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I have nothing helpful to say here but I think David Lichtenstein is a badass
That's good enough for me! lol
Interviewed there last year. The guys I met with were interesting from diverse backgrounds (banking, architecture, brokerage), and there are a bunch of cool projects underway. They work in a number of asset classes, when I met with them they mentioned they just started getting into office properties so my knowledge of Argus would be a positive.
Their offices are (or were, not sure if they've moved - they were at Park and 54th area) are a dump and they mentioned the office clears out on Fridays for Sabbath.
Lichenstein... he's a certified badboy.
Sounds like I need to give it a shot.
Thanks!
They had an ad in this week's Real Estate Alert. So I'm guessing they must be good..
How did it go? Who did you meet with?
Honestly? I have no idea.
I flew in on a red eye and met with the HR lady at 11am after traveling for 5 hours, so I was probably a little frazzled. She asked me a couple weird questions, the oddest one being: "Did I forget to ask you something that (I was supposed to/ you think I should) ask you? Like something about your background or something I missed?" I thought it was a very odd question and responded by saying "I don't think so....?". (I have no idea what an interviewer at this level was required/expected to ask me.)
One of her relatives must have been a brick wall. Couldn't read her at all, and if you told me she was a profession poker player, I wouldn't be surprised. Not a hint of what she was thinking. Mono tonal for most of the time I spoke with her (phone and in person), a semi confrontational/uninterested air to her. Almost felt like she was just going through the rounds and was on her last day before retirement and simply beyond social/emotional approach. I would think this is exactly the kind of person you want doing HR.
This is probably my 3rd interview I've ever had since college mock interviews, and it was a lot more "stuffy" than my past interviews (Real estate agent and an interview with a small 3 person firm based out of midtown). If they are all like that, I am not a fan at all.
This wasn't a technical interview, just a "who are you and what have you done?" interview.
So, you flew in just to meet with a HR person?
Yep. Really expected more and was extremely disappointed.
I was a summer analyst on the acquisitions team at Lightstone. Everyone I worked with was brilliant and their deal volume was outstanding.
Nope. $400 waste of time.
you had to pay yourself??
Yep. I had other business I wanted to get over with as well. I was told to stop by whenever I was in town, so I decided to kill 2 birds with one stone, out of my own pocket.
Ok, this story is starting to make a little more sense. I couldn't see them paying for your flight only to have you meet with a HR person. If an employer says "stop by whenever [you're] in town" that means they aren't serious about hiring you and it's best to pass unless you (a.) don't have any experience to bring to the table, AND (b.) are desperate to relocate.
Ya that makes sense. Probably doesn't help that I am currently residing in miami for a few side projects but still consider myself residing in new york full time.
That's too bad dude. I went in for an interview for an internship while in grad school. Met with ~4 of their deal guys over 2 hours. Had an interesting time, not too many technicals and it was clear they felt as though I could add value on office analysis. They mentioned they just bought an office asset in midtown but no one knew how to use Argus, heh.
Ended up turning it down for a more institutional gig. Did you reach out directly to their acquisition group or go through HR?
Bump
If its the company I'm thinking of, they are a MF non traded REIT shop, correct? I analyzed one of their REIT programs heavily and they executed on their value add strategy very effectively with a smart team in the AM group. My only concern would be is this a company thats built to sell? The NTREIT industry is taking a lot of regulation hits and is not as stable an avenue to raise capital. Now that they have grown, perhaps they have expanded. But when I analyzed their NTREIt 4 years ago their main source of capital was financial advisors, and then highly leverage (75%) of the remaining capital.
In summary: Smart company who profited well on a value add MF strategy. Con being how stable and secure that business model will be when the new NTREIT regulations hit...and their capital source potentially dries up.
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