Altus Group
Just a quick question, what is the general consensus regarding Altus Group's research, valuation, and appraisal department as an entry into CRE for recent undergraduates?
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Got a buddy I used to intern with who works for them down in their ATL office in their valuation group. Last I spoke to him, in October, he really enjoyed it and was spending a lot of time traveling to different clients. They even flew his girlfriend out to see him on his first work trip since he was out in Cali working with a client for about 2 weeks. If you've got any specific questions feel free to message me. I'll forward them to him.
bump this topic. Any direct experience out there?
From what I understand, I have heard the same as above. The RVA group is a solid place to be out of undergrad to learn the basics and springboard to a REIT.
edit: reworded
can anyone else chime in on this? Interested in their RVA group.
What's the consensus on RE valuations firm like Altus? (Originally Posted: 10/25/2016)
What is a RE consultant role there like? What are the exit opps for roles like this? Is this a good place to start out?
It's ok. Decent place to start out of UG. Would not want to use an MSRE / MBA trump card and land there though.
The people that I've come across are pretty smart. The skills that you learn (underwriting and valuation) are valuable.
I think the top exit op would be investment sales if you're at the analyst level. Followed by Asset Management. Maybe lending but most lenders don't really respect appraisers and that could hurt you.
Appraisal is a fine spot to start. Learning valuation you could move to acquisitons, or investment sales. Could also move to Asset Management, but could potentially be a hard sell as you're learning valuation, which asset management does to an extent, but you're not learning how to manage the business plan of a building.
Between a analyst role at altus, a commercial lending credit analyst role, or a corporate rotational program which would be the best?
IMO lender and it's not even close
Bumping this because I have an interview with the RVA group tomorrow. Any other opinions or insight on working here?
Any words of wisdom or thoughts on Altus RVA group? How did that interview go?
Have an interview for RVA there coming up. Interested to hear how the interview and any other details or insights.
When I interviewed at Altus Group the in-person interview was pretty easy going. Nothing too crazy/technical. However, there was a three-part test:
1) Excel proficiency (nothing fancy here at all...) 2) Writing skills (appraisals are all about writing... which is funny because almost no one gives a shit what they say, all they care about is NOI/cap rate/valuation) 3) Proofreading.
I would recommend that you are aware of some transactions that occurred in your region so you can talk about them if they ask. Looking at the most recent quarter broker reports would be a good idea...
Also look into the AACI/P. App designation and be cognizant that you will be required to get this.
Be prepared to bend over and touch your ankles on salary though...
When I interviewed, it was just basic why real estate questions, no Excel test or Argus testing. I was told $60k with a small signing bonus was the norm. This was in their Houston office.
I wouldn't say its a bad place to start out of undergrad. The ex-Atlus folks I've worked with all have a leg up on the rest of us when it comes to Argus skills since they have to get certified.
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