For a junior role and someone with no experience in RE specifically, do asset management interviews differ much from the acquisitions interviews for big RE funds? I found a lot of technical interview questions online surrounding the acquisitions side in RE, but not so much the AM side. Hoping to get some guidance on what sort of RE specific questions I should expect, other than the behavioural and "why AM" questions.
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Based on the most helpful WSO content, the interview process for RE Asset Management can vary, but there are some common elements you can expect.
General Real Estate Questions: You might be asked questions like "If you could invest $100m where would you put it?" or "How would you value 2 identical buildings?" These questions test your understanding of the real estate market and your analytical skills.
Technical Questions: While there might be more resources online for acquisitions, the technical side of Asset Management is equally important. You might be asked about financial modeling, valuation methods, and market trends. Brush up on your Excel skills and be prepared to discuss any relevant coursework or projects.
Behavioral Questions: These are standard in any interview. Questions like "Why AM?" or "Tell me about a time when..." are designed to understand your motivations and how you handle certain situations.
Company-Specific Questions: Be prepared to discuss why you're interested in the specific company and role. Research the company's recent deals and overall strategy.
Remember, every interview is a two-way street. It's not just about them evaluating you, but also about you evaluating if the role and company are a good fit for you. So, don't hesitate to ask your own questions. Good luck!
Sources: JPM Asset Management - RE Interview, How much does RE Asset Management pay a year?, Asset Management Interview Resources
Depends on shop and scope of role. If you're involved in acquisitions as well definitely expect similar questions. If it's pure AM I think you should generally still expect technicals (what are the valuation methodologies, walk me through a DCF, what is a cap rate, basic mental math, etc.) and maybe some more tailored to AM (here's some details on two leases for a centre why might we choose one over the other, what are some factors that might play into the decision to sell an asset, what areas would you explore in trying to unlock value at an asset, etc.).
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