Wanting to get a feel from the community here. I have just been offered a position at a newish multi-acquisitions shop that has a strong founding partner with an institutional background. They already have one portfolio transaction under their belt and appear to have the capital relationship to execute on 3-4 a year. The position would be their first hire and would be cradle-to-grave with an opportunity to start from the ground floor.
I have been in my current role with a regional developer for almost six years. I have grown with them from 5 guys to twenty and was one of the first hires outside of the partners. They pay me a strong and probably above-market salary, but the realistic path towards being a partner or getting carry is pretty cloudy with the current multi-development market and the status of our current projects/pipeline.
The new opportunity is a large cut in base, but has a strong fee/promote upside. In addition, I feel that it would be a switch to a much more active and opportunity-ripe side of real estate in today's market. Any thoughts/comments from the community would be great.
Long term, do you want to be a developer or do you want to acquire properties?
Porque no los dos?
Most people aren’t. Doesn’t mean you can’t be, but they are different paths and different skill sets.
I am more finance-driven and enjoy fast-paced deal flow so I think long term I lean toward acquisitions.
Curious what you decide, seems high risk high reward so maybe just a very personal decision
Ended up going with the acquisitions role. A lot of it has to do with personally where I am at age wise and current market dynamics. Seems like the right time to make a jump.
Congrats, you said relatively low base, what's the total comp/carry structure for this type of role?
Modi corrupti atque ut odio earum dolor ad alias. Sit laboriosam consequatur corporis ipsum soluta. Cumque velit reiciendis sint inventore corporis praesentium.
Earum sunt doloremque iure. Ut suscipit est sunt iste nam dolorum non.
Praesentium fugiat nulla incidunt qui. Voluptates totam at ipsum ut. Placeat et laborum voluptas est ex.
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...