Hi all,
Just wondering if someone could tell me what the prerequisites are for working at a REIT? I understand that it is an old boys club so i wonder if leveraging the right contacts could soften the blow from having to start at the complete bottom of the pile.
Thanks!
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There are none. The only universal difference between REITs and any other real estate company is that REITs pay no corporate taxes as a result of paying a high percentage of all taxable income as dividends to investors.
You get a job at a REIT like a job anywhere else. Get your foot in the door, show up smiling, don't say anything too stupid, and get a little lucky.
Prospie...not sure I understand your point. I know a lot of REITs that have different strategies. Some focus on existing assets in primary markets, others development deals in secondary markets, etc.
I agree with the earlier post that you should approach the interview the way you would for any other real estate company. Good luck!
I see. Why don't you ask him to clarify his point? I'm not suggesting that he "doesn't know what he's talking about"
Breaking into PE Real estate or REIT's (Originally Posted: 11/16/2012)
HI all,
I am trying to find a good entry route into PE real estate. Would getting experience in Corporate real estate help? Or possibly experience as a commercial broker?
I can only imagine that there have to be other routes other than in IB division. I am wondering from someone with no experience however. If REIB is what is needed. How do you even go about cracking that?
Thanks!
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