Mods, can we get a ban on Nancy-Hubert, chief scumbag of Rentberry? Get your transparent product plugs outta here. Quit being a jagoff. ...
|2||16 min 28 sec ago|
Assuming someone wants to stay in Manhattan in the intermediate term, I just did a very quick analysis if buying a condo or similar real estate in Manhattan is a good investment. Of course qualitative factors ultimately govern such a decision, I was wondering what people's thoughts are on the attach...
|21||20 min 25 sec ago|
Hello All. My name is Jason Gonzalez, I'm a licensed Real Estate agent on Wall Street. Looking to expand and grow my network. Currently focus on Residential Real Estate but looking to expand into investments. ...
|12||1 hour 7 min ago|
First off, I want to thank all of you for providing me with a plethora amount of responses and discussions to read and learn from. A little about myself, I am 21 years old, MBA Candidate at a NY school. I am very familiar with my schools area and the current off campus housing situation. I am a valu...
|24||1 hour 9 min ago|
Hey guys, I have a client who is expanding nationally and has been opting for a developer partnership over a standard lease or purchase. So far this has not been an issue because I have been able to leverage my developer connects in their current market. Obviously I do not have connections in every ...
|1||1 hour 30 min ago|
I've read a lot of articles about articles about this service. But has anyone used it? Is free or not? Is it easy to list a property there? ...
|0||2 hours 32 min ago|
To any and all investment sales brokers out there. I am a new associate at a well known commercial real estate brokerage focusing on multifamily investment sales. Here is my question: For any of the newbies or experienced brokers, are you preparing your own proposal/pitch books? I am new to the bus...
|7||9 hours 12 min ago|
In the process of discussing a VP level position with an affordable developer (mostly 4% LIHTC deals). My background is primarily market rate value add multifamily and commercial. I was curious if they comp structure for affordable groups is similar or less than what it would be for a pure play equ...
|15||12 hours 32 min ago|
BGC entered the commercial real estate industry in 2011 with the acquisition of Newmark Knight Frank. In April 2012 it acquired assets of Grubb & Ellis Company and formed the industry powerhouse Newmark Grubb Knight Frank (NGKF). NGKF is one of the world's leading commercial real estate advisory...
|0||15 hours 27 min ago|
Whats the lifestyle like in real estate ibanking? is pay similiar as well? ...
|8||15 hours 59 min ago|
I'm trying to decide between a possible internship with HFF vs a job working for a Hedge Fund (~600MM) that specializes primarily in lending (private money, bridge, a-paper, etc.). I wanted to ask if any of you have opinions on advantages and disadvantages of these two very different career paths. ...
|6||17 hours 40 min ago|
So I have been sending out emails to firms that interest me to higher ups. Just got one response back from a small firm (Hospitality) MD. He responded setting up a call. I'll ask him questions about his firm and such but any other advice for these? I gave him my resume as well in initial email. Let'...
|18||20 hours 25 min ago|
WAFRA and the art of Financial Racketeering Ever since the financial crisis the fund management industry has lived through many difficult situation involving arguments between investors and managers. However no ups and down have matched what seems to be an alarming occurrence of blackmailing and rac...
|This topic has been moved|
Starting this Fall and have a bunch of questions. If any of the above is cool with a long PM let me know. ...
|7||21 hours 10 min ago|
I am looking for tips/ pointers on finding potential partners for JVs in the real estate space. I have reached out to a buddy law firm which specializes in drafting JV agreements. Whether that is an effective means is yet to be determined. I guess my question is twofold in that what tweaks would I ...
|5||23 hours 43 min ago|
What are the top websites that most of you guys use to keep up to date on RE news, mostly CRE? Both informal like bisnow/dealbook and the more informative sites to keep up to date on important news and events,trends,etc. Thanks in advance. ...
|3||1 day 35 min ago|
Hey guys, I wanna start by saying thank you to everyone on this site. I read it religiously with when I was in the process of interviewing this past year and the advice and information given by the posters here was incredible. I am a rising senior and a Summer Financial Analyst in the Multifamily C...
|20||1 day 4 hours ago|
Hello Everyone, I am a junior Accounting and Real Estate major. I am looking into Big four Real Estate valuation services. I understand that it consists of some audit support, financial modeling. Could anyone elaborate in detail what your job consists of as a professional at Big four real estate val...
|10||2 days 33 min ago|
I'm at Cornell Johnson MBA and it's the first week of classes. I'm interested in real estate investments/ RE PE/ and would ultimately like to do RE Development. For recruiting it seems like I'll be on my own unless I use the hotel school and the the real estate program which won't get going till ne...
|2||2 days 1 hour ago|
Someone posted a topic a while back about best/most unique apartment amenities . Figured i'd see what y'all have seen slash can come up with for interim uses. Please don't say shipping container beer garden ...
|2||2 days 1 hour ago|
Would you consider the underwriting of live deals on crowdsourcing websites (and subsequent investing of your own $$) as experience that can be added to your resume? ...
|8||2 days 1 hour ago|
Hi, I am particularly interested in Development but would like to learn more about the Construction aspect. Is there a book that you would recommend that gives a detailed overview of the process from the Project Manager perspective. Additionally, any construction resources most practitioners tend t...
|4||2 days 1 hour ago|
Trying to get a property loan to buy commercial real estate, or your dream home, can be a stressful time. With hundreds of thousands - even millions - of dollars at stake, you need the best financing option for your situation now - and as things change. Zenith Finance can help. Commercial property ...
|0||2 days 9 hours ago|
I have recently completed a few online RE Modeling classes in preparation for my departure from brokerage. The classes have been great but before I begin applying for job I want to be much more confident in my skill level. A buddy of mine sent me a modeling test he was asked to complete by a local R...
|11||2 days 13 hours ago|
Hello. To be honest, I'm not too sure what I'm looking for here. I've had this conversation with many of my friends who are all over the place in life... finance, marketing, tech, sales, pizza delivery, rehab...you get the point. It usually ends with confusion on their part, confusion on my part and...
|6||2 days 14 hours ago|
I just went through levels 1-3 of Bruce Kirsch's Real Estate Financial Modeling (REFM) and another monkey recommended I give a review... So here is a summary and what I though about the courses: Level 1 - starts off as simple formatting and statistics formulas (max, min, avg). Then moves into dealin...
|11||2 days 17 hours ago|
Curious if anyone on the acq side has a bonus structure that pays an acq fee % on deals closed? And if so, how many basis points are you getting, and what is you typical deal size in dollars? Thanks ...
|5||2 days 19 hours ago|
Hi Forum, I have a modeling test coming up with a UK logistics fund. However my background is more in office/retail/resi. In order to have some realistic assumptions on hand, has someone any idea what number I should use for the operating expenses? I cannot find any research on non-recs, or operatin...
|8||3 days 5 min ago|
I cant find much in the way of compensation for real estate other then the summary page from the HR consultant that is floating around here, so I thought maybe people will be willing to describe what they do, their market, and what their compensation looks like. Industry: Real Estate Development T...
|79||3 days 13 hours ago|
I would truly appreciate it if i could get a list of the major or "best" real estate developers headquartered in Chicago. Thanks ...
|7||3 days 17 hours ago|
Does anyone here have experience working at or with Green Courte Partners? From what I have been able to dig up they started off by assembling a massive manufactured housing portfolio which they recently sold off. As part of that sale agreement they are not allowed to invest in manufactured housing ...
|3||3 days 18 hours ago|
I have been working as a RE Tax consultant at a Big four firm for a little of a year and a half and I am thinking about making a move. I have my CPA and a Masters in ACCT from a respectable school. My experiences include REIT/Partnership compliance, REIT testing, REIT acquisition due diligence, some...
|2||3 days 21 hours ago|
Hello All, I have a 2 fold question. But let me tell about myself first. I am working for the Real Estate division of a well-known bank (one of the largest in this country). It is a senior analyst position for the Residential Real Estate division. But I want to go to the Commercial side as a Commerc...
|14||4 days 15 hours ago|
When given a REPE excel modeling test as part of a case study - do you usually have to create your model completely from scratch? or do they give you some sort of shell/template with the line items to work with? This could be obvious but I've never had any of these yet, and just want to prepare as ...
|3||5 days 1 hour ago|
People ask about the best real estate books to read on this forum almost daily and we're happy to toss Linneman and Bowman their way, as well as all of the terrific ULI books, but @Whats the Comp today asked specifically about non-textbook reads and it got me thinking that we should build a list of ...
|18||5 days 12 hours ago|
I am looking to begin my commercial real estate career in the Boston area. There are a lot of major brokerages around here and plenty of smaller ones. Does anyone have any recommendations as far as Colliers International or Marcus & Millichap? These are just two I may have an opportunity at. Doe...
|7||5 days 13 hours ago|
Already ran through a search on some other posts in the past regarding this. But I haven't seen anything course specific. I'd like to get some more hands on knowledge taking a commercial project from start to finish through the construction process. Specifically the techniques used during construct...
|0||5 days 21 hours ago|
Apologies if this seems redundant considering my first post to the forums. My first post was more geared towards "what are my options?", whereas now I have narrowed down my selection to (hopefully) getting hired into a development role, so I am strategizing to make myself as attractive of a candidat...
|1||5 days 21 hours ago|
Hey Guys- Saw this topic being brought up in a recent post and thought it would be a good idea to create a thread for it. Recently just completed a Equity Research internship in NY at a major bank covering REITs and was looking into applying for a few large REPE firms as my senior year is coming up ...
|19||5 days 23 hours ago|
Was seeing if anyone has any info on this group. I believe they may be based in the Miami office? Have called the office and ran through LinkedIn, but have not had luck getting details on how the group is organized or who runs it. Would love some info on the projects they're involved in, or what th...
Commissions and fees
|0||5 days 23 hours ago|
Have a potential opportunity to join the capital markets team at one of the large private-equity backed single family rental players. Team handles M&A, secured/unsecured debt, equity issuance, and some investor relations work as well. Given that my background is corporate finance, (I was able t...
|11||6 days 15 hours ago|
WSO, Cool little quiz Bisnow put together on CRE, inspired by Wharton grads.https://www.bisnow.com/national/news/commercial-re... ...
|6||6 days 16 hours ago|
Would be great if we could get a list of the most successful/emerging real estate technologies and startups and get some opinions on the future of the industry. ...
|20||6 days 17 hours ago|
I am currently taking the Argus Certification course using the e-learnings. Does anyone know how difficult the certification exam is? Has anyone taken the exam? I got through the material without much trouble but I would appreciate any insight/help I could get. I really would prefer not spending ...
|12||6 days 18 hours ago|
So I have a phone screen tomorrow for an Analyst at a Commercial advisory shop. Qualifications are pretty much all "preferred" for things like valuation and Argus and such. Had an internship with investment shop with no modeling and now I'm full time entry level at a F20 doing finnancial analyst stu...
|0||6 days 19 hours ago|
Hey guys I was thinking about this the other day and was hoping to get some feedback from some of my fellow monkeys (preferably the more qualified/veteran REPE guys out there). I was wondering how some of these large REPE firms (some of them with billions of dollars under management) keep up to date...
|2||6 days 22 hours ago|
Its evident that in large markets you need to specialize. I am in Boston and looking to begin my brokerage career, but I am unsure what to specialize in (ex, investment sales, retail, industrial, flex, landlord rep, tenant rep, buyer/seller...). Could you elaborate on what you and your teams specia...
|11||6 days 22 hours ago|
What are your thoughts on the scalability of real estate crowd funding? Especially the indirect method some crowd funding firms are using by using borrower payment dependent notes where the firm is essentially lending borrowed money to the issuer. The real estate crowd funding industry is estimated ...
|11||1 week 22 hours ago|
Hey- I've always had an interest in Real Estate both from a research perspective and a development perspective. I am looking to transition careers. Currently work in City Planning/operations research for the city of NY. I am currently studying for my GRE and have been torn between MSRE or an MBA wit...
|11||1 week 1 day ago|
I am a junior at a public state flagship university (definitely non-target) in the midwest. Double major in finance and accounting, 3.92 GPA. I am very interested in going into real estate development or possibly real estate finance. Internships at State Street Real Estate Services, a REIT and a job...
|6||1 week 1 day ago|
Hi all, I'm looking for some advice on a career path / what my next step should be. currently i am a valuation analyst for a repe firm in NYC for our multifamily properties. I run DCF, DCAP and sales analysis for our properties along with some ad hoc work and small other tasks. all of my analysis i...
|8||1 week 1 day ago|
Will be starting the NYU MSRE this Fall, and could have the opportunity to intern at a well-known REIT. My end goal is to end up at a REPE. Will it be a tough sell when trying to break into REPE for a full-time position, or is there pretty much a strong overlap by working at a REIT and should not be...
|5||1 week 1 day ago|
Hi All, I am currently three years out of my MBA, concentration in Finance and International Management from a Top 40 school. However after much self introspection, I have decided I want to transition into Real Estate. Past work experience includes 8+ years in Insurance, Project Management, Wealt...
|25||1 week 2 days ago|
I haven't had any direct experience dealing with TIC or DST sponsors, although I knew of a group based in Los Angeles called SCI that I believe was one of the bigger TIC groups and crashed and burned spectacularly. I have come across a few groups who specialize in DST, which from what I gather is ...
|2||1 week 2 days ago|
I was hoping to gain some insight from the community here about what it's like to work for a pension fund in an "Investment Advisory" role. Most of the conversation here revolves around acquisition, AM, development, and investment sales positions and this is definitely a very different opportunity. ...
|2||1 week 2 days ago|
TPG REal Estate announced on Jan 9, 2015 the acquisition of a 75% stake in a $2.5B portfolio of high-yield RE loans from Deutsche Special Sits Group (Deutsche retained 25%). Looks like 11 professionals from DB's Special Sits Group joined a newly-created mortgage REIT (TPG Real Estate Finance Trust)....
|3||1 week 2 days ago|
Does anyone know much about A10 Capital? Any brokers have experience interacting or closing with them? Any borrowers have experience with them? I've heard they are expensive and have a lot of guys running around trying to do smaller bridge deals. Good originators? Any feedback would be much apprecia...
|3||1 week 2 days ago|
I'm in final rounds w/ two REPE firms (acquisitions). One is in NYC and the other is in SF. Nothing is set in stone yet. I'm hoping to hear from people who have worked in one or both cities - why did you decide to move there, and why did you stay/leave? Both seem like good career moves but wanting s...
|20||1 week 2 days ago|
Monkeys, I'm currently an REPE Analyst. I've accepted an offer at another firm and want to gather some thoughts on whether or not it is smart to mention the name of the new employer when asked as I give my notice period. Also, it would be good to gather some thoughts on best practices when giving yo...
|5||1 week 3 days ago|
hi, I'm looking for some info on the amount of training most firms provide to newly hired analysts. im talking more about firms with job postings for analyst level positions that are asking for 1-3 years of prior experience. whether its lifecos, banks, repe etc. what kind of training would most firm...
|6||1 week 3 days ago|
Background -Rising Junior, 3.6 GPA, Top ~10 State School/Top 50 National US uni -Previous internship at a M&A/PE hybrid boutique (HC) -Previous internship at PWM -Very extroverted -Hate sitting in an office for 12+ hours rotting Questions -Looking for opinions/advice on breaking into REPE/Acquis...
|7||1 week 3 days ago|
Had a recruiter call me from a firm (think right below the big 3 of CBRE/JLL//CW).. For an analyst in their Corp services RE group.. Looking at the job description it seems it's like a consulting gig? Big corporations come and they act as client towards their property needs? I'm confused because the...
|9||1 week 5 days ago|
These guys are major players. I'm representing a buyer and writing an offer on a smaller piece that Lone Star is taking to market soon. Small for Lone Star is sub $20mil. What are these guys like to deal with? Do they defer to their local brokers? Any insight is appreciated. ...
|3||1 week 6 days ago|
Hello, Have been interested in Starwood Property trust (lending) for a while and wanted to know if anyone has experience interviewing with them or insight into the team, how they are structured, comp, etc.? Thanks, ...
|0||1 week 6 days ago|
There's a similar thread going about transitioning out of brokerage. Excellent insight in there but I didn't want to hi-jack. I am of a very similar mindset to the OP in that thread as far as what I'm looking for in a job (development seems ideal) and my question is along the same lines with regard ...
|10||1 week 6 days ago|
WSO Fam, this is my first post so here is a brief introduction, I am currently going into my senior year of college at a non-target university majoring in finance and real estate. I don't have the best of grades as I will most likely graduate with a 3.0 GPA. This past summer I landed an internship a...
|14||1 week 6 days ago|
Hey guys, A family member of my in the energy and hospitality space in Latin America is looking for financing for a hotel renovation in Cuba. Given that I work in IBD, he has tasked me to help him procure this financing but to be honest I am little lost and there is little information out there. Whi...
|5||1 week 6 days ago|
|5||1 week 6 days ago|
Hello WSO-- I'm in a bit of transition and was hoping some of the members here could offer some advice. I have an MBA from what I believe would be classified as an upper second tier university. I grew up around real estate (warehouses) and have been working approximately 3.5 years in CRE brokerage ...
|12||1 week 6 days ago|
Are there any alternatives to the biws real estate modeling ? Looking for cheaper/free alternatives, maybe even youtube videos or books or online courses thanks ...
|3||2 weeks 6 hours ago|
I'm sure it can vary greatly, but anyone have some general figures? The CEL report focuses on the principal side, so I'm wondering what it is like if you are in commercial real estate lending. ...
|15||2 weeks 18 hours ago|
Hi everyone, We are looking at some data center deals, including both new developments and stabilized ones. I wonder if you have any resources/primer on investing in data center that you could share. If you have any experience with this type of assets, please share things that are unique or requir...
|7||2 weeks 20 hours ago|
Does anyone know anything about the commercial loan sale secondary market? Who are the major players? Who are the primary buyers? Also, what about pooled residential mortgage sales? Is there a market for this right now in the performing space? What is the future outlook? Thanks. ...
|6||2 weeks 1 day ago|
Does anyone know how much a photographer makes for taking photos for an OM? I've seen on some of our brokerage fee agreements where we have a $25k max on reimbursables to make the OM. About how much of that would a photographer get? Thanks ...
|5||2 weeks 1 day ago|
At what point in the interview process do firms typically begin checking references? I've always found that reference checks occur as a final step after a formal offer is presented (contingent on background check, reference check, etc). Would it be appropriate to ask an interviewing firm not to co...
|2||2 weeks 1 day ago|
We acquired a multifamily property this March. How do we list the value on the balance sheet? Is it the acquired cost or the appraised value? The appraised value is almost 30% higher than the acquired cost. ...
|2||2 weeks 1 day ago|
Hi all, I need help with the valuation of a bridge lending firm. Bridge loan is a short-term loan offer (up to 12 months) to a potential RE buyer (either HNWI or a company). The purpose of the loan is to provide immediate liquidity for a client who wants to seize the opportunity while dealing with...
|7||2 weeks 1 day ago|
Hi Forum, I have a modeling test coming up with a small UK commercial PERE. Because I have been on the lending side, I am not familiar with the tax side. Can someone tell me what he/she uses as a tax rate for modeling purposes? Google tells me sth like 4% of purchase price (stamp duty land tax). I t...
|2||2 weeks 1 day ago|
So my school places a lot of kids into real estate firms like CBRE, HFF, etc and I'm trying to figure out what exactly these firms do and what kind of people succeed in this role in order to see if this is something I'm interested in pursuing. Anyone know where I should start? Or if anyone on this ...
|11||2 weeks 2 days ago|
I've noticed a lot of questions on this forum relating to promote structures, deal structures, and other topics relating to JV partnerships and return calculations. One of my former co-workers gave me an issue of the Real Estate Finance Journal that does a fantastic job diving into all these issues....
|4||2 weeks 2 days ago|
I am getting to the point in my life where I am wanting to ditch the States for a few years and move to Europe or Asia, however I dont want to take a step back in my current career in real estate. Has anyone had any success moving to Europe or Asia and being able to find a job in Real Estate Develo...
|1||2 weeks 2 days ago|
Bombed an interview. Want to read stories to make myself laugh/fee better ...
|65||2 weeks 2 days ago|
Anyone have any experience working with / at Related Co and Related California ...
|0||2 weeks 2 days ago|
Hi WSO, I wanted to know if anyone has had any experience with "zero cash flow" properties when performing a 1031 exchange? More specifically referring to institutional players performing exchanges with zero cash flow properties. ...
|6||2 weeks 3 days ago|
Specifically regarding the state of California, although I'm guessing this is probably applicable in other states. Can anyone explain the concept of having someone with a broker's license (not salesperson) being designated as an "officer" at a real estate company? I've heard of people in California ...
|0||2 weeks 3 days ago|
Hey, I'm helping a buddy put together a package for two deals that he will be syndicating. They're pretty small equity raises about $1.5mm total. Does anyone have a template they're willing to share so I don't have to create one from scratch? I'd be willing to trade models, or anything else to r...
|1||2 weeks 5 days ago|
Hey everyone, I'm a rising college senior who just finished up a summer internship working at a REPE. I'd like to continue working toward a career in real estate so I was wondering if anyone had any insight on solid RE modeling classes. My mentor recommended a certificate at the Urban Land Instutut...
|14||2 weeks 5 days ago|
Hello good people, some body help me out with Argus case studies (DCF) if any available, kind new to it. appreciate any help. Aloha!!! Can someone share the case study manual? ...
|0||2 weeks 5 days ago|
Hi guys, I'll be off to REPE soon - wonder what the hours for an acquisition analyst are like at some top 50 REPE firms. Currently I'm at a small PE firm and the hours are decent/satisfying - I guess the top 50 have around 60-80 hours (varying according to deal-stages)? ...
|9||2 weeks 6 days ago|
How do these career paths compare? If you start in one are you likely to stay in it for the rest of your career? Is one easier to break into? How does compensation compare? ...
|6||2 weeks 6 days ago|
Hi all, Trying to put a list of hedge funds who invest primarily or have a team that invests mainly in Real Estate - debt or equity doesn't matter. Names that come to mind so far: Och Ziff Davidson Kempner Fir Tree ... Go ahead keep adding, thanks! ...
|17||2 weeks 6 days ago|
Wondering if anyone has entitled or built on a capped decommissioned landfill. Specifically, what kind of environmental studies you did prior to acquisition and what kind of remediation was recommended to you. I am looking at a large site where a small portion of it was used as an onsite landfill fo...
|2||2 weeks 6 days ago|
Hi all, I'm planning to recruit for BX SA 2017. I am a rising junior from a target school. Any advice on how to approach BX recruiting from undergrad? Met one BX guy in the NY office recently. Thank you a;ll ...
|2||2 weeks 6 days ago|
Anyone heading to ICSC Orlando this month? If you are, lets link up for a cocktail and quick intro. ...
|1||2 weeks 6 days ago|
Does anyone have any insight into their new group after the shake up of merging all their real assets including real estate into one group? Also does anyone know if most of these Analyst/Associate positions use templates for their core and value add products? Or what work life balance is? If not T...
|0||2 weeks 6 days ago|
WSO, I'm interested in seeing what kind of cool amenities you've come across, when developing, selling, buying, or living in apartment communities. We've all heard of Nest thermostats and whatnot, but this Hines deal in Boston provides lighting in tune with your body clock, a vitamin-infused showerh...
|53||2 weeks 6 days ago|
Have any of you used ProCalc or LeaseMatrix for lease analysis purposes? What are your thoughts on them? Thanks ...
|1||2 weeks 6 days ago|
Searched the threads in this forum for anything on these guys, but couldn't find any info. Anyone have any insight on this group? Perception in market, working for them, recruiting, exit ops, etc?? Thanks ...
|3||2 weeks 6 days ago|
How long are successful phone interviews usually suppose to be? I've never had one go for longer than 20 minutes, and some when done by HR are usually very quick and ask my availability for in person interviews. I recently had one and it was about 22 minutes with the recruiter for the firm, although...
|5||2 weeks 6 days ago|
What knowledge and/or skills do I need to learn in order to work in the corporate solutions department for a National CRE firm? Which resources do you recommend? Thanks ...
|0||3 weeks 23 min ago|