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MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards?
First time poster.. and I think I’m a rather peculiar case. I graduated from a solid NY private university with a 3.7 in finance. Had a full-tuition scholarship, so I didn’t take out much in student loans at the time. I got a job in Project Finance after graduation, but didn’t last very long (
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,...
How feasible is it to move from infrastructure project development to real estate development?
If you're working in energy project development, how can you switch to real estate development? Has anybody here made such a move? I'd rather skip doing a graduate degree.
Development vs brokerage (tailored)
I have experience in the public assembly venue space, mostly including predevelopment work for public/private concepts like stadiums, arenas, convention centers and private hospitality concepts. We got a ton of exposure to ideas. E-sports stadiums, horse tracks and bar concepts being some of the...
Self Storage Financial Model Help
Hi All, I am looking to develop a self storage model, and could use some help. Scenario: Company A (Developer) is going to building a plaza where half the rentable square footage is going to be allocated to Self Storage. Company B (Operating Company) will be formed as a brand new entity who will...
AI Modeling in Commercial Real Estate
Has anyone found any AI tools that have helped them build out CRE Excel spreadsheets faster, easier, and more accurately? I've played around with a few add-ins but they're pretty cumbersome and take about the same time to develop a formula as just inputting it yourself. I am happy to dig into any...
Looking for Senior Loan Lenders (Banks, Funds, Financial Institutions) For Residental Developments in Orlando, Florida.
My partners and I have just started a Real Estate Development company in Orlando, Florida. We all have developed before. My partners have developed and built both retail centers which they own and operate and housing in Orlando. I have a Development company in Mexico City and am well connected with...
HOW TO MODEL LAND VALUE VS COST IN A RE PRO FORMA
Can someone help me understand the following: Lets say I buy a piece of property for $2.5mm and after the entitlement process, its value increases to $5mm. Now I want to raise debt and LP equity and I will be contributing the land valued at $5mm as GP equity. How do I model this on a project level...
Math major considering RE Development Career - Need advice
What initially made me consider RE development is how it is an interesting, entrepreneurial space, and it combines my likes of design, engineering (I have experience with MechE), and problem solving. I've done a few of my own "small business" things quite successfully the past years. I'm thinking of...
Analyst Looking to Learn More About Development
After 8+ years in banking, I took a lower role as an underwriting analyst for a big developer because I was interested in development. I enjoy my job, but I eventually want to branch out on my own. I feel like I am not learning enough. I approached my boss, but he wants me to focus on finance. Are...
Architect/Contractor/Developer - First MF 4Plex
Hey guys I am taking the leap and doing my first multifamily project. Just a little background I started my firm to raise capital and to learn about the intricate parts of design and building construction. I am a licensed Hey guys, I am excited to share that I am taking the leap and doing my first...
Real Estate Development Analyst Salary
I work in Phoenix, starting to become a relatively HCOL of City. I am trying to gauge what is typical for a development analyst to make. I feel like I've seen some opportunities that are significantly higher ($90K+) than I saw a year ago. Curious to see what is a Fair Base + Bonus Also curious to...
Advice for Year 1 Review - Development
I started my career at a large brokerage shop doing debt and equity placement (large volume team, 85+ transactions per year, $2bn+ originations per year). I made the switch 1 year ago to a small developer group and am scheduled for my year 1 review next week. I've really enjoyed development and love...
Institutional Dev to Local Player
So here's my situation - I've been a developer at one of the top institutional developers now for ~4 years. Started as an analyst (out of UG), now an associate and probably a VP in another year or so. I've done really well, I'm working on some pretty unique deals and I've made a ton of great...
Early Real Estate Development Career Advice
Any advice for anyone starting a career in Real Estate Development? Only experience in real estate is from a few months working for a REPE firm as an analyst. I recently started a job with an entrepreneurial developer and I think there's a lot I could be doing to become more acquainted with the...
Moving from Construction to Development
Currently I am working in construction management in a west coast city for a very large multi-national GC. I have just over 2 years of experience and a degree in civil engineering, however I really want to break into development. Over the last year I have applied to all of the open development...
EB5 Money?
Does anyone have any experience with using EB5 money for construction loans? What interest rate did you get on the debt? How did you qualify?
Draw Review Providers in Miami and NYC?
My firm is looking for a new construction consultant to facilitate draw reviews for our developments in NYC and Miami because our current provider has been pretty bad, with very long turn around times that is starting to affect the funding timeline from our LOC provider. Does anyone have a firm(s)...
Dual threat (Low GPA, no internship experience) Dec ‘22 grad looking for advice to avoid working for Northwestern Mutual or Vector Marketing
Hello bored analysts! So as the title says im graduating in a couple of months with no relevant experience and a low GPA. I do, however, have a rough long term plan. The Plan: Get some decent paying finance job for several years in order to save up for a quality MSF. Hopefully then get a role in the...
College/University RE Department???
I currently go to a top university in Canada (McGill/UofT/UBC), our school's RE department has internship opportunities. Focus is on leasing and the development of residence, innovation space, and retail. Team is extremely lean, less than 15 folks. Im also guessing comp will be below market due to...
Real Estate Developers in Charlotte
I'm looking to move to Charlotte and work with a local developer. I saw that Grubb, Hines, Crescent are located in Charlotte. Side note, I heard Grubb's office culture was dull. Any truth to that? Bonus points if you know they are hiring. Thanks in advance,
Office Environment in Real Estate Dev Shop
Hey all, I work in a real estate development shop in the Carolina’s. We have a strong track record, and I’m on some big multi family mixed use projects… but the office environment is extremely dull. Granted there’s only 15 people in the office and 50-60 people across offices. There is Little...
Gotham Organization
Has anybody heard of Gotham Organization and its development team? There does not seem to be much info about them online. What is their reputation? Compensation? Work culture?
Advice for Becoming a Luxe Real Estate Analyst as Philosophy Major Top 3 Public School
Hello, I'm a rising senior at a Top 3 public university majoring in philosophy with, effectively, a minor in econ (3.7 GPA). I've always been interested in luxury real estate/architecture/the idea of making money by building aesthetically beautiful things. I originally planned to go into the luxury...
List of Good REPEs/Operators/Developers - Starting This For The Community
This is what I have for now, please feel free to add more as I don't think we cover enough info in RE comparing to other industries. I'm filtering out firms that pay >= 90k all in 1st year (in no particular order) and have had a good reputation for learning experience in the industry. Blackstone...
Do YOU know any additional environmental incentive programs other than solar?
I personally don't believe that the LEEDS certification has any value at all. It seems that the standards are not in line with the possibilities with newer tech in the space and don’t really incentivize developers to go beyond the flex / greenwashing. As such I’ve been looking to find...
Cost of Land per Buildable Unit or Total Gross Sales - Condo Development
We are looking at an off-market waterfront condominium development site in Florida to de developed into multiple condo buildings. Here are some of the specs: Fully entitled project - 5 residential pads which can build up to 275 units across multiple buildings ranging from 6-12 stories. Pads have...
Euro PE Assoc to NYC RE Development: MSRED vs. MBA vs. Euro development
RE Monkeys, Am currently at a fork in the road in my career and would like to get some US views on getting into (NYC) RE/hospitality development in the next few years. Background: 1) UG at Oxbridge/LSE (3.5 GPA), MSc at continental European university that places into London IB/PE (3.8 GPA) 2)...
Multi-Fam - Creative Deal Structure with no Equity
Looking for some creative deal structures / ideas around this: My partner and I have a line on a well-located piece of land prime for multi-res development. The land was acquired by its current owner 5-6 years ago with the intention of developing office space. City council turned down his project...
Comp for Director of Development as a regional point person
Went through a few threads but nothing concrete. If you were a regional representative for a national developer helping with execution and new deal development in the SE, what is market compensation going into 2022? Obviously multi-tiered: -Salary -Bonus -Promote What would those be for a director/...
Help Wanted - LA Multifamily Development Proforma/Modeling
Hi all, Was hoping to find some Los Angeles-based RE professionals with experience in financial modeling/proformas for some additional help on a multifamily development for a local developer. Willing to pay for detailed models and can provide the assumptions/inputs. If interested feel free to DM me...
Fresh out of uni; starting hotel development? vs getting a job in REPE/ RE debt?
Hi, I just finished uni a couple of months ago and had some offers from REPE funds in the UK. I realised the pay was too low for an analyst role ($40k ish) compared to the US. So, I just started working by myself - ended up buying a piece of land with two other GPs and started a hotel development of...
Mixed-Use Development vs. Retail...wrong move?
Got a new position with a Retail Developer after about 4 years at a small shop doing Mixed-Use, Historic Rehabs, and small Multi-Family infills. I figured after doing MU/MF, they all become similar from a bullet-point view. But retail tenants would have different wants/needs, so I thought it'd be...
Expense Assumptions for Ground Up Multi in NYC
Hey Guys, Looking to see if anyone has some rough expense estimates for a multi development in NYC. For example, in Los Angeles were looking at: Insurance - $750/Unit Utilities - $2,000/Unit R&M - $1,000/Unit ...etc I know its a long shot, but wanted to see.
First Developer Job Offer - Salary?
Hey guys, been working my ass off the past few years getting a MSRE + working full time as an architect in South Florida in hopes of landing a developer position. All my hard work and tuition money seemed to have paid off when I got my first RE Development Associate job offer at a small family...
First Development Job Offer - Help?
Hi guys, After working in architecture 5-6 yrs, putting together construction sets and zoning submittals, doing RFIs and construction admin, and studying a masters of real estate development part-time for 2 of those years, I finally pulled my first job offer in South Florida. It's for a small firm...
First Developer Job Offer - Salary?
Hey guys, been working my ass off the past few years getting a MSRE + working full time as an architect in South Florida in hopes of landing a developer position. All my hard work and tuition money seemed to have paid off when I got my first RE Development Associate job offer at a small family...
First Developer Job Offer - Salary?
Hey guys, been working my ass off the past few years getting a MSRE + working full time as an architect in South Florida in hopes of landing a developer position. All my hard work and tuition money seemed to have paid off when I got my first RE Development job offer at a small family office to...
MF Development Modeling
Hello, Currently a junior and going to work for a developer over the summer (may continue through the year if courseload permits) and was just wondering if there is anything to prepare for in terms of modeling to be at least somewhat ready to go from day 1. I understand general multifamily models...
Decision: Entry-level development role or Investment Sales at Eastdil
Hi everyone, This is my first post, but I am a longtime lurker. I will be graduating from a target school this semester and need help deciding between two entry-level offers: 1. Junior role with a Midsized Developer in a major metro (NYC/Los Angeles/London) It's not Hines or Related, but I'd be...
Trammell Crow Company (TCC) vs. Trammell Crow Residential (TCR)
Was hoping someone might have insight on the differences between Trammell Crow Company (TCC) and Trammell Crow Residential (TCR). I know TCC was bought by CBRE while TCR (and Crow Holdings) is still owned/managed by the Crow family - but beyond that what does reputation and exit opps. look like at...
Real Estate Development - early foundations suggestions?
I am almost 1 year out of college and work full time at a smaller real estate development company that develops luxury apartments (mixed use) in the greater NY area. I've been working here for ~9 months now, and have been tasked in all kinds of areas of development - diligence, financial/pro forma...
Working in Development Management
Does anyone on the forum do development management? Would love to hear more about your day - I know this is pretty broad - I am looking at a job that is going to include Development Management as a large part of the day. So I am curious as to what you do most of the day, what your career growth may...
Investment Case Study
I have a case study for an interview and have been given the following information GDV of project - XX land value/acquisition - XX Build Costs - XX Others costs - XX total profit - XX One of the questions is to estimate the GDV of the scheme.. is this GDV different from the GDV of the project...
Real Estate Development Career Advice - Acquisition or Asset Management?
Hi all - my long term goal is to work in commercial development (ideally adaptive re-use or sustainable). I’ve worked in underwriting for a GSE lender for the past 4+ years and at this point and getting worried about being siloed into a debt role in the future (have interviewed with a handful of...
South Florida - Career Switch?
Hey guys, I am like a year away from finishing my MRED degree part-time in South Florida, been studying for 2 years. The whole time I have been networking and talking to industry leaders about whether moving from architecture to development is a solid plan and how to do it, and I get great feedback...
Twining Properties
Regional real estate developer and investor, based in New York City. Founded in 2003, the firm focuses on large-scale mixed-use urban developments. Covers the area from Washington DC through New England in its focus.
Lumber Price Escalation & Potential Hedges
Long time listener, first time caller... With the recent, rapid increase in lumber pricing, I was wondering if anyone had any thoughts on some sort of "hedge" against future price escalation. For background, I work for a southeast focused multifamily developer. Like many of you here, we're seeing a...
Continue pushing for development jobs or go out on my own?
Hi All, I started off my career working in community/economic development and saw that the developers had the most impact, so I went back to school at a top 20 MBA program and did a concentration in real estate. During my MBA program I could not find a development internship (my school is in a city...
How would you prepare for a small townhouse development?
I want to do a 5 unit townhouse development. My life goal was to get into real estate, but unfortunately I was pushed into Pharma PE. I have two years of real estate experience in undergrad as an acquisition analyst for a hospitality PE firm. But since graduation I've worked in Healthcare PE. I now...
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