The Wall Street Oasis Real Estate Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the real estate industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate ...
|4||1 week 6 days ago|
Anyone here ever incorporate Monte Carlo methods into their models? If so, what are some positives and negatives you've encountered in doing so? Anyone willing to share a few spreads would be greatly appreciated. thanks guys, ...
|18||31 min 20 sec 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 ...
|6||52 min 28 sec ago|
I have been lurking for months on end now trying to absorb any and all information, so thank you in advance for any of your help. Background: 22, graduated last year with a degree in Economics with a minor in Accounting from a non-target UC. Only real financial/real estate experience has been in res...
|16||1 hour 1 min ago|
Hello Everyone, I appreciate you reading. I've come across a unique situation, in which a seller does not want to market a fairly large asset using Loopnet, but has not objected to signing an exclusive listing agreement. How would you go about marketing this property without the benefit of a mass-ma...
Son of Sternlicht
|23||1 hour 8 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...
|21||1 hour 20 min ago|
Hello guys. Recently received a credit analyst job offer. What do you think about this move? I'm considering it due to a slight bump in salary. My goals is to get into REPE acquisitions. Would this move digress my career path? ...
|3||2 hours 15 min ago|
How common is it for an analyst within Wells balance sheet lending team (construction loans, senior loans, bridge loans) to jump to an owner/operator or REPE in NY after working 1-3 years? Thanks in advance! ...
|4||2 hours 23 min ago|
So I have been offered an interview with a top real estate private equity firm but don't know much about the technical side of it. How do you calculate FCF when looking at real estate? I know the formula when analysing companies fcf =(1-t)EBIT+D&A- change in NWC -Capex. As this is an internshi...
|24||2 hours 36 min ago|
I want to influence the architectural aesthetics of real estate developments. I have began the CRE-analyst route with owner/investors because I know it all comes down to $$$. Who runs the cost analysis and value engineering of beautiful architecture? ...
|4||3 hours 18 min ago|
Hi there, is there anyone who knows what I can expect with a case in the PE RE sector? I watched some youtube tutorials and gained info about the waterfall analysis with a promote structure. My background is from a perspective of single tenant triple net leases. ...
|3||3 hours 20 min ago|
Anyone know what the spread should be for cap rates on NNN and NN leases? Think a food place with an excellent credit rating. This is for a brand new building. Landlord Responsibilities: Landlord shall maintain, repair and make replacements to the Premises, the Building and the Property, including t...
|1||8 hours 16 min ago|
Monkeys, I've been trying to find online if there are any macros or hotkeys for the paste formula option. I find myself using this option all the time in my modeling and really can't find another method quicker than just right clicking and clicking paste fx. If anyone has any advice on this let me k...
|48||10 hours 23 min ago|
I want to work for a large, holistic company like Hines -- who is hiring a development analyst. Who should I contact if I have no contacts at a company? Can I reach out to multiple people and use LinkedIn? Can I ask, "what I can do in 1 year time to equip myself for that role?" (I'm still an underg...
|0||10 hours 24 min ago|
I've been studying the state highway plans. A new stretch of an interstate is targeted for an older (can even be considered distressed) neighborhood of 150 or so homes. Once the interstate goes in, its location makes it ideal to redevelopment into a premium neighborhood. I was pondering if you c...
|0||11 hours 43 min ago|
Does anyone have any mock Industrial RE cases studies for analyst interview or insight on how it is? ...
|2||12 hours 8 min ago|
I'm a first year associate. I started off at a large institutional shop out of college and worked there for 2 years. Went over to a well known development shop (focusing on creative office and upscale retail/multi family) and have been there for one year at the end of this month. I knew it was a mis...
|7||1 day 1 min ago|
Hoping to start a general thread for 2017 Columbia MSRED applicants. Anyone else applying? Deadline is Jan. 15. ...
|0||1 day 4 hours ago|
|3||1 day 12 hours ago|
At this point we are near the era of autonomous cars, which will be a tremendous game changer. What do you guys think the impact on real estate will be? ...
|3||1 day 13 hours ago|
I will be starting full time in Houston, Texas over the summer. I've been weighing my options as to whether to rent an apartment or buy a condo. My question is with rent being so cheap, is it worth it right out of school to buy a condo? I would be open down the road if I moved, to renting it out. I'...
|13||1 day 13 hours 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'...
|23||1 day 13 hours ago|
Commercial real estate investing/management and technology have historically operated in two different silos, with almost no overlap. A major reason for this, in my opinion, is the reluctance for change in a top-down industry. 60-year old portfolio managers aren't reading Hacker News looking for an...
|17||1 day 15 hours ago|
You're a real estate agent busy showing houses to prospective buyers or a property manager attempting to manage different tenant difficulties. SoftwareSuggest listed on many real estate CRM software for real estate buyers, property manager, landlords, agents and others. ...
|0||1 day 16 hours ago|
What is a RE consultant role there like? What are the exit opps for roles like this? Is this a good place to start out? ...
|4||1 day 16 hours ago|
I have an interview next week with a real estate private equity firm for an analyst position in their acquisitions department. The HR guy said the exam would be a basic excel model (take no longer than an hour) with a list of questions to answer. Could anyone provide me with some sample excel interv...
|9||2 days 4 min ago|
Does anyone have an industrial development model that they would be willing to share or trade? Looking for any type of industrial product type, ground up or value add models. Even an industrial acquisition model would be helpful. Thanks in advance. ...
|0||2 days 10 min ago|
I was looking at the PKG COMMERCIAL REAL ESTATE ANALYSIS & INVESTMENTS W/CD 3rd Edition by Geltner on Amazon. Is there another free alternative to something like this? Or what would the best way to get started if I wanted to get into CRE investment analysis? I have no background and I'm a CFA Le...
|8||2 days 2 hours ago|
Just got notified that I have an interview tomorrow with Blackstone's Real Estate Asset Management Division. I know literally nothing about RE, but would kill to have this job. What should I study in the next 6 hours to best prepare for this? Please help ...
What A Sellout
|8||2 days 2 hours ago|
A little background: I started working in valuations about 4 months ago. Transitioned from research at the same CRE firm. I am not a fan of the valuation job and I feel like I have already gained the base knowledge I need from it (Argus, cash flow models, leases, market info, etc.). I want to event...
|9||2 days 3 hours ago|
Anyone have insights into work-culture, compensation at following RE PE firms in OC? Raintree Partners Bascom Redwood-Kairos I can find some news on Bascom but Redwood and Raintree keep a very low profile. Thanks, ...
|13||2 days 4 hours ago|
Does anyone who is at a Top-Tier REPE firm want to share how the PE interview process went? I'm currently at a smaller REPE firm with about $350MM AUM and within the next few years would like to step up to the next level. Definitely would like to hear any stories of those that broke into the "Top Ti...
|12||2 days 7 hours 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...
|15||2 days 10 hours ago|
Any RE professionals in OC interested in doing a happy hour or meet up? Considering how RE dense OC is, I'm surprised I haven't found any groups yet. ...
|1||2 days 11 hours ago|
I was curious as to the expected knowledge requirement of someone new trying to get into the industry. I want to join somewhere that will be able to teach me the ropes. Operating under the assumption that I know nothing about the industry what would I need to know to get a junior level position? ...
|9||2 days 11 hours ago|
I am new to this forum. I am currently transitioning from active duty to civilian life. I am trying to get into Commercial Real Estate in one of the top 5 firms. I have done some interviews with a few places but I am still about 3-4 months away from being able to go to work. Any advice, recommen...
|3||2 days 13 hours ago|
hi mates, I've come across this job offer which initially seems to be really interesting and I was wondering whether anyone could provide some insight on how this job would look like on a daily basis, as well as future growth, etc. I'm a senior analyst at the valuations&modelling team at a B4, j...
|3||2 days 20 hours ago|
Hello Everyone, I got invited to interview for Deutsche's CRE group (I am a senior in college), but I am not sure what types of technicals to expect. Have any of you interviewed for this group before that can briefly let me know what to study? The interview is within the next few days and is for the...
|1||3 days 2 hours ago|
Has anyone used ARGUS on a mac? I know excel is shit on a mac too, but I can make that work for now. I really don't want to have two laptops - should I just sell the mac (MacBook 12") and get a PC? If so, any PC rec's? ...
|3||3 days 7 hours ago|
As the thread title would suggest, does anyone out there care to share what they see / have seen for annual student housing turnover? I'm guessing it's closer to 100% than to market rate's 50%, but would love if anyone has an empirically-backed number ...
|7||3 days 8 hours ago|
What's happening, WSO Real Estate? I wanted to remind everyone here about the 2016 ULI Fall Meeting in Dallas, Texas from October 24-27. Signups are available now at http://fall.uli.org/ Last year in San Francisco I tried to get together a WSO meetup, but it didn't really go anywhere. If you're goin...
|35||3 days 14 hours ago|
Looking for BIWS - Real Estate & REIT Modeling. I have Excellence with Excel and financial modelling Fundamentals. Anyone want to trade? ...
|0||4 days 2 hours ago|
Bombed an interview. Want to read stories to make myself laugh/fee better ...
|66||4 days 17 hours ago|
Anyone know what the reputation of this brokerage / advisory firm is? This is for a CRE Analyst position (research, financial analyses etc). ...
|10||5 days 23 hours ago|
Please note: This is not a political debate on Clinton vs Trump, please dont start. We know that Donald Trump is one of the most controversial candidates to ever run for President of the United States. His opinions, views and speeches have caused chaos all over the globe, he has made a lot of people...
|44||6 days 4 hours ago|
When underwriting MF with retail on the bottom floor do most developers/owners incorporate the retail into their pro forma for the building? I was recently told that most times the retail is not written into the MF pro forma so they have the ability to be extremely flexible on rate and any revenue g...
|6||6 days 6 hours ago|
Searching daily on indeed / linkedin but figured it couldn't hurt to post here. I was primarily looking into acquisitions, investment sales, or REIB groups across NYC or CA. Have a year of experience in banking at a BB, but no prior RE work, which I believe is hurting me in the application process...
|29||6 days 6 hours ago|
Hello Everyone, To give you a bit of background I'm working in acquisitions at Multifamily Value-add Owner/Operator in Manahttan. I have underwritten a few deals at this point, and want to get an idea of how other analysts make their OpEx assumptions. What I usually use is a building in our portfoli...
Multi Fam Man
|8||6 days 11 hours ago|
There's more and more chatter about more CMBS shops going under heading into risk retention. Who have you guys heard so far? ...
|14||6 days 13 hours ago|
I have an interview with these but can't seem to find out much about them online other than- "The Park Hill Real Estate Group (PHREG) is a top-tier global real estate private equity financial advisor and placement firm for high-quality real estate investment managers and operators. Our team executes...
|21||6 days 19 hours ago|
Guys, I know no one here thinks highly of GSEs, however can anyone with relative experience or skill set tells me what kind of skill set can one learn from a job that involves Private Label Security Credit Risk Analysis, and what's a sensible career path for this kind of role? Desperately need help ...
|0||1 week 3 hours ago|
In case you missed it on the homepage, there's going to be an NYC real estate happy hour this coming Monday the 24th. It's highly encouraged that you break away from argus/costar/excel/trepp/craigslist or whatever other god forsaken platform you're glued to and come make some deals. I've spoken to a...
|0||1 week 15 hours ago|
Has anyone purchased this package? Did you like it? How does it compare to the REFM, BIWS, or Kahr? ...
|3||1 week 1 day ago|
Curious if anyone has any experience in this asset class, seems to be fairly niche similar to affordable housing, but is the general underwriting at all similar to multifamily? I'm assuming it;'s more yield driven due to property cap rates, locations, etc? ...
|14||1 week 1 day ago|
Seeing a few in my area.. one that caught my eye is Bisnow. They have tons of speakers who are big names in industry and they have hours designated to networking. Anyone ever go? ...
|11||1 week 1 day ago|
Hey everyone! I am new to these forums but I wanted to hear from some people that have or are currently going through Georgetown's online masters in real estate program. I saw some previous posts about this but nothing within the last couple of years. I am heavily considering doing the program even ...
|9||1 week 1 day ago|
Hi all, I'm looking to make an equity waterfall model that I've built be able to react dynamically to changes in the order/percentage of funding. The model has common & pref equity in addition to a construction loan. Ultimately I want to be able to set the order in which funding occurs and have ...
|3||1 week 1 day ago|
Which would be the better investment for a position in real estate finance if you can only choose one? Something like REFM or Argus Cert? ...
|20||1 week 1 day ago|
Does anyone have any templates or know of any companies that would be used to abstract loan docs/equity offerings? Have plenty of models to trade. ...
|2||1 week 1 day ago|
Hi all, I know that Trammell Crow Residential hires Development Analysts and was wondering what the pay is in California. Does anybody know how much a position like that would pay? It seems most people have 1-2 years experience in that role. Thanks! ...
|3||1 week 2 days ago|
It's been my understanding after speaking with a number of people in the real estate world in NYC that Trump's acquisitions team is essentially doing very minimal deal flow any more, and of his current portfolio holdings, there's no way to tell how much he actually owns. Most suggest that he exited ...
|17||1 week 2 days ago|
Just found out I will be doing a second-round interview with a retail focused REIT next week. Apart from researching the firm itself, what are some of the technical questions I might end up getting? I've been using BIWS's CRE/REIT course, but I don't have enough time to go through the entire thing b...
|8||1 week 2 days ago|
A little background: - I started my career as an analyst on a top investment sales team (billions closed annually) for two years. While grueling, it was just about the best training I could have asked for-- huge deal flow, complex and varied transactions, and got to build a good network. -I was poa...
|2||1 week 2 days ago|
Hi fellow monkeys, I have three first round interviews with the various real estate divisions of Blackstone: BREDS (Debt Strategies), Real Estate Asset Management, and Real Estate Private Equity. However, I don't know very much at all about real estate or about the interview process (types of questi...
|0||1 week 2 days ago|
Hey guys, I have an interview coming up for the BREDS Asset Management group. Anyone have any tips on what to expect? Material on the group is pretty thin - most information out there is about the deal team. Does the AM group also have waterfall excel tests that the deal team has? There is one threa...
|1||1 week 3 days ago|
So... Cavaliers and Quicken Loans owner Dan Gilbert has been aggressively acquiring properties all over the city of Detroit. By doing so, he's rehabbing the buildings and putting them on the market as "investible assets." Having worked for him and spent a lot of time in the Detroit area, I can't h...
|0||1 week 3 days ago|
I have heard covered land play, lease up play, etc. What other strategies have you heard in the past? ...
|10||1 week 3 days ago|
According to the 18 year market cycle things should turn ~2025? Can someone explain to me how people incorporate this market principle into market forcasting/projections? For example, many RE professionals that I've asked feel that we could be near a downturn in the near future so how does the 18 ye...
|5||1 week 3 days ago|
Does anyone have any model or excel files that would calculate these? Have a ton of models for all asset types that I'd be willing to trade. ...
|5||1 week 3 days ago|
I realize this is a newb questions but I am transitioning from residential real estate. So I reached out to a company inquiring about broker or property management positions. After they read my resume and cover letter they said they didn't have any of those positions available but suggested I speak ...
|14||1 week 4 days ago|
Anybody who has been through Starwood's SA recruiting process for the acquisitions team, what sort of questions are asked during a first round phone interview? Is it more technical or behavioral...do they ask brain teasers? Thanks in advance for any help. ...
|6||1 week 4 days ago|
I'm a little confused over how the finance community defines "developer fees" when financing a deal. I would appreciate the financing community responding. I found an old thread on this forum from 2014 on "developer fees" could go as high as 9%, but there seemed to be a consensus that developer fees...
|23||1 week 4 days ago|
Hi Guys, I'm a junior studying finance with 2 previous internships in RE. I'm currently looking for and preparing for a summer internship in a REPE shop or REIT. I wanted to know what firms, besides big bulge banks, have positions for summer analysts. Where have you worked that you gained good exper...
|3||1 week 4 days ago|
When choosing between a few shops ... what would you say is the most important thing to consider as a newbie broker? Furthermore, what sort of team split is "acceptable" when dealing with a rockstar team? Should one sacrifice % for the experience/mentoring? Assume major market and any thoughts on "b...
|23||1 week 5 days ago|
First time poster, but been lurking around the site for a while. Long story short, have a Finance degree (decent school, but no ivy league), a little restructuring work, and spent the past 3 years in law school focusing on corp law (M&A, contract drafting/revision, etc.) with solid experience in...
|13||1 week 5 days ago|
Anyone have any insight on culture / exit-opps? How well would a research role place for REIB or REPE in the future? Thanks! ...
|3||1 week 5 days ago|
I recently got a callback on a research analyst position I applied to at a CBRE, JLL, Colliers-type firm. The role is focused on researching capital markets. I'm more interested in trying to get into an underwriting, acquisitions or Asset Management role, but this is one of the few responses I've g...
|6||1 week 6 days ago|
For some of the more experienced guys out there. When do you guys think staying in one asset class (focus on MF, Office, etc...) will limit your exit ops into other sectors. I've been in mf and see a lot of advancement in the space through open roles either through brokerage, Asset Management, etc.....
|2||1 week 6 days ago|
This is a pain in the ass question. I am rebuilding a Monthly Pro Forma that I intend to use for all multi-family ground-up development deals going forward. What I am trying to achieve here is the ability to change two key inputs ("Construction Start Date" and "Months of Construction") and create a ...
|5||1 week 6 days ago|
I understand that the word best is very subjective. But what i am asking for is a list/top opportunistic real estate fund in term of competitiveness to get a job (exclusivity) in terms of money raised (largest amount) and in terms of track record (just killing the game). To rephrase the question if ...
|3||1 week 6 days ago|
These are the results I get when I Google "real estate investing forums":https://www.biggerpockets.com/forums http://www.reiclub.com/forums/index.php http://www.creonline.com/real-estate-investing-for... http://nreionline.com/forum Are these any good? Other forums, preferably with real estate profes...
|8||1 week 6 days ago|
Anyone know more about Banyan Street? They're slowly buying all the office in downtown Atlanta. They're slated to close on 191 Peachtree Road building. ...
|16||1 week 6 days ago|
Can you please describe your firm and the structure of your carry. Divulge at your discretion. Thx! ...
Son of Sternlicht
|1||2 weeks 6 hours ago|
Does anyone know of a good source for signage cap rates/transaction comps? Trying to value a property with significant signage NOI attribution and signange comps are rare. Thanks in advance! ...
|11||2 weeks 8 hours ago|
My group is looking to upgrade the mapping software we use in our marketing packages (we've mostly just used google maps as a base). Looking at some of the packages from Eastdil, CBRE, HFF, etc. that I've come across, they often have pretty detailed maps, even for secondary or tertiary markets. Does...
|3||2 weeks 9 hours ago|
Gents, I've been job hopping too much in the REIT and REPE world. Enjoy both, but prefer REPE since it's less operational. I'm looking for a specific kind of culture. Structured, professional and studious. A place where people worry less about "golf" and more about work. Not saying that socializing ...
|10||2 weeks 9 hours ago|
Hi, I have a partner interview with a large commerical real estate firm, and I was wondering if anyone had any insight into what type of questions I should expect and how to best answer them. I've been told questions will be mostly fit questions. Any help will be greatly appreciated, and silver bana...
|23||2 weeks 11 hours ago|
Speaking from my job search, I haven't seen any job postings with Eastdil in junior level (through Wells Fargo's website). Can anyone speak of their application process? Does Eastdil go to target school and do OCR's as well? ...
|10||2 weeks 12 hours ago|
This was recommended to me by a business colleague and waned to see if anyone in the group had it. Cheers. ...
|8||2 weeks 17 hours ago|
I'm considering talking to a few debt/equity placement firms regarding job ops, after spending 10+ years on the principal side doing acquisitions. Looking at boutique type groups rather than the HFF/Eastdil/Cushman types. At the point in my career, I'm sorta burned out on the acquisitions side, I...
|7||2 weeks 1 day ago|
The table (worldwide comparison) I attached is a bit dated, but I'm not sure how the proportions changed, but basically self storage space per capita in Europe (exl UK) is ~90 times smaller than in US. UK has around ~50% of self storage space in Europe and yet per capita self storage space is still ...
|4||2 weeks 1 day ago|
I know this topic has been discussed before although most answers in past threads were pretty ambiguous. Does anyone have an idea of what first year analyst compensation figures (base+bonus) look like on Eastdil's equity sales team in NYC. Also for a person who ultimately would like to work in REPE ...
|9||2 weeks 2 days ago|
I'm working on a large SoCal development deal and am looking for some help gathering up and packaging comps for several asset classes. Lease/Sale comps for Hotels, Class A-B Office (MOB?), Retail... CoStar wants a disgusting sum from me to sign up for all the counties I need access to. Here is wh...
|0||2 weeks 2 days ago|
Anybody here that's about my age (39) and older will remember the mid to late 90's resi lending as being far more aggressive than the 2000's. In 1996, at age 19, after working for a large consumer finance lender (similar to TransAmerica), I got in the mortgage business. Times were very different. ...
|3||2 weeks 2 days ago|
Hi Everyone, I currently have a tentative start date at a top real estate intermediary (think HFF,Newmark,Eastdil, CBRE) in a major market for July 2017. However, I will be finishing up school this December and will have 6 months before I start if that July start date stands. I was wondering if yo...
|8||2 weeks 3 days ago|
Offered to join a consultant in systems/modelling/accounting/general finance for a larger real estate /infrastructure group (around 20x larger) at about twice my hourly wage.. paid per hour. Effectively can earn my salary in 4 months assuming 50 hours a week. ...
|12||2 weeks 3 days ago|
WSO, I couldn't find a thread on this topic and RE, not sure if one exists, but I wanted to hear what everyone thinks of the Medical Cannabis industry - more specifically related to the real estate. This sector is gaining steam, but due to political/legislative issues it is still shaky for Institut...
|4||2 weeks 3 days ago|
I've had a couple of people PM me about what I do in REIT acquisitions and what the deal process looks like. I figured I'd post this for people's future reference. I work at a fairly large REIT (>$10billion AUM) so this process may be different for smaller shops. We also exclusively focus on CRE:...
|52||2 weeks 3 days ago|
https://commercialobserver.com/2016/10/big-move-do... These guys are rain makers--they did $22B in transaction volume in 2015 alone. Jeez. I wonder what the size of the check was from Cushman to jump ship...? Just for comparison purposes, I have been told from a very trusted source that that Kevin ...
|4||2 weeks 3 days ago|
WSOers, Just wanted to see if anyone coming to MIPIM in HK in November? Let's try to set up a meetup! ...
|0||2 weeks 5 days ago|