RCLCO
Searched the threads in this forum for anything on these guys, but couldn't find any info. Anyone have any insight on this group? Perception in market, working for them, recruiting, exit ops, etc?? Thanks
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Used a couple of their reports, decent imo.
exit opps i assume would be research-based
Seem very elitist/snobby for what they do.
Sounds like it's been that way for a while. Senior year a good college buddy of mine interviewed with them a decade ago and said something very similar.
bump. are exit opps similiar to that of a shop like HFF or this more like a Green Street type firm?
Completely different firms. RCLCO is research.
No def not similar to HFF and I am shocked you're asking (nicest way to say it). Look it's not even the same thing. Maybe my outline below will help. Please note I am basing this off a two second review of their website, but I've been around long enough to know if it was similar to HFF exit ops wise I would have heard of it. Look if you got a job RCLCO and you're breaking in the industry great just don't think you're going to Blackstone Debt Strategies after 1-2 years.
HFF Exit Ops: acquisitions, AM, capital markets in-house, lending and development pretty much anything you want within reason (Summary: RE finance and investment).
RCLCO: Maybe but development but doubt it or other stuff you probably wouldn't like (Summary: probably not RE finance and investment).
Not completely true. RCLCO began as a research company, they have now expanded their platform into more of an advisory role for institutions (pension funds) looking to deploy capital. You can expect valuing / underwriting / analyzing / reporting for platforms ranging from core to value add. I would consider this a great place to start for a career in real estate. Regarding this or HFF, you are essentially comparing apples to oranges so hard to compare.
Sorry if I'm being a dick but there is no point in getting some kids hopes up. If that's the job he gets (RCLCO) then he needs to take it, get experience and then hustle to get something better.
Kids out there RCLCO is not sourcing investments or negotiating anything but their engagement letter, don't let that joker trick you. I get sucked into giving attention to these plug threads all of the time. I will ignore them from now on, scouts honor.
Thanks for the info, guys. Didn't mean my inquiry as a plug at all. I was looking for objective info about them, as I had an opportunity to interview there. I knew they didn't do any principal investment, just wasn't sure how their rep in the market was. There are some advisory firms with stellar exit ops, but others where you get pigeon holed into brokerage. Given I know I want to be in acquisitions, I didn't think this would be the ideal fit for my goals.
Whoever is throwing monkey shit at me for literally no reason, they can go f*ck themselves. This forum was intended to help others, and getting help from others, in an industry that we are all in, or looking to get into. There's numerous times I read something and disagree with whatever was mentioned, but I don't go around throwing monkey shit at them just because I don't know their statements to be true.
I'm happy to have a constructive debate if anyone is willing to admit they threw monkey shit at me, and why.
A final note. Q42017, RCLCO replaced (or will be replacing as of March 2018) The Townsend Group as CALSTRS investment committee real estate consultant:
https://www.calstrs.com/news-release/calstrs-selects-rclco-investment-c…
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