Do a search on this topic has it has been explored in detail. We have used BOA guys on a number of real estate related LBO transactions and they have been great. I know they were at or near the top of the league tables the past two years.
since RE is an alternative asset class, is it harder to move to a HF/PE after an analyst stint? even if one is successful in jumping to a HF/PE, is he/she stuck doing RE?
BofA RE was great a couple years ago, but most of the hitters have since left and I wouldn't say it's really all that good anymore. Def not #1 in RE M&A by any means.
RE IB is the one industry group that is year after year dominated by the same bank - MS. Number two in RE is generally nowhere close to MS in terms of revenues and is likely to be GS, although ML had a very good '06.
Prescott, I literally read this a few days ago in Real Estate Alert: for 2007 BofA was #1 in real estate M&A. Unfortunately, the rankings section of their website hasn't been updated since June, but even then BofA was #2 and ML at #1, as you can see here: http://www.realert.com/Public/MarketPlace/Ranking/index.cfm?files=disp&…
Like I said, it was probably due to their debt capabilities. I find ti hard to believe, too - maybe they're fudging the numbers
I had a few friends in real estate at MS. Killer work environment (this would be in a bad way), I don't think I've ever seen anyone get screwed so badly. But I believe they're among the most profitable groups in the bank, which means good dealflow and exposure.
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Morgan Stanley? From all I heard they are certainly up there.
Yeah. MS is definitely in a league of their own.
Any strong boutiques?? I know M3 Capital Partners gets some pretty big deals, but are there any others?
I'm not sure about rankings, but Deutsche Bank has a superb real estate group with a great rep
MS is the best...BofA is pretty decent too.
Do a search on this topic has it has been explored in detail. We have used BOA guys on a number of real estate related LBO transactions and they have been great. I know they were at or near the top of the league tables the past two years.
since RE is an alternative asset class, is it harder to move to a HF/PE after an analyst stint? even if one is successful in jumping to a HF/PE, is he/she stuck doing RE?
Wachovia has a pretty good real estate group as well
Yeah, BofA was #1 in real estate M&A this year. Surprising, but I'm sure it had to do with their debt capabilities.
BofA RE was great a couple years ago, but most of the hitters have since left and I wouldn't say it's really all that good anymore. Def not #1 in RE M&A by any means.
RE IB is the one industry group that is year after year dominated by the same bank - MS. Number two in RE is generally nowhere close to MS in terms of revenues and is likely to be GS, although ML had a very good '06.
Prescott, I literally read this a few days ago in Real Estate Alert: for 2007 BofA was #1 in real estate M&A. Unfortunately, the rankings section of their website hasn't been updated since June, but even then BofA was #2 and ML at #1, as you can see here: http://www.realert.com/Public/MarketPlace/Ranking/index.cfm?files=disp&…
Like I said, it was probably due to their debt capabilities. I find ti hard to believe, too - maybe they're fudging the numbers
I had a few friends in real estate at MS. Killer work environment (this would be in a bad way), I don't think I've ever seen anyone get screwed so badly. But I believe they're among the most profitable groups in the bank, which means good dealflow and exposure.
Just be prepared to suffer.
Mollitia et corrupti ut qui dolorem et suscipit. Et omnis quisquam nihil similique facere consequatur. Ex rerum maiores error voluptatum. Architecto unde est non porro expedita maxime nihil.
Corporis omnis suscipit numquam enim. Voluptas qui est voluptates eveniet ipsam eum. Minima et pariatur ut ut repudiandae molestiae quas consequatur. Debitis laudantium reiciendis cupiditate.
Officiis fuga illum enim accusamus pariatur voluptates esse. Aut necessitatibus qui accusamus neque magni. Quam velit error sed unde maiores voluptas voluptatem. Ea eum voluptatibus natus qui explicabo enim accusantium. Qui ipsum et possimus ipsam autem.
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