May Graduate seeking advice - Start as a generalist in CRE rotational program or traditional PE? - Career Advice

To all - I have lurked this site for years and have finally come to the point where I have to make a crucial decision. I am seeking advice/guidance for the veterans in the industry. Regarding background, I do not come from money and am quite frankly the opposite. I have two internship experiences - a "elite" REIB group, followed up by an acquisition's role in REPE at a smaller not as well known firm. Both in NYC, but to cut it short I am recruiting FT. There are two opportunities that I am fortunate to say. Note: only reason I mentioned certain words or phrases is because I know brand names somewhat matter when transitioning, I really do not care as most. One is a 2yr program at a well reputable (according to research) CRE rotational firm (think REPE, Debt, REITS). The other is a LMM generalist PE firm that is not RE related but does do some VC investments as well. Mostly minority investments, some control, and some debt deals.

Regarding this post, all of my professional experience as an undergraduate student has been in RE, not out of my decision, but more so it kind of just played out that way. I am not sure if the conviction is there to continuing layering my experience into RE. I am worried if I take one over the other, I may end up closing numerous doors. I have had interest for quite some time to do a more generalist role with non-real assets. In this environment, this could be a crucial decision between which one I take. that will most certainty impact my career trajectory. On one end the CRE is well established, and with a monstrous AUM, but it will certainly make it difficult if I ever decide to leave RE. The opposite is also applicable, if I end up staying in RE this generalist experience is most definitely the best decision. On the other end going with a smaller more traditional PE I am exposed to a variety of industries, but the firm has smaller check sizes, and is not well known. However, if I decide to transition in my junior years to IB or another PE I think I have the background to do so. Of course, macro trends is making this even more difficult. I have firsthand seen what the end of this cycle is doing to the RE market more so than other industries. 

I am a critical time in my life and am really seeking advice. I go to a semi-target, have a >3.5 GPA, and have great interpersonal skills. I don't normally post on this forum, but this is a very unique situation and if there are any veterans in RE, PE, or IB out there who have any viewpoints I would love to hear them. Anyone who has transitioned between careers can also chime in. Honestly, anyone. Both locations are not metropolitan areas (Midwest).

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