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I have a friend there who works in global real estate. She brought me in for an interview this time last year, and everyone there was very friendly, very nice. My memory is murky, but I think what the VP said was that AIG divested all their RE portfolio when AIG was in trouble, and now they are trying to build it back up.

According to my friend's FB, she travels A LOT, and her hour seems long, as she told me AIG pays for her cab ride to Queens. Her team does a lot of ground up construction projects. Actually, I thought an insurance company would be more of core, core plus play, but AIG did surprise me in that area.

In terms of layoffs that were mentioned above, I am not sure. I did see a job posting in selectleader for mid-level about a week ago.

 

AIG is a smart shop. depending what side you're on in the commercial space. They are expanding out their niche product types such as student housing, senior living, etc.

The more vanilla deal types are like any other insurance shop. HEAVY deal flow. You will be an inch deep mile wide so to speak. Ive met their ATL team, and they will all tell you that "think of the ATL office as a remote location with the home base being in NYC". thus if you can join the NYC team, that seems to be where most of the deals are run out of. I do not work for them, and do not actively do deals with them. This is just the little amount that I have been exposed to their team in ATL and NY.

Only concern would be that they had HEAVY turnover recently, and considered selling their entire RE during the downturn. I do know people who have been let go/left AIG, but then joined back up with them a few years later - which I think ultimately reflects positively, no?

 

I took the test a few years back...fairly simple excel test: build a Multifamily DCF in under 45 minutes (the provide a bare-bones template). No promote/waterfall schedule was required. However, you need to calculate the levered and unlevered IRR, and come to a brief conclusion as to why to make the transaction. They awarded "bonus" points for "bells & whistles".

PM me for more info

 

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