Does anyone here work for the real estate department of a company or for a restaurant (most likely a franchise business) or at a REIT funds? If so, could you please talk about your experience and if you've worked at both how they compare? Thanks in advance.
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Career Resources
Based on the highest ranked content on WSO, working in real estate (RE) can vary significantly depending on the type of organization you're with, be it a corporate entity, a restaurant (likely a franchise), or a Real Estate Investment Trust (REIT) fund. Each offers a unique perspective and set of experiences in the real estate sector. Let's dive into some insights:
Corporate Real Estate:
Real Estate in a Restaurant/Franchise:
REIT Funds:
Comparison: - Scope and Focus: Corporate and franchise real estate roles are more operational, focusing on supporting the business's direct needs. In contrast, REITs are investment-driven, focusing on property performance and returns for investors. - Skill Set and Experience: Corporate and franchise roles might require more negotiation and project management skills, dealing with leases and property development. REIT roles lean more towards financial analysis, market analysis, and investment management. - Career Path and Opportunities: REITs might offer a clearer path in real estate investment and portfolio management, potentially leading to roles in senior management or specialized investment areas. Corporate and franchise real estate roles could lead to senior operational roles within the company, focusing on strategic expansion and optimization of the real estate portfolio.
Each path offers unique challenges and rewards, and the best fit depends on your career goals, interests, and the specific dynamics of the real estate market you're most passionate about. Whether it's the operational focus of supporting a business's real estate needs or the investment-driven approach of managing a real estate portfolio for returns, there's a wide range of opportunities in the field.
Sources: Real Estate Q&A, best way to understand careers in real estate, Development vs. REPE, Good Responses to Common Interview Question: "Why Real Estate?", REIT career path to REPE
My first job out of college was working in Real Estate for a franchisor of a chain of hair salons.
The job has little to do with real estate investments, and won’t be helpful in getting a job in acquisitions. You are more of a relationship manager between the Franchisee, the tenant rep brokers, the franchisor, the potential landlords and their brokers, attorneys for negotiating leases, etc. At my firm, we weren’t a in-demand franchise, so the franchisees had a lot of power in the relationship. So the job also involved a lot of talking them into picking the right sites, walking them through all the standard lease terms so they don’t get scared. I am sure if you worked at McDonald’s it would be a bit different as you could just pick a site you wanted and tell the franchisee to take it or leave it. As a career it would be more applicable to getting into brokerage. I only worked there a year before I took an entry level position at a large repe firm.
If your dream is to be making investment decisions, like an acquisitions role, a position at a reit would be a much better path.
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