Seeking Info on Real Estate IB - Exits, Best Groups, Skills, etc.
Hello, could someone provide me with some colour on a couple of real estate ib related questions:
What are the best real estate investment banking groups? Definitely going to be more balance sheet oriented banks, but I understand some boutiques have good practices too. How good is JPM, GS, MS BAML, WF, Barclays, etc.? I know GS is usually very strong along with BAML, but it seems that WF is picking up steam with Eastdil.
What are the primary exit opportunities? My understanding is most likely real estate PE, but does real estate ib provide you with the flexibility to lateral to another product or coverage group? Would being in a top real estate IB group provide a lot of exit ops?
What are some of the advantages of real estate investment banking that some other groups might not have? Better technical background, etc.?
Is real estate IB more or less protected against unfavourable macroeconomic changes?
Thanks in advance.
1) BAML, JPM, MS are the best. But you will see good exit opps from Citi, Goldman, Barclays, RBC, Jeffries even. PJT is very good in the space
2) Working in REPE or For a REIT. Maybe infrastructure if you’re into that but I doubt it
3) No Advantages. Go into REIB because you like RE. There’s no other reason to do it
4) real estate is HIGHLY cyclical. Huge ups and downs. Go to healthcare if you want more protection from those swings
How good is Wells Fargo? They just owned Eastdil until a management buyout, but they kept their public markets investment bankers.
Ipsum repudiandae similique eaque consectetur rerum omnis maiores. Nemo quod et accusantium sed et molestiae. Expedita ea ut perspiciatis dignissimos accusantium. Et omnis aut sapiente aperiam non qui. Beatae ex nulla voluptatem aut nostrum est impedit sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...