Long time reader of this forum, first time poster.
Would greatly appreciate any insight on CIM Group and their final round pre-mba associate interviews.
Has anyone been this year? Any color on format/length of their case study, general interview process, or other feedback?
Can anyone comment about culture there? I've heard hours are longer than average and pay is below market.
Thanks in advance.
FM
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Interested to hear how this played out @"frank562"
I know there's a modeling test for pre-mba, but not for mba internships. I would brush up on their current projects in Las Vegas and LA. Also brush up on interest rates and where you see them heading/impact on real estate, etc. Can't tell you much more than that since it was friend two years ago who interviewed. Pretty sure they have a lot of turnover but it's a great place to start. Lots of Stanford guys too.
CIM Group- RE PE (Originally Posted: 10/06/2010)
Anyone interview with them? Any idea what to expect?
It's one of the best real estate funds out there. They have a fund close to $8Bn and was started by ex goldman morgan guys.
LOL
i'd like to know more about this too. what's to lol anyway?
I loled because I think the fund is close to 18Bn not 8Bn
They had a fund of $8bn 2 years ago, they were raising capital for another fund but I highly doubt they were able to raise 10bn in 2 years. One thing I am pretty sure about is that there analysts have some great exit opps, my friend worked there for 2 years and he went to BX Real estate and another analyst in his class went to Carlyle. Supposedly the Principals are super connected and the founder was very close to Michael Milken at Drexel.
Doesn't take much
CIM Fund III vintage 2007 is sitting at -85% IRR as of Dec 2009 - source Preqin. Ouch.
They are currently raising another fund and are targeting $2bn. Seems like they are fully integrated so I imagine an analyst could possibly work on a bunch of aspects of the deal.
Yep. That's what happens when ex-ibankers think that they can invest in real estate.
For fuck's sake, -85% IRR. They're almost as bad as MSREF.
Hi, I can't help but to wonder if you can provide me some insights into real estate analyst job. I am a career switcher from legal/law to real estate, and really want to break into real estate analyst type of jobs...But don't have much proper undergraduate education to back me up...please help!
Now that is truly sobering. Negative 85%. Sad. Run. Cry.
Um, where do you guys get your info from? I heard CIM Group was started by a couple of guys who met while mowing their lawns, and they're more of a redeveloper than investor.
yes i think there is some misleading info on this thread. CIM group is definitely not "elite" ...
So, where do you guys get your info?
I looked it up on preqin. From their website they are a developer that has raised private equity funds - not to be confused with a real estate private equity firm like Blackstone RE or Westbrook.
Actually, I didn't mean you, REBanker. I wanted to know where the other guys got their info because they sound wrong.
Just curious, does your employer give you access to preqin or did you pay for that service out-of-pocket?
Employer pays for it, but only the RE section. I'm a bit ticked that they just cancelled the perenews.com subscription though.
It's funny because pere news just did an article on CIM group and how they were linked to the CalPERS bribery scandals.
Yep, I heard that too:
\http://www.privateequitymanager.com/Article.aspx?aID=14408&article=56865
PERE News sucks. Trust me, you're not missing much.
I like PERE news actually. It's not useful for my firm / for business reasons, but i find it interesting / fun to see what the other firms are up to and who's raising capital etc.
Exactly. PERE News is fun to keep tabs on what firm is hiring whoever or what firm is raising whatever; its like a REPE tabloid. But they make you pay too much for that kind of info.
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