Director of Capital Markets
Pacific Urban Investors
Adam is a senior real estate investment professional with over 20 years of industry experience in the multifamily asset class, with leadership expertise in capital markets, investment management, fundraising, acquisitions, development and portfolio management.
Adam serves as Director of Capital Markets at Pacific Urban Residential, a national multifamily owner, operator and investment manager. In his role, Adam brings leadership to several strategic growth initiatives for the firm, including oversight of capital raising and expansion of Pacific’s expanding discretionary investment management platform as well as responsibility for the firm’s acquisition expansion in new Eastern U.S. markets.
Adam was formerly a Senior Managing Director with Waypoint Residential, a national, vertically integrated real estate investment manager focused on acquiring and developing market rate, student housing and senior housing properties. Adam was responsible for leading Waypoint’s capital raising efforts as well as expanding its fundraising strategies. During Adam’s tenure, the firm raised $390 million of new equity capital, and closed 28 new acquisition and development transactions, totaling over $1 billion capitalization.
Prior to joining Waypoint, Adam was a Managing Director, Portfolio Manager and Divisional Partner at Alliance Residential Company, one of the largest, private multifamily companies in the U.S. At Alliance, Adam led institutional investor fundraising and portfolio management efforts for the firm’s discretionary investment management platform. Adam also started and led all facets of the company’s development, construction and acquisition activity in the Northeast and New England. Prior to Alliance, Mr. Fruitbine was a Managing Director and Partner at The Tuckerman Group, formerly an affiliate of State Street Global Advisors, responsible for sourcing and structuring new transactions nationally, as well as managing institutional investor capital relationships.Education
Adam received his B.B.A. in International Business from The George Washington University and an M.S. in Real Estate Finance from New York University.Professional Organizations
Adam is currently the Chair of the Urban Land Institute’s (ULI) Multifamily Gold Product Council, and member/former Finance Chair for the National Multi Housing Council (NMHC). Adam is also a member of the Pension Real Estate Association (PREA).