Best Response

I assume you are talking about the real estate group within investment banking?

If so, I am somewhat familiar. They were not a historical leader in the space, but seem to have taken more market share in recent years. Real estate is a very capital markets-driven industry since REITs can't retain earnings and must raise new debt or equity to grow. So REITs tend to lean on big balance sheet banks with lending and capital markets capabilities (particulary BofA, and Citi to a lesser extent). JPM took advantage of the downturn when BofA and Citi had to cut exposures and started lending aggressively, which curried favor with some of the REIT world.

In 2011, they advised AMB in its takeover of--pardon me, "merger of equals with"--Prologis, Nationwide Health Properties in its sale to Ventas, and HCR Manorcare in its sale to HCP. They were recently lead bookrunner on Retail Properties of America's (formerly Inland Western) IPO.

 
advantageplayer:
One of the largest, most well-regarded RE groups out there...right up there with Eastil Secured etc.

Eastdil and JPM RE hardly even operate in the same space. Look at their websites. A lot of these firms that call themselves "real estate investment bankers" are essentially brokers.

http://www.jpmorgan.com/pages/jpmorgan/investbk/solutions/banking/exper… http://www.eastdilsecured.com/_about/overview.htm

 

Ive worked quite a bit with that group across the seniority spectrum. Ive found the senior guys to be highly competent, well-connected, and fairly outgoing although I would say at least a few are pompous relative to the guys I know at other banks in same positions. Seems like a collegial environment but be prepared to get crushed as an analyst. Used to get emails from those guys at all hours of the night and they always looked like they hadnt slept in days. For what its worth, I think I would have enjoyed working in that group. Good luck to you

 

If you are talking SF office, I agree with above - very laid back, nice guys. Prestige and exit opps are low though. You won't get much advisory experience to speak to in PE interviews - almost all underwriting, especially in the RE group.

You can't kill the guys you trade with
 

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You can't kill the guys you trade with

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