Moving from Property Management to REPE/Asset Management

Hi All,

I'm still relatively new to the site though I have been lurking for a bit. Through searching on the site I was unable to find some insights or if it is possible to move from commercial property management (office/industrial) to the Asset Management/REPE/acquisition side of the industry.

Basically I went right into a non-target, private MBA program immediately after undergrad and now have a few years experience as a commercial property manager. As I have been looking to move to the AM/acquisition side of CRE I have found that my work experience hasn't really gotten me anywhere in qualifications even though I do some aspects of budgeting, forecasting, financial analysis. Couple that with the financial learning from my MBA I feel like I have a strong foundation for any analysis needed.

Has anyone here made a similar jump in the industry? Does anyone have any recommendations about how to approach target companies to show that my experience does have some transferable/relevant skills?

I've reached out to some current clients previously (wealth/capital management firms/institutional type firms) without luck or suggestions.

Thanks in advance for any advice.

 

I am working on a deal with a development analyst who came from years of property mgmt experience. Granted, they are not a super-well-known developer like Related, but still. A headhunter found him for the job.

Also, a developer my colleagues are working with is the former "Executive Vice President-Property Management" from a local brokerage firm. And his partner came from an extremely similar background. They make millions now. Granted, they have gray hair, but the point is not to give up hope.

 

Prospie,

Thanks for the reply. It is nice to read that it is possible and that they continued to succeed in the new roles. I guess just cut my teeth a bit more in PM until an opportunity arises!

Thanks.

 

I know several asset managers with property management backgrounds. Most of them worked for one of the big full service firms (CBRE/Cushman), made a lateral move internal at the company and then exited to the AM/developer/fund of their choice.

 

Wanted to bump this and see if others had any insight.

I'm looking for a similar path. Currently a regional manager for a multifamily company. MBA from a non-target school. I'm trying to figure out how to make the jump to the Asset Management side. Debating whether I take a hit in pay and find an analyst position and work up, or try to make a move directly to an asset manager role.

 

Dicta nam beatae non et voluptatem. Animi explicabo quae quia temporibus laboriosam. Soluta at nesciunt eveniet deleniti. Et quis est nemo delectus facere harum odit. Sed nisi repellat accusamus quo.

Provident sint dicta enim sed porro sed. Rerum illo qui dolorem aspernatur occaecati. Vitae maxime nihil consectetur rerum optio ut ut. Tempore modi ea occaecati perferendis. Et in dolor vero culpa incidunt.

Voluptates tempora qui et rerum occaecati nisi est. Voluptas animi sed sunt earum porro qui illo. Laboriosam quo voluptatem quia occaecati. Molestiae dolores incidunt magnam ratione ut magnam.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
kanon's picture
kanon
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”