President & Partner
Scott Sternberg, the founder and sole owner of the PMI Group of Companies, has developed an impressive array of skills in the real estate industry through hands on experience over the last two decades. The PMI Companies include PMI Financial, Inc., a licensed brokerage firm responsible for consulting, sales, and financing, PMI Equities Corp., which is primarily involved in development, and PMI Management, which is responsible for the direct management of all properties in which PMI is involved. Under Mr. Sternberg’s leadership, PMI has been involved in hundreds of millions of dollars of transactions involving residential and commercial properties in numerous states and Canada. PMI extends its involvement through virtually all aspects of the real estate industry including owing, developing, financing rehabilitating and managing real estate. Having such extensive experience allows Mr. Sternberg to seek investment opportunities in whatever real estate activities present the best risk adjusted returns given the current economic conditions.
Mr. Sternberg brings innovative, yet practical ideas to any real estate deal. He has either individually, or through PMI, been directly involved in acquiring, managing, exchanging, building, rehabilitating, repositioning, leasing, financing, and disposing of thousand of apartments, hundreds of condominiums, numerous low and high rise office and medical buildings and shopping centers including regional malls, subdivisions involving thousands of acres of land, as well as mixed use projects. In addition, Mr. Sternberg has dealt extensively in the areas of debt restructuring, the purchase of discounted debt, entitlements, property tax appeals, and insurance recovery. Prior to PMI, Mr. Sternberg acted as principal with CIA Properties. Through extensive asset management of a portfolio in excess of $60 million, he was able to develop many of the skills that he today utilizes with PMI, skills proven to be successful through all economic conditions.
Mr. Sternberg was a Dean’s list scholar and graduated from the University of California Santa Barbara with a Bachelor of Arts, Business Economics, Magna Cum Laude. While attending college, he was initiated into the California chapter of the Omicron Delta Epsilon, the honor society in Economics, in recognition of his high scholastic achievement in the field of Economics. He has continued to enhance the many scholastic achievements he has obtained by responding to the changing real estate environment through advanced real estate courses at the University of California at Los Angeles and the Wharton School of Business, University of Pennsylvania. Mr. Sternberg also holds a real estate brokers license in the state of California.
Jeffrey Elliot Palmer
CTO and Partner
Jeffrey Palmer is responsible for the partnership’s strategy, planning, and product development. In the early 1990’s, Mr. Palmer headed the company’s acquisition program that purchased REO properties from banks and financial institutions during the real estate recession. While at PMI in the mid 1990’s, Mr. Palmer helped pioneer creative offices in Los Angeles. During that time period, he oversaw PMI’s re-development of Penn Station in Santa Monica, a converted warehouse property that is still considered the seminal multi-tenant creative office building in Los Angeles. Mr. Palmer also pioneered soft creative conversions of traditional office buildings by exposing their structural elements, opening the ceilings, and installing industrial finishes. In San Francisco after the dot com bust, Mr. Palmer is one of those credited in helping revive SOMA and reestablishing it as a dominant technology cluster. His experiment of creating one of the first buildings in SOMA catering exclusively to startup technology companies was a feature article in the Wall Street Journal in August 2010. The sale of two of the SOMA creative office properties in 2013 was described by the San Francisco Business Journal as record breaking for converted warehouses.
In 1993, prior to PMI, Mr. Palmer operated a business in partnership with Charles Dunn Company that served as court appointed receivers at the request of major financial institutions. From August 1988 to May 1992, Mr. Palmer served as Chief Operating Officer of Columbia Savings and Loan’s real estate division where he was responsible for the management and liquidations of the institution’s remaining $550 million dollar real estate and REO portfolio. Mr. Palmer served in this capacity through three managements including Columbia’s original owners, the Office of Thrift Supervision’s appointed management, and the Resolution Trust Corporation. From May 1984 to October 1988, Mr. Palmer was Chief Operating Officer and directed Columbia’s successful value enhancement portfolio which acquired over 2 million square feet of shopping centers, industrial parks, and office buildings for renovation, releasing, and sale within three years. Mr. Palmer also served on Columbia Savings’ loan committee.
Additionally, Mr. Palmer served as President of Wallace Moir Properties, a firm he founded with the Wallace Moir Company, which acquired and syndicated over $100 million of income property renovations through national stock brokerage firms. From February 1980 to July 1983, Mr. Palmer was Executive Vice President of Wallace Moir’s development company that built over 500,000 square feet of commercial space and 200 condominium units. From 1977 to 1980, Mr. Palmer served as vice president of a division of Kaufman and Broad where he was responsible for the acquisition of over 3,000 apartment units.
Mr. Palmer graduated with an MBA with distinction from the Wharton School at the University of Pennsylvania and Summa Cum Laude with a B.A. in Economics from the University of California at Los Angeles. Mr. Palmer has published numerous articles and served as editor for the Real Estate Investment Advisor Council’s real estate report and has moderated annual deal making conferences. On August 27, 2012, the Los Angeles Business Journal profiled Mr. Palmer as a pioneer in the development of creative office and tech properties in the Annual Who’s Who in Los Angeles Real Estate. Mr. Palmer currently is working on the creation of “creative apartments” that incorporate many of the design features popular in creative offices and contemporary lifestyles.
Chief Financial Officer
Edna oversees and directs all financial aspects of the business including accounting practices budgeting, financial analysis, reporting and monitoring of financial performance of PMI Management. Edna has an extensive background in the real estate investment and management industry which she acquired working for the past 16 years. She also has expertise and a licensed tax preparer. She received a degree of Bachelor of Science in Commerce Major in Accounting in one of the prestigious Universities in the Philippines.
Gabrielle Hakimian Ipale
Director of Asset Management
Gabrielle Hakimian Ipale is responsible for all asset management functions across PMI’s commercial portfolio in Southern California and San Francisco, as well as its Creative Multifamily portfolio in Los Angeles. She is involved in strategic planning, lender financing and financial analysis, and oversees all leasing and reporting on asset performance to PMI’s stakeholders. She has diverse domestic and international commercial real estate experience, across office, industrial, and mixed-use assets. Prior to joining PMI, she managed real estate transactions for The Walt Disney Company by planning and executing on strategic solutions throughout the United States. Also, while working with Jamison Service, she directed all daily operations and property management, with responsibilities for over 1- million square feet of office, retail, and parking in Downtown, Los Angeles.
Gabrielle completed a Masters in Real Estate Development from New York University where she worked on development projects in India and Chile, and earned a Bachelor of Arts in Communication with a pre-law concentration from the University of Southern California. She holds a California Salesperson license, and is a member of the Urban Land Institute and is actively involved with the non-profit JDC-Entwine.
Pedro Cala began working for PMI in May 2017. He oversees the day to day accounting of the Commercial Properties portfolio and works to facilitate a smooth flow of information between the different divisions of PMI. Pedro has worked for large regional REITs such as Arden Realty, and Hudson Pacific Properties. Pedro graduated from UCLA in 1999 with a B.A. in Political Science, and a B.A. in History
Senior Property Manager
Marigold Dunca is an experienced commercial property manager with a demonstrated history of working in the real estate industry since 2012. She has managed a portfolio of office, retail, industrial and mixed use properties in Los Angeles, California; Seattle, Washington and Park City, Utah. As commercial property manager, she directly interfaces with tenants, vendors and owners; oversees tenant improvements and property renovation projects; manages maintenance staff; prepares and implements property budgets; monitors rent collection, property income and expenses and reports to ownership.
She graduated cum laude from the University of Santo Tomas in Manila with a degree of Bachelor of Arts in Communication Arts. Marigold holds a Real Estate Salesperson License in California. Prior to moving to the US, Marigold was a news media personality in the Philippines.
Christopher Ofstad brings with him more than 20 years’ experience in managing, directing, marketing and auditing high-profile properties. Ofstad’s specialties include property acquisitions, renovation and remodeling, Fair Housing initiatives, and employee training techniques.
He began his career at R.W. Selby & Company. During his tenure, he quickly rose through the ranks by consistently maintaining a minimum 97 percent occupancy at every property – obtaining 100 percent occupancy on multiple occasions – in his portfolio with a constant focus on increasing net operating income. Since then, he has worked at some of the top real estate companies in the region, including Oakwood Worldwide, Leonardo Management and Premier Business Centers. With the belief that “No one is perfect, but we can all strive for perfection”, Ofstad dives into his assets headfirst, to improve curb appeal, maximize property performance, ensure superior customer service is provided, and develop on site teams.
He studied Liberal Arts and Business Marketing at College of the Canyons and California State University, Northridge, respectively, and also holds his California Real Estate License. A native Angeleno, he still resides in his hometown with his wife and son.
Cheryl Legan holds a Bachelors degree in Business Administration from the University of Arizona in 1975 with completed majors in finance, accounting and economics. Her graduate study includes Real Estate Law, Shopping Center Development and Estate Planning.
She has eight years in public accounting with an International “Big Six” accounting firm with emphasis in real estate partnership taxation, syndication and business management for high net worth individuals. Additionally, she has ten years experience with a major California real estate developer as controller for various divisions including commercial property management, real estate workouts and residual asset management.
Acquisition Director/Senior Analyst
Dan Tibbett graduated from the University Of California, Los Angeles in 2010 with a Bachelor’s degree in English. Working directly with Mr. Palmer, he supervises the underwriting, due diligence, and construction management of PMI’s Creative Multifamily program. Mr. Tibbett’s responsibilities include the evaluation of multifamily investment proposals, coordination with brokers and property management on potential and current investments, oversight of diligence efforts through all stages of acquisitions, and the maintenance of PMI’s current pipeline of projects.
Christine Damiani graduated from the University Of California, Los Angeles in 2008 with a Bachelor’s degree in Communication Studies. Ms. Damiani’s responsibilities include project managing, planning, permitting, scheduling, bidding, budgeting, funding and inspecting renovations.
Marketing Director & Assistant Project Manager
Sara Marino is the Marketing Director/Asst Project Manager responsible for residential marketing and apartment renovations.
Sara is responsible for multifamily marketing and apartment renovation including comping, setting rents, absorption, inventory analysis, rent increase administration, oversight of listings, turnover inspections, design, contracting, budgeting and value engineering of apartment renovations.
Construction Project Manager
Eric Rodriguez began his career over 25 years ago in construction. Over the years, Eric has undertaken many challenging projects as a superintendent and project manager on a variety of construction remodels in the commercial and residential markets. He has accumulated skills, know-how and experience in design, build and construction solutions, project managing, building trades and engineering. Eric holds a associates degree in construction technology. Eric takes on the roll of construction project manager which includes planning, permitting, scheduling, bidding, budgeting, funding, inspecting renovations of various capital and tenant improvements projects.
Fredy Ureta graduated from California State Polytechnic University, Pomona in 2019 with a Bachelor’s degree in Finance. Prior to joining the team, Fredy worked for a reputable real estate investment firm where he specialized in sales and acquisitions of multifamily real estate investments in Los Angeles County. Mr. Ureta’s responsibilities include market analysis, underwriting, acquisition due diligence, networking with brokers, developers, and contractors for new potential investments, and property evaluation.
Morgan Bleuel handles the day-to-day accounting activities for the commercial and residential portfolios. She has worked in accounting and business management for high net worth individuals for 19 years.