Hi,

I am sourcing for services to help our company with acquisitions. We may as well need structuring/tax advice as advice when it comes to screening potential targets in the region (Asia). What do you think is best a Big 4 audit firm (they do offer these services), or an investment bank? And why?

I do think investment banks are necessary for certain things, like IPO's, but in this case maybe we can do without, and not pay the expensive fees. Any comments are much appreciated.

I've checked almost all of the previous threads on this topic before and understand the differences between the two.

What I don't understand is the apparent notion that it isn't very likely to transition from AM to acquisitions. Is this even true?

I mean it seems like it's almost a natural progression. In AM you actually execute the whole investment plan that acquisitions dreamed up. You have a far better grasp on all of the assumptions than any candidate from REIB or a purely acquisitions background. Assuming you are just as financially adept as the people with IB/acquistions backgrounds this should be a no contest.

So why is it difficult to switch?

Although this is RE related, I am thinking maybe those on the AM side would have a solid opinion.

The consensus is that acquisitions, from a pay and exit op standpoint, is superior to asset management.

Ceteris paribus, wouldn't the best be a little of both (more eat what you kill style)? What do you think would be a good mix?

70% AM / 30% acquisitions sounds about right to me.

It seems most people exit to the VP/principal level at large (5B+) funds where they have the eat what you kill style shop rather than 100% splitting acquisitions and asset management. Would the exit ops be superior and more diverse with experience on both sides? Can you really get a top acquisitions gig without proving yourself on the AM side at some point?

I am fresh out of college(graduated in May 2012), and work in investment sales in California. I found a passion for real estate early during college, got my sales license and took Graduate level urban planning courses during Undergrad since they were the only ones involving real estate. Coming from a large state school in the Southwest, I didn't have the opportunity to interview with any investment banks or Real Estate Acquisitions firms, since they mostly only recruited through Ivy league B-Schools. I completed 2 internships with commercial brokerages and now work in investment sales in California. While I enjoy sales(and I do pretty nicely for being 23y.o), I know that I only want to be a broker for 5-10 years, if that.

Should assume future acquisitions in a model I’m showing to ER and IB professionals who request a work sample? Or leave them out since in theory they only add value if there are synergies, which I'm guessing would be a bitch to model…

Hey guys,

1. I'm looking for a FT position in a variety of fields, but specifically acquisitions & asset management. I'm casting a wide net, however, and am including development, special servicing, mezz lending shops, MM REIB

2. I love garamond but i'm not crazy about the italics so let me know if they suck so bad I should change it

3. a lot of my earlier positions I am holding longer than my more recent ones (campus job continues through senior year, while recent internship stopped in august) so i have some issues with present / past tense since i still do some of this stuff.

tear this shit up, and thank you in advance

http://www.razume.com/documents/26789

1. I'm looking for a FT position in a variety of fields, but specifically acquisitions & asset management. I'm casting a wide net, however, and am including development, special servicing, mezz lending shops, MM REIB

2. I love garamond but i'm not crazy about the italics so let me know if they suck so bad I should change it

3. a lot of my earlier positions I am holding longer than my more recent ones (campus job continues through senior year, while recent internship stopped in august) so i have some issues with present / past tense since i still do some of this stuff.

tear this shit up, and thank you in advance

http://www.razume.com/documents/26789

What’s interesting about Apple is that its known for its innovative nature, yet this has been a result of several acquisitions e.g. the touch-sensitive gesture technology that made the iPhone and iPad possible was invented and patented by FingerWorks, which Apple acquired in 2005.

If you were Tim Cook, chief of Apple, and had $1 billion in cash to spend on Apple, what would you do? Hold the money, or spend the money?

Some acquisition options are:

[quote]
1. Nuance: provides much of the speech recognition technology behind Apple’s Siri and dictation functions.

I have a career dilemma.

I have been offered a full-time position in multi-family acquisition. I am wondering if this kind of experience is complex enough to land a job in real estate private equity several years down the road?

I am currently finishing my second year at a fund of hedge funds (that do not invest in RE assets). This was my first job out of undergrad. During undergrad my only RE experience is a 6 month part-time internship at a multi-family acquisition firm doing some basic components of underwriting.

Am I mistaken leaving a fund of hedge funds/ giving up more capital markets experience or should I dive right into the brick-and-mortar acquisitions job now?

I'm thinking about taking the plunge into graduate school in econ, although in the long-run I'd like to work with real estate investors and developers. I'm not exactly sure what exact job title I want in the medium- to long-run (I don't know how anyone does), but I know that I'm interested in basically these things:

1. real estate markets
2. economics
3. asset management & investing
4. computing
5. statistics/data analytics

Generally the acquisitions side has slightly better pay. I am not complaining, given that I am on that side, but why more than asset management? Investment resolution is key and I would think that AM would get more for controlling it.

Thoughts?

Can someone explain the difference, as in (from Dealbook today):
" GlobeOp’s independent directors are being advised by Evercore Partners, while the company’s corporate brokers are Bank of America Merrill Lynch and Espirito Santo."

What is the difference here between Evercore and BAML? It reads like BAML shops the company around and Evercore independantly tells the director whether the offers BAML receives are up to snuff. Is this right? Is it common to have two different firms serve the two roles and if so why?

How do you go about quantifying the synergies gained through strategic alliances and acquisitions? Any help would be appreciated. Thank you.

Hey Guys,

I was just wondering if you could help me with something.

A company recently acquired another company for 50 million and is expected to generate 85million in sales per year with a profit of 7 (before interest)

I was wondering if you could give me advice on what I should be looking at to determine if this is a good acquisition or not

Thanks

Curious what you guys would do.

I have potentially two options - one would be a acquisition analyst for a new firm, just the two partners, who are in the process of raising capital. They have enough money between themselves to fund about 5 properties, but will need capital after that. They are investing in distressed properties in the $10-$50MM range in the south. The partners have very solid backgrounds.

I would be the sole analyst. I expect this position to offer a ton of learning, traveling and hands on experience that I would never get at a large firm. Potential for a fun ride if this fund is able to make some good investments and grow.