Hi everyone, I am working on a case proposal for tools that can help us to a better job (we do pretty much everything from CRE equity to debt) so I was wondering if you can list things that you have used for your job (software, tools, paid external services). If you can ball park how much your fir...
|0||5 min 17 sec ago|
Anyone know anything about this place? Someone asked about it 4 years ago, but wondering if any updates. I see on their site they own a lot of top NYC property and have like a $5B portfolio. Just wondering if anyone knows anything about it. Thanks ...
|1||17 min 4 sec ago|
I am negotiating my contract now. I wanted to see if those who are working on the acquisition and development of projects are getting a piece of the deals they work on. If so, what title do you have, what level of experience, whats the deal size, how much are you getting, and how is it structured...
|11||28 min 53 sec ago|
This and Self/Mini Storage are my weakest asset classes. I interviewed last year with a small hospitality investor here in SoCal. Their only concern was getting me up to speed with Hotels. They are a Coastal Ca investor and have purchased assets in the Bay Area, San Diego and Central Coast. We ...
|0||1 hour 53 sec 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...
|5||4 hours 35 min ago|
I looked around and I couldn't find a recent post covering this so since it is relevant to my current position, I was hoping I could get some advice from you guys. What would be a better place to start a career in real estate? Analyst at a debt and equity placement group (think Northmarq, Berkadia...
|3||20 hours 21 min ago|
I work in acquisitions at a REIT that focuses on both office and industrial however in my short career I have mainly focused on office and have more exp touring office and knowing what to look for/focus on. Can someone who has experience shed some light on industrial assets and what you focus on wh...
|9||1 day 5 hours ago|
How common are probationary "trial" periods of 90 days with offers to be an analyst for a private equity firm? ...
|4||1 day 18 hours ago|
Hello, I'm a recent grad going to LSE for the Msc. Finance and Private Equity, so I want to start thinking ahead for the recruiting season, as the tittle says I have a hard time figuring out if i would preffer to target REPE funds or traditional PE (off course also going to interview for banking, bu...
|1||2 days 3 hours ago|
I am trying to find places that offer courses for ARGUS Enterprise. I contacted Kahr Real Estate and they told me that they only offer courses to people who are in a corporation or in a university. Since I do not fall under either of those, I am hoping someone can recommend an alternative. ARGUS off...
|2||2 days 10 hours ago|
I recently landed a Sr. analyst position at a large REIT in a secondary market. Thanks in a large part to the advice I got on WSO - Thank you (especially @CRE and @RE Bootcamp )! My question... I drive an old SUV, not junky, but definitely old (15 years) mainly because it still runs and I prefer to...
|55||2 days 15 hours ago|
Hi WSO RE people! Curious if anyone here focuses on the industrial sector, pm me if so. I know someone interested in meeting more people of your kind. Gracias! ...
|1||2 days 21 hours ago|
As the title says, would I be able to switch from commercial real estate to PE or IBD? I'm in my first year out of school and long term want to get into PE but didn't get the offers I was looking for. The job description for a mid tier CRE broker seems to be a bit analytical, but primarily focuses ...
|0||3 days 1 hour ago|
Looking to put together an event for those of us in the DC area. Drinks and a light bit of networking @ Roofer's Union in Adams Morgan on Thursday 4/28. Respond if you guys would be interested/available. -Alex ...
|44||3 days 5 hours ago|
I recently was recommended to a top construction/development firm in my (second tier) market for an assistant PM role. The role is not commensurate with my experience, but it'd be a great shop to work - adding new markets, established company with a great reputation among investors, etc. - so I took...
|0||3 days 6 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, ...
|10||3 days 14 hours ago|
Hello everybody, sorry to be a jerk ...I mean first post on the forum and that too a question..but I couldn't find a straight answer anywhere so here it is My understanding is that IRR is internal rate of return (i think it gives annualised return for everydollar (internally invested- used with wher...
|5||3 days 19 hours ago|
Interested in getting into acquisitions for REPE. Wondering if there is anyone in the field who could evaluate my candidacy (admittedly based on very few datapoints). Obviously there are a lot of variables, but how would employers value someone with 3-5 years working for one of the main CRE advisory...
|3||3 days 19 hours ago|
I am highly interested in breaking into the real estate space, and have a couple Acquisition oriented roles at different types of shops (REITs and REPEs), and wanted to know if you guys had any specific guides or resources that you might suggest to study for the interviews? ...
|3||3 days 23 hours ago|
This is my first post but this forum has been helpful in my current job search so I thought I would seek some advice. I currently work in loan servicing but had an interview a few weeks ago for a dispositions analyst position at a LIHTC investor. It's not my ideal position but would be a step in the...
|4||4 days 4 hours ago|
Monkeys, Has anyone bought the management consulted's real estate roadmap (http://managementconsulted.us5.list-manage1.com/tr...) that was available a few days ago ? I want to know if such courses are better to understand for a new person to the industry (and to finance in general). In due course, ...
|3||4 days 6 hours ago|
Alright is anyone actually using Argus AE? Argus keeps telling us that everyone is moving over but I haven't found anybody that actually does. ...
|81||4 days 7 hours ago|
I am calculating IRR from a 10 years projected cash flow + a terminal value. The terminal value I understand is usually calculated as FCFF(1+g)/(r-g). Incase of using terminal value for IRR calcuation should the r= cost of capital or r=IRR (in this case it will be iterative as its being used to calc...
|1||4 days 7 hours ago|
Hi WSO, I'd like to get your take on a co-brokers fee for a $50M+ asset. I'm currently working an off-market deal where I'm being covered by the seller(my first rodeo). I have worked with a colleague to find two highly interested buyers. I have already agreed to cover my buddy who found the buyer re...
|7||4 days 18 hours ago|
I want to preface this by saying that I'm not trying to be a dick to appraisers, so just correct me if I'm way off here because honestly this is just what I know from what limited sources I've heard from: The vast majority of what I've seen and heard of CRE Appraisers is that it's a much different g...
|77||4 days 21 hours ago|
This isn't a question as to when the current cycle will change. Or what kind of change it will be. I think we all acknowledge that as some point the market will shift. If everyone had an option of choosing their "ideal" niche in the investment market, between now and when the market fundamentally...
|8||4 days 23 hours ago|
We've got some guys coming in from Technosun to show us their modeling software. Has anyone had any experience with this software, or any others? (other than Argus/Excel) I doubt we'd switch from excel or Argus, but curious who has used it thinks its useful. The biggest client they claim to have ...
|0||5 days 8 min ago|
What's up everyone? I'm doing a brainstorming activity and trying to think of unique variables that differentiate one submarket from another when it comes to multifamily development outside of the obvious. I was wondering if there is anything someone here uses or thinks of that is a bit outside the ...
|3||5 days 1 hour ago|
Was wondering if anyone has information on these two firms. See they are active in Latin America and was hoping to get some color on their activity down there. I'm currently in a group working on similar projects, but all our stuff is domestic. Thanks in advance ...
Commissions and fees
|0||5 days 2 hours ago|
What do you guys think? This would be very useful to many of us. ...
|69||5 days 5 hours ago|
Hi, I am working on a case study involving the implementation of a cost savings program for facilities management. I need some help understanding the concept of run-rate cost savings. For example, company A requires $3M in cost savings achieved within first 6 months of contract. Is this considere...
|0||5 days 7 hours ago|
obviously knowledge of both is important, but which would you say is better to have experience in if you could only pick one if you wanted to invest in a portfolio of properties whether rental, single, etc.? ...
|4||5 days 17 hours ago|
I've learned through experience never to assume what comp will be for a given position. Depending on the company and how they typically structure total package, it can vary quite a bit. Whether through a recruiting firm or direct with the hiring company, is it considered acceptable to pose the que...
|4||6 days 22 hours ago|
Is it best to just rent it away? but definitely not for starting a business. How should I be creative in making profits from this space? It is for an entrance exam test btw. ...
|25||6 days 23 hours ago|
I am looking to gauge the interest of members in the Philadelphia area in real estate getting together for a happy hour. I am a real estate analyst on a national debt placement team in the Philadelphia area. ...
|3||1 week 1 hour ago|
Guys, I am 3 years out of college. Have had to change places almost every year since, because the rents keep rocketing higher. Was in Brooklyn before, then Queens, now Hoboken. and every year I have seen rents grow to Manhattan-level, with big institutions pouring money into luxury apartments etc. I...
|2||1 week 16 hours ago|
Dear Real Estate Forum, I would like to ask everyone who has a couple of minutes to please view my LinkedIn profile and give me your honest opinion whether I have a shot at getting a real estate analyst position and if so how do I go about getting it? https://www.linkedin.com/in/arjanamiri Thanks. S...
1 Billion Bound Stallion
|7||1 week 1 day ago|
What kind of experience or exposure should a first job in cre offer? Got an offer in loan closing. It would be running through legal docs and making sure that everything was compliant at loan close. I'd be preparing estoppels, sndas and other docs. Would this offer good skill and knowledge for some...
|38||1 week 1 day ago|
Hi- I am in a predicament with a couple job options. I am interviewing for a real estate analyst role with a principle which focuses as a holdings firm but does participate in new acquisitions and development opportunities. At the same time, I have received a offer for an appraisal role at a top CR...
|5||1 week 1 day ago|
Hello Monkies! Quickly approaching my 2 year anniversary at my small emerging REPE shop. While those in the IB fields have a set career trajectory that usually sees them leaving for PE after their 2 year stint, us folks in the RE industry have a lot more options/experiences to choose from. While the...
|8||1 week 1 day ago|
Hello, I was wondering if anyone knew whether or not a real estate sales or broker's license would be beneficial for a person looking to pursue a career in Real Estate Private Equity? Thanks ...
|11||1 week 2 days ago|
My ultimate goal is to open my own fund where I not only invest in Multi Family real estate in NY but also develop multi family properties and townhomes. What route would help me achieve this and bring about the maximum earning potential? ...
|3||1 week 2 days ago|
Let me start off by saying that I do not have an offer from either of these groups, this is strictly informational. I am in the early stages of researching potential opportunities. If anyone has experience from either working for or with these groups I would love to hear your opinion. These are of c...
|0||1 week 3 days ago|
What would be the fair compensation for an associate with a solid transaction background acquired in a boutique strategy consulting firm (5years) at a startup real estate fund in a top 5 US city. Fund size ~ $150-$200m not all funded. Staff includes 1 other associate, 3 MDs/partners. Fee structure:...
|15||1 week 3 days ago|
Any tips to ace an interview as a construction financing analyst? ...
|3||1 week 3 days ago|
I was wondering as a real estate acquisition analyst or associate how often you model jv /waterfall structures? what kind of RE companies have their analysts/associates model this? Im trying to get a sense of how many companies / what kind of companies require this for analysts. Is it expected at mo...
|11||1 week 3 days ago|
How often does the LIHTC come up when analyzing a new investment opportunity? I'm sure low income or government subsidized housing doesn't have the same ROI as a luxury unit that commands more per sq ft, but if a property qualifies for the full 7%+ on the tax credit, that bump in FCF must be a consi...
|7||1 week 4 days ago|
Hey Everyone, Wanted to know if anyone is heading to ICSC Vegas this year? Sound off if you are. ...
|6||1 week 4 days ago|
This summer I'm working at a real estate Asset Management firm as a summer analyst. Up until now I've only been working in biotech IB and don't know much about the real estate side of finance. What are some books everyone could recommend so I don't go into the internship looking like a fool. Thanks!...
|6||1 week 4 days ago|
I am in the middle of updating my resume and sending to real estate recruiting firms as well as direct job postings. I am debating whether to leave my last "paying job" off of my resume due to the way the working relationship ended. My career progression: 2 years of general corporate finance within ...
|11||1 week 4 days ago|
I work in RE Comml Banking at large bank (WF/JPM/BofA) Would a move to a small PE firm be beneficial if the goal is to transition into PE or Acquisitions? RE Comml Banking is slow growth because there is not much turnover at the senior level so you can end up doing the same job for a couple of years...
|5||1 week 4 days ago|
Real estate peeps, I heading to grad school in a few months and can't decide between a PC or a Mac. What do you guys think? I had a Macbook Air since after undergrad until now (been 4 years) but it was damaged so I need a new machine. Functionality wise, I don't think we'll doing any models that ar...
|32||1 week 4 days ago|
Hey monkeys - First off, want to thank everyone for reading and helping me out here. Long story short, I'm going to be an ER SA starting in June covering REITs. After tax, I should be making around 10k for the summer. My parents are going to match my comp. and I have another ~10k or so saved up (lea...
|7||1 week 5 days ago|
A couple of questions about a company like eastdill 1: can you give me some examples of similar companies in NYC (that have a similarly strong reputation)? All I seem to come across are the capital markets divisions of the places like cushman/cbre/jll 2. Seems like these places are essentially just...
|52||1 week 5 days ago|
This summer I will be working as an analyst with an equity REIT. I have not been exposed to real estate investing and look to learn more before beginning - what are some good books / courses to get me started? ...
|6||1 week 5 days ago|
Hoping someone can help me out with this, it is driving me crazy and I feel like I am completely overthinking it. I've attached a waterfall I've been working on. 3 tiers, the 2nd is one is what is tripping me up when I try to stress test it. Tier 1: Regular 6% preferred return to both GP and LP Tier...
|7||1 week 5 days ago|
There are a ton of REPE threads on here, but not too many on SWFs (GPF, CIC, QIA, ADIA, etc). I'm more curious on how you break into these types of roles. I imagine it takes a while - once you have tenure at a good REPE firm, have an MBA, second language, and progress towards the CFA/CAIA. Probably ...
|12||1 week 5 days ago|
Hi everyone- I was wondering if there is anyone still looking to break into CRE brokerage in 2016? I am currently working in finance, get paid decently but am super interested in being a broker. I got an offer from Marcus & Millichap and am tempted to take up the offer but am afraid the market e...
|12||1 week 6 days ago|
|4||2 weeks 58 min ago|
I work at a BB in a CRE group that does loan origination (senior lending, both balance sheet and CMBS) for multifamily assets. I'm curious how other banks organize their deal teams. We have a lot of people involved. Sometimes I wonder if other CRE groups run a leaner operation. Senior Originator - m...
|30||2 weeks 14 hours ago|
Hey guys, I am finishing up my undergrad (In Europe) and wonder which of these jobs would be better to start of a career in Real Estate which ideally will land me in REPE (London/New York) down the line. Real Estate Asset Management with a good european bank (Deutsche Bank, UBS etc.) Big 4 Transact...
|2||2 weeks 1 day ago|
Hi, I'm interested in learning how to value a portfolio of non-performing real estate loans, although any information on modelling other non-performing loans such as credit card receivables would be most welcome if that is something you are more familiar with. Even some starting points would be very...
|6||2 weeks 2 days ago|
Hello there, I am new here and I am preparing for Argus' certification program for Argus Developer. I bought the elearning program from Arugs, which came with a Case Study manual. I believe not many people wanting to get certified for the Developer program, but can people recreate the model with eas...
|0||2 weeks 2 days ago|
Putting together a back of the napkin valuation on a deal, wanted to get input from the forum. Property is a self storage facility, Class B physically, B+ location in SoCal. Ground lease has 15 years remaining on term, land owner does not want to sell or extend at this point. The property is perfor...
|7||2 weeks 3 days ago|
Hi guys - would anyone be willing to share any loan valuation models they use to value subperforming/nonperforming real estate loans? I have one that I'm using right now that I think could be improved. You basically have to estimate typical yields an investor would require and back into those number...
|0||2 weeks 3 days ago|
What's the highest possible all-in comp for a first year Integra analyst? Say, for example, an analyst in a secondary market but still major city like Dallas/Houston/Atlanta worked IB hours at Integra and got to production (commissions) within 4-5 months and continued working IB hours after that and...
|4||2 weeks 3 days ago|
Doing some financial analysis for some real estate properties after a long while. Seems like I have forgotten some of my real estate/investing principles so needed help with a dumb question. Why does putting the least amount down yield the highest return? i.e. in this property, if I put 20% down I m...
|13||2 weeks 3 days ago|
Even my boss is kind of stumped on this one. The owners of my organization have all agreed to sell our land in a Washington, D.C. exurb; the land is predominantly for single-family homes, townhomes, condos and/or apartment rentals, although there is a piece of commercial (office/retail) land worth a...
Virginia Tech 4ever
|23||2 weeks 4 days ago|
Is Loss to lease percentage a calculation or is it an assumption/input? In a scenario where you are modeling apartment renovation or acquisition, should loss to lease be provided as an assumption or is it a calculation one makes by using the difference between pro-forma rent and actual rent divided ...
|8||2 weeks 4 days ago|
I work for a pretty lean REPE firm (5 total employees including Principals) with about $300M AUM. Some of this is in deals in which we are our own sponsor, some in more "hands-on" type JV partnerships, and about 1/3 in relatively passive JV deals. As you can imagine, in a firm this size, most eve...
|0||2 weeks 4 days ago|
Any attempts on comparing these 2 role? if not, some ideas on pros and cons of each are greatly appreciated. ...
|1||2 weeks 5 days ago|
My friend's a junior and her dilemma is that she has to pick between between an internship offer with a REPE firm or F500 company in a corporate finance and supply chain role by tomorrow. She is not completely sure if she wants a career in real estate but has enjoyed a prior role working as a develo...
|4||2 weeks 5 days ago|
Hi all, a bit of background on myself: - Graduated from an Ivy in 2010 - Spent 2 years as an analyst at a BB bank (top group) - Spent 3 years at a lower MM PE/Private Debt Shop focused on energy, healthcare, consumer - Spent the last year at an upper MM, well-known PE/Private Debt shop (focused most...
|0||2 weeks 6 days ago|
Hello, I have the following course:https://www.getrefm.com/shop/self-study/foundation... Looking to trade for any other real estate financial modeling course. Let me know what you have. Thanks ...
|4||3 weeks 47 min ago|
Anyone know any lenders that still do long term, preferably 10 years, on interest only loans? We have an existing property, with $6 million in debt. I prefer to do I/O for like 5-10 years then have it convertible to amortizing term. I called several banks and many cringed at interest only unless its...
|31||3 weeks 2 hours ago|
What are the pros and cons? Would this set you up for an easy transition into REIB or REPE? Thanks! ...
|0||3 weeks 1 day ago|
Using debt to invest in real estate has evolved over the last 30 years, and significantly changed after the subprime mortgage crisis, when more stringent regulations were introduced into the system. Looking back at different WSO Real Estate topics, there are a lot of posts regarding financing, debt ...
|9||3 weeks 1 day ago|
I currently work at a boutique RE investment/development firm. When I say boutique I mean very boutique. Besides our back of the house operations (accountants, property managers, etc.) it is the principal of the company and myself doing the deals. We use his capital and platform and leverage his cap...
CA RE Guy
|16||3 weeks 1 day ago|
How much would an unpaid summer intern at a boutique commercial real estate brokerage firm located in NYC earn from bonus (commission)? Expecting to work about 10 weeks. Also, what are my options in other finance sectors after gaining experience in CRE? Could the modeling and market research help me...
|23||3 weeks 1 day ago|
|0||3 weeks 2 days ago|
Here is the last thread from mid Feb. http://www.wallstreetoasis.com/forums/where-are-we... Any change in your opinions? Feel free to share your thoughts on one or many asset classes. Quick touch on Wall St. I still cannot believe the Dow is hovering at 18,000. With real estate in general I al...
|12||3 weeks 2 days ago|
Hi, guys. Currently working within real estate investment banking boutique in New York (capital raising, financing, large portfolio and note sales) and am considering an offer to move to the buy side world. Real estate private equity certainly has its allure, but the company I am looking at would...
|2||3 weeks 2 days ago|
Does anyone know the drug testing policies at RE companies with regards to shrooms? Do companies even test for shrooms? I've heard they only look for more standard drugs like coke and weed. Also, does anyone know how long shrooms stay in your system? ...
|10||3 weeks 2 days ago|
Question for those with some experience already: I've been with a group for over a year now making LP investments into different projects across classes and throughout the country. Prior to that I was with a small group in Asset Management. Have underwritten large portfolios of affordable housing an...
Commissions and fees
|1||3 weeks 3 days ago|
I'm currently a 2nd/3rd year analyst (soon to be associate this summer) at a bank in CRE Lending (major metro). I've been looking/interviewing over the past few months to move to the equity side, however I've been getting frequently contacted by recruiters regarding associate positions at Life Cos (...
|18||3 weeks 3 days ago|
This is a bit early but still curious, I'm looking to make the transition out of brokerage roles to lender/fund side. What are the differences in modeling required? I am used to making a 10 year DCF with equity hurdles and JV splits npv, irr, COC, MOIC, analyst,how would a lender look at the debt r...
|5||3 weeks 3 days ago|
I've been working through a few REPE modeling tests and had a few questions regarding structure 1) Is a standard sources and uses required / common? About 50% of the models I have seen have them but they don't seem to a necessary step. Coming from more corporate modeling its a habit to include one. ...
|3||3 weeks 3 days ago|
As the title states. Looking to make a career change and want to bolster my skills/resume a bit. Thanks. ...
|20||3 weeks 3 days ago|
Hi Gang, Same question as below, but different company. Is anyone transactionally familiar or notionally familiar with the group? Any info would be helpful. Thanks ...
|0||3 weeks 3 days ago|
Hey all, this is not the first post and won't be the last. Does anyone have any info on M&T Bank? It is the CRE group in NYC, if anyone has any insight on what the group is like, how the day-to-day is. How would this position differ from a job at a LifeCo, Balance Sheet, etc. Anything even ta...
|0||3 weeks 3 days ago|
I am tired of the fluff pieces on real estate where real estate is always going up and with only watching 3 episodes on HGTV your grandma can flip a 20 unit apartment building with 0% down. Market reports from brokerage firms, articles on Reuters and Forbes, etc are all just mouth pieces for Realto...
|23||3 weeks 4 days ago|
All, I am doing some analyst work for an existing client of my firm on a stand alone basis. Its a redevelopment project and I have done all of the modeling for the equity raise. My firm is involved, however not in the capacity of raising equity. The client has expressed that he will compensate me in...
Crazy Lloyd Braun
|9||3 weeks 4 days ago|
Curious if there is a rule of thumb for expected default/delinquency rate of the borrow relative to the interest rate on the loan sold to the borrower. Specifically, I'm looking to answer this hypothetical: If one could ensure a lender that one could reduce default rate by x%, what reduction in int...
|5||3 weeks 4 days ago|
Hi I am relatively new in this community and I've already found it very knowledgeable and helpful. My background: I earned a MA in Economic Policy from a tier 2 university in Boston as an international student. I got into Real Estate 4 years ago as a Financial Analyst for a small PE advisory firm. ...
|1||3 weeks 4 days ago|
I've known the crowdfunding firm Fundrise for a while now, but never really looked into it:https://fundrise.com/ Basically you go to their website, select a deal you like, and invest cash ($5,000 minimum), without physically meeting the sponsor/operator/developer. It's like buying stocks online but ...
Chinese RE Guy
|34||3 weeks 5 days ago|
Hi, I have an interview on Thursday where I will be given 1 hour to conduct a financial model on a real estate case study. This firm typically does tax credit real estate development. I am trying to figure out what I should review / study for this model cast study. I have never done one before. ...
|2||3 weeks 5 days ago|
Can anyone offer some color on Macquarie's Special Situations Real Estate group within the Corporate and Asset Finance department (the bank's principal investing / lending arm)? Asking about NYC specifically. Deal flow, comp, hours, etc? The group seems to be comprised of strong backgrounds based ...
|2||3 weeks 5 days ago|
Anyone active on the GP/LP side of affordable housing? If you have funded or developed any of these deals, please feel free to share your experience or thoughts on profitability, risk, or unique structures. I figure it's a long shot but I am trying to get my hands a 4% LIHTC Bond financial model. An...
|20||3 weeks 5 days ago|
Looking to get certified in ARGUS Enterprise with the ARGUS Software Certification (ASC) Valuation - ARGUS Enterprise Bundle found here -> http://customer.argussoftware[dot]com/s.nl/sc.39/c... Has anyone had any experience with their e-learning stuff and getting certified via their e-learning bun...
|3||3 weeks 5 days ago|