Top Real Estate IB groups

Question

(Edit: By "top" I mean Exits and Dealflow primarily). I'm in interested in the RE IB space and which banks are the best for this vertical. I know DB, MS and BAML seem to have the strongest groups but how are the other BBs JPM/Citi/Barc/CS?

There are some dated threads on this so I was hoping for new information.

Would appreciate your input. Thanks

There are some dated threads on this so I was hoping for new information.

Would appreciate your input. Thanks

RE Bootcamp · Accepted Answer

BAML and JPM have the strongest groups and have been the leaders over the past 5 years or so. As noted above, Eastdil (which is owned by Wells Fargo and is WF's REIB group) is an exceptional firm as well. But really, you cannot go wrong with DB, GS, MS, or Citi.

Yakehito · Answer

It depends on what type of exit op you're looking for.  Specifically what type of role you're looking for within, say, PE.

The BB's listed above do capital markets related advisory work but don't really dive in deep on the asset level.  Working in investment sales at Eastdil Secured, on the other hand, would provide you a great experience valuing properties at the asset-level but leave you with a poorer understanding of public markets and working knowledge of mergers / acquisitions.

I work at a multi-billion AUM REPE shop and I work alongside people with both backgrounds.

fk · Answer

Real estate IB groups basically have all the same functions as other IB groups except they work for real estate clients, usually REITS but not always (public real estate holding companies, Equity Office Partners was a REIT). Real estate IB groups execute IPOs for REITS, advise on m&a, and provide financing. In terms of advice you provide valuations on properties, development projects and entire real estate portfolios (EOP), as well as provide any of the advice needed in a large take-private (proxy battles for example).

Kazimierz · Answer

From an exits perspective you sometimes have to be careful with larger bank's RE groups, since there is a considerable amount of financing work involved. Depending on what deals you're staffed on/what MDs like you, you may not end up doing a lot of pure advisory at larger places with big sheets.

I can't speak to specific exits from the BBs but Evercore and Lazard both run small but very well-placing groups.

+162	Americas M&A League Table Q2 Updated	70	1h
+132	New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed	25	1d
+72	Restructuring: Anti-climactic Experience	15	5h
+68	A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING	12	15h
+53	IB Net Worth / Savings Check	20	12h
+51	Boutique firm wants access to my LinkedIn?	40	15h
+36	Investment Banking is Hard	14	19h
+33	Investment Banking in Mexico	9	2d
+25	PWP vs BofA	21	9h
+21	Excel macros for QOL formatting	0	5d

1	redever	99.2
2	Secyh62	99.0
3	BankonBanking	99.0
4	kanon	99.0
5	dosk17	98.9
6	DrApeman	98.9
7	GameTheory	98.9
8	CompBanker	98.9
9	Betsy Massar	98.9
10	Linda Abraham	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Top Real Estate IB groups

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Top Real Estate IB groups

Trending Content - Investment Banking Forum