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What does REPE actually do?
Hi all, just to caveat before my post, I don't/have never worked in a pure REPE function. I work mostly in portfolio companies doing M&A/corporate development and the REPE is normally our GP. Now onto my question, what do REPE firms do to earn the promote? From the outside it honestly looks like...
I think my firm is taking advantage of me. What should I do?
Ok.. so to provide some background. I've been in the CRE industry for 4+ years. I started off my career in investment sales very briefly right before the pandemic hit, lateraled over to capital markets at a very large shop in a very large city (think CBRE, JLL, CW in NYC, Seattle, LA, Chicago,...
Large fund Associate Market Comp opinions
Hey guys, trying to get a sense of where people think market is for real estate acquisitions associates, 3-5 years of experience. My view is ~$375-400k all-in cash comp in NYC /LA/SF. Would appreciate any thoughts or recent headhunter conversations.
Min/Max exit prices to satisfy each return hurdle
Hi Everyone, relatively new buy-side analyst here with a question re waterfalls and would be grateful for any help in this regard: Is there a set method or formula to calculate the minimum/maximum required exit price to satisfy each waterfall hurdle? Just for context: the project assumes a developer...
Prop Management to REPE
Hey, my first discussion so let's see how this goes :) Basics: I'm a property manager for a commercial/mixed-use portfolio at a small london firm of property consultants/managers. completed a BA and a PG diploma in unrelated topics. looking to set myself up for a move into REPE, e.g. with overseas...
REIT vs. REPE
What is it like to work at a REIT as opposed to working at a REPE company or some other real estate role in terms of exit opps, compensation, deal work, etc?
Tishman Speyer Interview Process
I have an upcoming interview with a Senior Director from the DC office after the initial HR call last week, what questions can I expect for this round? Will it be more about my experience or do you guys think there will be technical questions as well? The modeling test will be sent to me after this...
Is Nitya Capital on the brink?
Heard the situation is pretty bad there. Apparently they're never lost money on a single deal and they're 73-0 with a decent IRR. But now they have a bunch of apartments below a DSCR of 1.00 because they bought so many apartments in 2021 with floating rate debt. They're pumping money into the...
LMM IB or RE PE
Hi I recently started a job in LMM IB been working here for 3months. Shop has under 5 people working full time. I have an opportunity to potentially go work for a real estate private equity firm 2.5 hours from where im currently situated. Not sure what the pay would be at RE PE but the LMM is paying...
RE Interview Question
How would you answer the following question for a REPE role: If you have $100M of capital in a 5 year fund, what deals would you invest in to earn your investors a 15% unlevered IRR over the hold period? (It can be multiple assets, product types, geographies, etc.) I've been asked this question, or...
Where do I begin with researching potential Real Estate Private Equity firms in South Fl (Tampa, Miami, Etc.)?
College student here (FSU Real Estate '24). Looking for advice on how to go about researching potential Real Estate Private Equity firms for an internship or position post graduation. Ideally would look to be in South Fl (Tampa, Miami, etc.).
How to break into Real Estate Private Equity (w/ 0 RE Knowledge)
In the lines below, I share with you what I did, the things I studied, and how I went from zero knowledge in RE to more than 25 interviews in firms like Blackstone, Carlyle and EQT (+ analyst offers from Mega Funds). This way you don’t have to waste the time I already did trying to find all these...
Undergrad → RE Banking → REPE?
Hi everybody! I'm currently a junior studying at a semi-target school. My long term career goal is to end up in acquisitions for an REPE shop. Would it be better for me to accept an offer for a junior year summer internship with a real estate banking group in a BB/IBAB (e.g., WF, JPM, BofA) and then...
Whitman Peterson
Does anyone have any info on this firm? Was approached by them for a FT role and wanted to see if anyone had any insight on them. The few people I have met with seem to be great people. Would love and appreciate any insight you guys have.
Pensive new grad (Finding the right company?)
I'm a recent graduate of a well-respected Masters in Real Estate Finance & Investment program here in New York City and am currently out networking/job hunting. I'm focused on Acquisitions roles but have found myself wondering, what are the best real estate private equity funds to work for? I'll...
comp survey?
Did anyone else get this survey/do it? I heard they're publishing it, might be interesting to the what's good in the market. https://forms.gle/fBXzQB8GHFLNmW297
Q&A - Senior Associate Ex-Megafund (REPE)
Hello monkeys— Thought I might give back to the community that’s helped me get to where I am and taught me about the world of finance. Here’s a little about me: Educational Background: T-5 Magnet Public STEM High School (feeder into Ivy; 50% of graduating class of 69 went to an Ivy or...
REPE - How to stand out
How does someone starting as an analyst at an REPE fund stand out? Looking for answers other than the normal effort, attitude, attention to detail, etc etc
Acquisitions Role at Small REPE Shop - Junior Internship
Hi, I recently received an offer for a internship from a small value-add REPE shop based in the Washington DC area. I am a current junior, so there is a big chance I go back full time if they offer me a return letter. This sounds like a perfect role in everyway, but my only concern is that since...
Small to Medium Size Developers in LA?
I am looking to make a move to the West Coast specifically LA and wanted to see if you guys know of any small or niche development firms. I have 1 year of development and acquisitions analyst experience at a small shop where I am the only analyst. I also have 1 year of investment sales experience at...
Real Estate Private Equity recruiting
With general PE recruiting under way, I am wondering how the REPE recruiting process played out this cycle for analysts in REIB. Is it operating under similar time frame? Are HH reaching out to candidates? Are coffee chats/networking events similar? How about modeling tests?
Related Fund Management
If anyone has any info on Related's REPE arm, would love to know about its culture, reputation and other details.
Rialto Capital Miami Last Minute 2022 Interview Help
I talked to a senior employee at Rialto Capital and explained to him I am still looking for a summer 2022 internship. He forwarded my resume to someone and now I have a Zoom call interview next week. I am a junior and summer is approaching fast. Any advice on the interview or roles would be greatly...
How to break into commercial real estate without the fluff
Breaking into a top brokerage as an investment sales analyst in NYC (think CBRE, JLL, Cushman, ES) was one of the hardest things I've ever done. I went to a non-target, didn't study finance or real estate, had no previous experience, was a career switcher and several years out of school, and lived...
Private Equity out of uni. How?
Trying to get into Real Estate Private Equity straight out of university. I'm a first-year from Cass Business School (pretty well-known with REITs and REIMs). I have a Spring Week with SIG (Susquehanna investment group) who are primarily quant trading but also do PE/VC.What else do I need to do, and...
Summer Analyst - Pimco Alt Credit vs BAML IB vs Lazard M&A
Dear all, I'll be so much appreciated if I could have your valuable thoughts on which summer analyst role to choose among the following 3, in terms of learning curves, career trajectories, full-time return rates, compensations ... and all other aspects . I haven't decided which route I want to take...
PE v. REPE Comp
I'm an undergrad finance and real estate major looking at opportunities for the next coming summer and the two paths I'm looking at is IB to PE or straight to REPE. I haven't been able to find anything comparing the comp between traditional PE and REPE. I know REPE is typically less hours, but how...
Small REPE Shop Salary Discussion
Hi All, Here is some background on my situation. I spent 3 years as an analyst then eventually an associate at a reputable CRE capital markets brokerage shop that did over $4 billion in transactions a year. I took a job at as a senior analyst that reports directly to the chief investment officer at...
REPE Summer Analyst 2022 Interview Help
I have a REPE first-round interview for a summer analyst program in a top 10 REPE group. I am an undergraduate junior where I currently have a concentration in Finance (taken 1 general finance class) and a previous minor in Real Estate from my prior institution before I transferred. I have no work...
Book recommendation for recent REPE analyst
Hi all, I recently started a new job as a REPE analyst. I have some fundamental understanding of real estate investment but is lacking in specific knowledge regarding the private equity structure, for example, the tax and investment structure, modelling and such. Wondering if there is a good...
REIB After IS if goal is to have own REPE firm in 8-12 years?
I’m currently working in IS at a top 3 brokerage (think CBRE, JLL, Eastdil) and am thinking about my future after doing my analyst years. My long-term vision is to have my own real estate firm (think 8-12 years from now). I’m not sure if that will be a development or private equity firm. I...
REPE: Acquisitions and Development Associate
I have a call scheduled with the founder of a REPE firm for next week for a Acquisitions & Dev Assoc. position and was hoping to source some "must know" or "must ask" items. The role: - help source and underwrite potential investment and development opportunities ($2-20mm) across various asset...
What does WLB look like for Principals at MF REPE firms?
Hi all, Wondered if anyone could shed some light on what WLB look like for principals & MDs at the likes of Carlyle/KKR/Blackstone in their REPE teams? Specifically, is there flexibility when one has young children, meaning can you go home to the wife and kids at 6/7 and log back in after they have...
REPE Interview Question: Evaluating whether to carry out CapEx?
So in an interview I was asked whether or not I should carry out the capital expenditure for this hypothetical scenario: Property purchase price : £5B Yearly Rental Income £200m Analyst said we had a 'cap rate' of 4% (which by defintion isn't strictly true but I got his drift) He then asked if the...
Affordable/Workforce Housing REPE Firms?
Happy Saturday all, Does anyone have a list of affordable and/or workforce housing focused REPE firms (Red Stone, Bridge, etc.)? Trying to source a few for recruiting purposes. Thanks!
Abingdon Square Partners
Abingdon Square Partners LLC is a real estate investment and development company with an established record of identifying and investing in dynamic growth markets. We enhance and add value to the neighborhoods we invest in through the pairing of creative approaches to acquisitions and development...
Is Low tier BB IBD > Top tier REPE > Corporate PE possible?
I am an IBD associate at a low-tier BB. While I failed to land an offer of corporate PE, I may have an opportunity to join a REPE with a good brand name and solid deal flows. This REPE not only does asset-level investments but also is very proactive in corporate-level deals. These deals, though...
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Going Back to School... Is it Worth it?
Hey there WSO community, Currently 3 years out of school. Can best be described as a "senior analyst" with a large CRE private equity shop in an asset management (with some underwriting/acquisition work) role. However, I'm looking to move into more of a development or acquisitions role, either with...
Capital One Business Analyst vs. REPE
Hi all. I have just received an offer to join Capital One as a Business Analyst intern and also have an offer as an Intern at a great REPE firm. I'm not sure what I want to work in long term, but I like real estate but also could see myself enjoying consulting. I'm figuring capital one would be more...
Rockpoint Group?
Does anyone have any recent information on Rockpoint Group? The forum doesn't have much mention of the firm. They recently raised their sixth fund at $5.8B, and they seem to be fairly diversified across a few different property types. Looking for any information whatsoever on culture, how it's...
Chances at analyst/associate PERE position (top 50-75) ? / Next Steps?
Hi Everyone - First off, happy New Year! I'd like to get your advice on how I should best position myself to land a role as a PERE associate/analyst (top 50). I've had the opportunity to read other threads related to the topic and was impressed by the quality of advice given by the community here....
Investment Banking to Real Estate Private Equity?
I have lately mulled over the prospect of working in real estate private equity, and wanted to seek out some advice. What is the work life balance and comp like relative to traditional PE? I've heard off-hand that REPE associates work give-or-take 20 hrs less a week than traditional PE associates...
Private Equity Technical Emphasis
I've progressed through a few rounds of a top 40 REPE firm. I recently got an email to take an excel test and set up an interview with a few people who I would be working closely with in the role. I did not do well with the excel test, which covered basic financial modeling. I was under the...
Real Estate Private Equity Final Round
Can anyone give details on what there final round interviews were like for REPE? What type of technical questions were asked. It is mostly meeting with all senior people (some investment some data people) so would love to get peoples thoughts on what they've experienced? Specifically if they were...
Interim Promote/Waterfall Model
Has anyone heard of an interim promote or waterfall. The way its been described to me is assume we buy a property with a floating rate loan for 3 years and then refinance into fixed rate debt. At the capital event, the refinance, is when we get an interim promote. I am trying to think through how to...
What's in a REPE financial modelling test of ONE hour?
Hi everyone, Next week I will have to make a financial modelling test for an analyst role at a REPE boutique, though the confirmation email says that the test will take 1 hour. It does not specify what the test will comprise off, I have not made one before (I am nervous) and apart from some...
Is CRE Debt Experience Pretty Enough for PE?
To those senior chimps and chimpettes in RE PE , or anyone with any insight at all... hopefully any responses to this would be helpful for others looking to exit out of CRE debt. I just passed 1.5 years at a boutique (45 empls, ~$7.5BB balance sheet) debt shop and thinking of exiting to PE . I think...
From Real estate private equity to generalist private equity
Hi all, I just got an offer from a real estate private equity but my ultimate goal is to switch to a tech private equity. I would like to know is it a good idea to accept the offer or I should switch to something else? Best regards, Miu
How would you value an office building? Or retail center, or hotel, or apartment complex?
How would you value an office building? Or retail center, or hotel, or apartment complex? got this is an a re pe interview
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