Is it crazy to pitch an REIT in an ER Associate interview?

Based on the most helpful WSO content, pitching an REIT in an ER Associate interview could actually be a smart move, especially given your REPE background. It demonstrates your ability to leverage your expertise in real estate while transitioning to public markets. However, there are a few things to keep in mind:

1. Know the REIT Inside Out: Be prepared to discuss the REIT's portfolio, management team, financials, and market positioning. Highlight why it's a compelling investment opportunity and how it aligns with current market trends.

2. Bridge the Gap: Use your REPE experience to provide unique insights into the REIT's underlying assets or strategy. This can set you apart from candidates with purely public markets experience.

3. Diversify Your Pitch: While pitching an REIT is a great idea, consider having a secondary pitch in a different sector. This shows versatility and a broader understanding of public markets.

4. Anticipate Follow-Up Questions: Be ready to defend your pitch with data and address potential risks or weaknesses in the REIT. This will demonstrate your analytical rigor and ability to think critically.

5. Avoid Overused Ideas: If you're pitching industrial REITs, for example, make sure your angle is unique, as industrial is a common choice. Focus on a specific REIT or property that stands out.

In summary, pitching an REIT can be a strong strategy, but execution is key. Tailor your pitch to showcase your real estate expertise while proving your ability to analyze and evaluate public market opportunities.

Sources: Q&A: Currently an SA at a MF (Ask me anything), Q&A - Senior Associate Ex-Megafund (REPE), REIT career path to REPE, Transitioned to a REIT, Q&A: REIT Acquisitions Associate