., April 2, 2026 — Passco Companies is pleased to announce that Andrew Dannenbaum, Vice President of Operations, has been awarded the winner of the 2026 NMHC Young Guns Pitch Competition. The event took place during the National Multifamily Housing Council (NMHC) Annual Conference, held at the ARIA Resort & Casino in Las Vegas, Nevada.

Now in its 15th year, the Young Guns Pitch Competition is a prominent and eagerly awaited event within the multifamily industry. It serves to highlight emerging leaders and their investment acumen. Competitors are tasked with presenting a real-world deal to a panel of experienced industry professionals who act as a mock investment committee.

This year’s competition focused on a multifamily asset in Ft. Lauderdale, Florida, that was not performing optimally. Participants were challenged to create and present a thorough business plan for moving forward, aiming to persuade the investment committee (judges) that the asset presented a strong opportunity for recapitalization. Each contestant was required to argue against selling the property, instead proposing a strategy to stabilize operations, enhance profitability, and generate value. The proposals were expected to demonstrate the capability to achieve at least a 10% levered Internal Rate of Return (IRR) for existing investors and a 15% levered IRR for new recapitalization investors over a five-year holding period. This was to be supported by detailed financial analysis, practical asset management strategies, and the incorporation of proptech or AI-driven solutions.

Dannenbaum stood out among a group of talented rising professionals, delivering a persuasive, data-backed analysis and strategic recommendation that secured the top prize from the judging panel.

“Andrew’s accomplishment is a clear indication of his analytical skill, strategic foresight, and profound grasp of multifamily operations,” stated Alan Clifton, Chief Operating Officer of Passco Companies. “We are extremely proud to see his abilities acknowledged on a national level.”

In his role as Vice President of Operations at Passco Companies, Dannenbaum plays a crucial part in supporting the firm’s investment platform through data analysis, research, and special projects. His contributions aid in guiding organizational decisions and strengthen Passco’s capacity to identify and pursue high-quality investment prospects.

“This competition brings together some of the brightest young minds in the industry, so to be on that stage, represent Passco, and emerge as the winner is an immense honor. Being able to do what I love – pitching, thinking innovatively, and competing alongside peers I deeply respect – made it even more meaningful. It’s a moment I will cherish for a long time,” Dannenbaum commented.

Dannenbaum’s victory reinforces Passco Companies’ dedication to nurturing talent and leadership within the multifamily sector.

About Passco Companies:
Passco Companies is a real estate investment firm that specializes in acquiring and managing multifamily and commercial properties across the United States. With decades of experience navigating market cycles, exceptional insight, and strong industry connections, Passco has become a leading provider of 1031 exchange real estate investment opportunities. Passco manages $4.3 billion in assets under management, with a portfolio spanning 17 states.

For additional information, please visit www.passco.com.

Contact:
Stacy Stemen
Passco Companies
(949) 263-7912
sstemen@passco.com

SOURCE PASSCO COMPANIES