Permanent remote job as a Multifamily Acquisitions/Development Analyst?
Curious to see if remote acquisition and development roles are out there. Most seem fully in person or hybrid...
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Developer in RE - Res, bummer your thread hasn't had a response yet. Sometimes bots are smarter than humans anyways:
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Fingers crossed that one of those helps you.
Good luck - no serious firm is going to offer 100% remote work for a front office role in the near future. Hybrid is definitely realistic though.
As someone who thought remote work was great, trust me when I say you are missing out on a TON of learning and greatly slowing your development by not being in the office at least a few days a week. A ton of impromptu conversations occur just popping into people's offices, but an analyst working at home tends to be an afterthought and just gets passed work with as minimal instructions as required.
Yes I agree completely. You learn a ton more much faster if you are in person. I've been at my current role 2 years and its full time in office- I loved being surrounded by execs and have been pulled into big projects in instances where my superior was on PTO and I was in office. However, I'm young and single and really want to travel for a couple years. Ideally wouldn't want to settle for a fundrise or real estate advisory role, would want buyside or role with strong exit ops to buyside. I realize my growth will be stunted but I got a buyside role straight out of UG so I'm a little ahead of the curve.
I don't have the responsibilities at my job to assign work to associates, but I do often have to pull them into a deal for some help on something, and I rarely think about the entire group of associates, I just walk to the bullpen and see who's available. Granted, the work I'm pulling them into is more development PM based, not necessarily pure RE finance stuff, but it gives them a broader development experience.
The execs at my current company have this rationale. They like to be able to walk up to my desk and pull me into a conference room if they need something. Even though they could call my cell or tell me to set up a zoom meeting where I share screen, they prefer communicating in office. My role is all financial modeling/spreadsheet analysis.
Depends. Small firms or family offices probably more likely.
Our office has had a mandatory return to office policy for a while now, but I know a couple of my colleagues got stuck in new places during COVID and are being allowed to work remote - as in, guys in LA or Austin are being allowed to stay there and try and commute in for a few days a month.
I would never want to do this as an analyst and I would consider it a huge red flag if an analyst candidate asked for this. It's a different story once you have years of experience under your belt (both in the industry and at the company itself).
Would never ask if it was never offered. It seems your concern is about level of inexperience at the analyst level.
It's not just lack of industry experience. It's knowing the firm itself, the people, the rhythms of the workflow. Especially in development, where it can take years from being initially staffed on a project to knowing all the ins and outs and being able to speak intelligently about it and push the project along.
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