Silver BananaTrending Content (see all)Replies
+9
MD Asked to Bring Him Olive Oil during Meeting

ChinaBankingMonkey

Dear Fellow Monkeys, Just wanted advice on how to solve this issue. I've been tasked many personal/assistant matters like today, getting pulled to a meeting just to bring olive oil possibly for their lunch and I'm aware of what an analyst job might entail a lot of times. I've...

33
+8
We might be at the bottom in Multifamily (MF)

PacNumber

It was just a few months ago when treasuries were at 3.25% and it appeared that 6% interest rates were a year away...5 caps in major markets appeared to be upon us. Then it didn't happen. Since I got in the business in 1995 one thing has remained true, we never raise rates to previous...

59
+7
JLL / HFF Merger

Merchant_of_Debt

You heard that right.... thoughts? See here: https://www.prnewswire.com/news-releases/jll-to-accelerate-growth-in-capital-markets-business-through-acquisition-of-hff-300814708.html

38
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All Events
WSO Hall of Fame: Real Estate Forum

WallStreetOasis.com

The Wall Street Oasis Real Estate Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the real estate industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate here. I...

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Silver Banana
Recently Active Topics
Replies
+8
We might be at the bottom in Multifamily (MF)

PacNumber

It was just a few months ago when treasuries were at 3.25% and it appeared that 6% interest rates were a year away...5 caps in major markets appeared to be upon us. Then it didn't happen. Since I got in the business in 1995 one thing has remained true, we never raise rates to previous high's and w...

60
+2
Denver Real Estate

Windycity86

Hello, Considering migrating to Denver in the next 9 months. Curious if anyone is familiar with the market place out there and can suggest some RE firms to look into. Has anyone done business out there and can recommend some firms with solid reputations? Thanks everyone!...

9
+1
Career path to NYC Brokerage Analyst as a Canadian

lilsniffy

Hey y'all, I'm a second year University Student at a Canadian target school in Ontario - studying Econ. I'm graduating next year year, hope to move to NYC post-grad. I'd like to transition into Real Estate finance one day, with an eye on Development later on. My grades likely eliminate me from go...

3
+7
JLL / HFF Merger

Merchant_of_Debt

You heard that right.... thoughts? See here: https://www.prnewswire.com/news-releases/jll-to-accelerate-growth-in-capital-markets-business-through-acquisition-of-hff-300814708.html...

39
+76
What is your compensation in Real Estate Finance?

jjacobs06

I cant find much in the way of compensation for real estate other then the summary page from the HR consultant that is floating around here, so I thought maybe people will be willing to describe what they do, their market, and what their compensation looks like. Industry: Real Estate Development ...

429
+1
Worthe Real Estate

JewishMafia666

Hi Everybody, I have a specific firm in mind that I most definitely want to settle down at for the end of my career. The development company is called Worthe. My current career trajectory I was planning was IB -> REPE -> Worthe. Does this sound like a valid path? Also, is anyone familiar enough ...

1
+30 16
0
Portfolio Management exit opps?

VCwannabe

If one starts their career as a PM analyst at an elite REPE shop, what kind of exit opps are there? I usually hear of other roles transitioning into PM but not the other way around. Any help is appreciated, thanks!...

0
+2
Development / acquisition underwriting

Mickelsonstitties

I wanted to hear takes on the questions below. I understand some can be answered by facilitating a google search but would be helpful to hear input from guys participating on the ownership side. 1. how would you would use in determining a project’s feasibility for development? 2. if specu...

8
+2
Recruiter Phone Screen Straight to MD Meeting

Vito_Genovese

Basically the title is my question. The sequence of events went like this: applied to job, heard back from recruiter 2 months after the fact, phone screen with recruiter that same day (who didn't explain role that well), and now I am supposed to meet with the MD of the group. This is for an invest...

8
+7
Analyst won’t bring me my olive oil anymore

AnalystsBringtheOil

Hi all..I am an MD at a shop and my new Analyst is now refusing to bring me olive oil during my lunch time anymore. He use to do it no problem but is now giving me a hard time. I’ve been marking up his pitchbooks and models for shits and gigs with fake markups. At the end of the day, I just really...

15
+10
Why wouldn't a fund do a leveraged buyout of an undervalued REIT?

luv2speed

The market cap of my publicly traded REIT is trading (and has been for a while) at about $5B less than our assets are worth. What's more, we are highly UNleveraged. I'm confused why a larger fund hasn't bought us out yet... it seems like it would be so easy to lever up, sell all the assets, liquidat...

18
+1
MSRE/MSRED Programs

LeveredLlama

Hi all- Looking to enroll in an MSRE or MSRED program in the next two years. I'm applying to the following: NYU, Columbia, Georgetown, MIT, USC, and Cornell. I'm currently an Acquisitions Analyst at a privately held development & investment firm in the Philly area. Coverage has been mostly in offic...

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+6
CoStar is blowing it

PacNumber

I think CoStar offers a very unique, hands on service. This thread is more about their handling of Loopnet. CoStar is hell bent on getting rid of the #1 CRE site in the country and calling it CoStar for some reason I will not understand. Grandmas, students and all walks of life now know the name...

40
0
First job out of undergrad. How to make the ask and what should I expect?

WouldBeCRE

The situation: I am a soon to be graduate and have opportunities in investment sales and office leasing at some of the big firms (think CBRE, C&W, JLL, NKF) with top tier teams in NYC. While I have yet to receive formal offers, I have an idea of what the base compensation would look like and am we...

0
+9
MD Asked to Bring Him Olive Oil during Meeting

ChinaBankingMonkey

Dear Fellow Monkeys, Just wanted advice on how to solve this issue. I've been tasked many personal/assistant matters like today, getting pulled to a meeting just to bring olive oil possibly for their lunch and I'm aware of what an analyst job might entail a lot of times. I've been doing a lot of th...

33
+5
You have one city to invest in. Which city and why?

yayaa

More specifically if possible, which neighborhood and asset type? Value add, development or stabilized play? Wonder what everyone’s investment thesis is regarding the environment we are in today. You are the President of your own shop and get to call the shots. What city are you buying in?...

54
0
CCIM Real Estate Development Specialization

loanshark

I was looking around at the CCIM website and noticed that they recently created a "development" specialty track for designees. Anybody have any experience with this? Would it be worth pursuing in lieu of an MRED?...

0
+1
Getting back into the Real Estate Industry

Pat-Ryan

I graduated in finance from a relatively top tier public university, worked in the valuation and advisory arm of real estate for one of the big 4 for almost 2 years, but it was a really soul crushing job to say the least. So I quit, moved to Denver and started managing operations and sales for my f...

1
+3
Which asset class do you enjoy/hate most?

REguy311

Currently in multi family acquisitions and hate it. I would probably like it more if ground up dev. Looking to transition into more office. Which do you guys enjoy/hate?...

21
+1
Land Contribution Deal

Bananas1987

Need clarity on how to underwrite a land contribution deal. In the waterfall I know the current Land Owner contributes their land, but here are a few points I am tripped up on 1. Is the land they contribute counted as part of the budget I( know we can get loan proceeds on it, but I mean the actual d...

1
+6
Calling All Idealists in CRE

Mandelbaum_Mandelbaum

Not to get too sappy, but as I ponder my next career move, I think about how much value I've gotten over the past 2-3 years from this forum. Between the exposure to daily banter between some very knowledgeable monkeys, somebody sending me an excel test prior to the final round of an interview, as we...

11
+10
Starting your own Fund/Firm

MonkeyWrench

So, this is something I haven't seen discussed on the site before in detail, only tangentially. Has anyone on here gone through the process of (or is knowledgeable about) starting your own real estate investment fund in detail? Obviously, things like strategy, fundraising, partnership structure, e...

156
+2
How to find out what an LP is invested in?

bigreguy

Title says it all. Looking into a national LP and want to find out what they're invested in and with who. ...

7
0
Starting your own firm

God Emperor

Which background do you guys think is more valuble? Debt broker? Development? Acquisitions? Or just a fat wallet?...

1
+2
Large Apartment REIT vs. Lasalle/CBRE Global Investors vs. CRE Debt Brokerage analyst

Ronclue

Which of the 3 would you go with if they were all on their respective investment teams as an analyst? ...

7
+2
Beginner RE Valuation/Modeling

frnzs95

I'm new to RE and want to transition to Capital Markets eventually just out of interest (probably more interested in debt/equity placement but open to investment sales also) I'm pretty familiar with traditional modeling (3-statement projection, DCF) but having trouble finding free resources for rea...

0
+1
Transition from Private Equity Real Estate (REPE) Acquisitions/Asset Management to Real Estate Investment Banking (REIB)

CRE12345

I know a lot of people who work in Real Estate Investment Banking make the transition into an acquisitions role at a REIT or REPE type firm very easily and smoothly....However, I am curious, how likely and difficult would it be from doing the opposite (REPE ---> REIB). I am on the younger side, low/...

5
+3
Newmark Knight Frank - Reputation

Ralph_Lauren002

Wanted to get a current grasp of NKF's reputation these days considering they 100% spun off from BGC Partners and went public late 2018. How are they regarded in terms of the full service brokerages (CBRE/JLL/CW)? Could you still consider them one of the top 5 CRE firms? More specifically, looking...

22
+3
Let's Talk About Broker Compensation

SponsorPromote

How much do brokers actually pull in? I'm talking about your net of everything. So you pull in your commission and have a split with the company (anything from HFF/ CBRE to smaller boutique shops). Larger deals typically have multiple hands in the bucket (at least from what I've read- correct me i...

16
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+5
Common Co-Living

NYYCRE

Anyone here know anything about this new co living firm? Also what are your guys thoughts on co living?...

44
+3
New MRED+D program at UC Berkeley

Giangelo-Bautista

A new [MRED program](http://www.mercurynews.com/2017/08/29/only-in-the-bay-area-real-estate-for-progressives-at-cal-berkeley/) is opening up at UC Berkeley. What's everyone's thoughts on this?...

6
+1
Fund Size

Temujiin

What do you consider to be a good sized fund? What is too big? What is too small? $50MM? $750MM? $20B?...

4
0
Want to break into REIB after MBA

Gleeman2873

I have a few nice MBA offers and I am thinking which one will be better for REIB career. Currently I have UNC KF, Emory, and Georgetown. Any idea? Also I am 32 years old and previously did tax consulting work for REITs....

0
0
Best RE Finance and Development Books

wallstreetballa

What are some of the best RE Finance and Development Books? Looking to dive deep into the weeds and looking to stay away from any resources that are academic overkill. Thanks in advance! ...

1
+1
Starwood Capital Asset Management Interview

LeveredLlama

Hey all- Got a 30 min phone interview with an Associate on their Asset Management team. Position is in SF. Here's what I assume: questions about background, why real estate, why Starwood, walk me through resume, some basic RE technicals like explain a cap rate, walk me through DCF, explain NOI, exp...

5
0
LaSalle Modelling test

Viciou

Hi everyone, I have a modelling test coming up with LaSalle for their graduate program, and I just wanted to know if anyone had inputs on this ? Thanks very much Viciou...

0
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+2
Question Regarding IRR vs NPV Calculations for Development Projects

Non-PC Broker

In a typical levered development project, you have months of cash outflows followed by a number of months of lender contributions and then you'll start your lease up period in which you'll, hopefully, have positive cash flows. However, when raising capital for a fully-entitled development (I'm tal...

12
+7
REFM Review - Real Estate Financial Modeling Courses 1-3

HopefulMogul

I just went through levels 1-3 of Bruce Kirsch's Real Estate Financial Modeling (REFM) and another monkey recommended I give a review... So here is a summary and what I though about the courses: Level 1 - starts off as simple formatting and statistics formulas (max, min, avg). Then moves into deali...

19
+1
Internship Opportunity at Large NY REIT

FinancialBarn

Hello all, I have an interview for a potential rotational internship at a large retail REIT in NY. I am a little clueless on what expectations are for the interview. It looks like it would be some form of quasi corporate finance/investment internship. Couple questions. I should disclose I am in a n...

1
+1
Networking with "bankers" for RE DEV

loanshark

I've heard real estate developers say that you need to develop relationships with bankers to obtain favorable funding terms. Who exactly are they referring to within the hierarchy? ...

3
+2
Starwood Capital Asset Management

babybaboon

Monkeys - anyone have info on this group? Comp, exits, culture? Other posts have acqusitions being sweatshop-ish but what about asset management? Good group/name to have on resume to eventually pivot into acquisitions?...

10
+2
Crowdfunding Platforms

God Emperor

Anyone ever consider starting a crowding platform like Fundrise or RealtyMogul? Why are there suddenly so many popping up in 1 form or fashion?...

9
+3
Altus Group Real Estate Valuation Analyst Video Interview

CodyParkey

I have been selected for a video interview for Altus Group for a Real Estate Valuation Analyst position. Basically I will have to answer questions that appear on the screen using my webcam. Does anyone know what questions might be asked or what I can expect? Or what can I expect and how to prepare f...

7
+2
Licensed going into commercial real estate brokerage help or hurt? (CBRE, JLL,ect)

blakegsheets

As recently graduating college and looking to go into a commercial real estate brokerage like CBRE, I would like to be in the investment or leasing side of brokerage and eventually become a broker in one of those sectors.Would having a real estate license help or hurt being hired as a analyst to a ...

10
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+1
Commercial Brokers title levels

CREboy

CBRE/Cush/Marcus or any others(any who work for a firm that has this structure), what gross commission do you need to produce for the title senior associate, VP, first VP, exec VP, vice chairman, etc? I’m asking more towards the capital markets side. I couldn’t find any info based on this. Thank...

3
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+2
Ranking the real estate asset classes in terms of risk

128

Dear all, Im having trouble to find arguments when ranking real estate asset classes in terms of risk. Im mainly looking at: -Multifamily -Retail -Office -Student living -Light industrials/Logistics -Hotels -Co-working spaces I know that there are several factors playing into this, but assuming a...

14
+2
Moving from RE Operator to REPE

ReFutureMogul

Any success stories out there on moving from the operator side into a private equity role without an IB background? ...

11
+4
AMA: Real Estate Acquisitions Analyst. Uni -> BO -> Mtg Financing -> Acquisitions

KClubs

Graduated 2017. Had opportunities in consulting, commercial banking, and real estate. Gambled on real estate route by starting in back office role. After ~2.5 months in BO, transitioned to more "front office" analyst role. Did that for ~18 months before a recruiter got in touch and recently (less th...

23
+1
Case Study due Thursday: Can anybody shed some light on office development budget costs?

StrictlyBusiness

100,000 square foot office building. Two tenants occupy the building. #1 tenant occupies 75% while the other occupies 25%. I know it varies by market, but this is an exercise and rough numbers will work. Right now I'm at -Land: $25 psf -Soft Costs: $10 psf -Hard Costs: $150 psf -Other Development R...

1
+1
Manhattan Construction Costs

nycre1234

I am trying to find accurate and current estimates for construction costs for ground-up residential development in New York City. Specifically, high-end condos that sell in the $2,000-$3,000/SF range. What do these cost to build currently - $800/SF hard costs and about $1,000/SF total? $1,100/SF? A...

2
+19
Costa-Hawkins Repeal (California)

Count_Chocula

Any of you nerds tracking it? Looks like it will be on the ballot in November (should be confirmed by June 28th). Could be bad news bears for a lot of California resi guys (yours truly included). Considering buying the July puts on Essex....

96
+1
ARGUS Question

Almosttoolate

In ARGUS Software, how does it deal with half months? I am inputting a particular lease where it ends in the middle of the month. How does Argus calculate Potential Base Rent in relation to this situation?...

2
+10
Is Meridian That Bad?

Mandelbaum_Mandelbaum

Obviously, there are stigmas about certain prominent industry players, especially in regards to brokerage shops. I get the prestige associated with certain firms, but for those with legitimate experience/knowledge re: working at or with Meridian: could an analyst there get similar (or even better) e...

50
+1
IS Analyst Bonus Comp

smashCRE

I have gotten a few analyst position offers from IS teams in my market. They all consist of varying levels of base pay with some sort of bonus structure as well. The bonuses vary from a simple % range of base salary, to a % of fees from deals I work on, to a flat fee for deals I work on. I have also...

1
+1
Advice: Real Estate Investment Banking Technical Interview

pablo escobartard

I got a second round interview for a REIB team that specializes in JV Equity recapitalizations, Portfolio Sales, Asset Level Transactions, taking REITs private, and refinancing. I know that's a mouthful hahaha. I'm a senior graduating in May and I know they won't expect me to know everything, but I'...

1
+1
Choosing a Role: MM Acquisitions vs Megafund Asset Management

heedi0

I currently work as a RE investment analyst at an institutional shop and am making the move to an opportunistic fund. Currently I have 2 options and having a lot of trouble choosing which is best: * Acquisitions analyst at a ~5bn AUM firm looking mostly at single asset acquisitions, sector agnos...

2
+2
Acquisitions Analyst vs. Development Analyst

nycre1234

Can someone working in real estate investment and/or development please shed some light on career options for an entry-level Acquisitions Analyst vs. an entry-level Development Analyst? 1. What is compensation like at lower levels and as one advances in their career? My impression is that investmen...

11
+2
Best Risk-Adjusted Returns - Acquisitions or Development?

CREgorrilla

I'm interested to hear people's opinions about what side of real estate offers the best risk-adjusted returns. I know that returns for development can be higher than acquiring and holding. I'm also aware that investing in a core office building will yield different returns than a value-add multi-fam...

11
+5
Dream Jobs in CRE

CREchimp

I have been in the CRE industry with a top brokerage firm (CBRE, CW, JLL) for almost 2 years now as an analyst and I wanted to see what type of positions are most sought after in this industry. Brokers seem to have it pretty good (so long as they are decent) in terms of work/life balance and making ...

56
+1
Answer to Why Investment Sales Interview Question?

enterprisevalued26

I was wondering if someone could help me come up with an answer for why investment sales. I have an interview on Monday with HFF. I really want to work in the debt and equity financing part of real estate but understand that investment sales is a start. So far my answer would be "because of the oppo...

4
+2
Re circulation of Equity

Bananas1987

If you have a two phase development project that don't overlap (Phase I doesn't start cash flowing until after you've put all your equity into Phase II) what are some creative ways to recirculate equity to reduce your equity contribution?...

4
+6
Chrysler Building Sale

ThatGuyBalls

[BISNOW Link - Chrysler Sale](https://www.bisnow.com/new-york/news/capital-markets/rfr-set-to-buy-chrysler-sellers-taking-big-loss-97894?&utm_source=outbound_pub_6&utm_campaign=outbound_issue_1130&utm_content=outbound_link_15&utm_medium=email) Anyone have the inside scoop on what went wrong here? I...

25
+43
The market is turning rapidly...

PacNumber

In the last 60 days I've seen so many deals fall out. Not just mine but other brokers across several asset classes. Buyers are hyper critical of everything. Sellers still want crazy money...Apartment investors selling at 4 caps and trying to buy retail at a 6. They see the end in sight of the ...

91
+2
Please advise !! Got accepted Into MRED program at Columbia , Cornell and NYU ? Really confused

djbravo

I applied to the Real Estate Masters program at Columbia, Cornell and NYU for the Fall 2016. And by gods grace got accepted in all three program !! Now I need your help guys as I am really confused. Some detail about the about the programs - Program Length - Columbia 1 yr , NYU - 1.5 yrs , Cornel...

20
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+1
Military Housing / Privatization Asset Management

Post hoc ergo propter hoc

I've recently gotten exposure to RE Military Housing deals. Coming from a traditional RE background (JV development then a REIT), I was surprised to learn all of the nuances and how the agreements are structured. My initial takeaway was that there are large Fees to be made running these projects.....

1
+8
Why do the most prestigious RE firms focus on huge, class-A buildings in top markets?

BeaconStreet

This is something that has puzzled me as I’ve moved from the AEC side of the business to the finance side. There is a group of elite, prestigious RE companies. They tend to hire from target schools, and many of the posters here would like to work for them. You know their names: Hines, Brookfield...

35
+3
MSRED/MRED 2019 (MIT vs. USC vs. Columbia) WHICH ONE?

yoko1

I've been accepted to MIT/USC/Columbia MSRED/MRED programs and would like to get feedback from industry professionals, anyone who is going through the similar process, and recent graduates. Since yesterday, I have been contacting my acquaintances in the real estate industry to gain their opinion and...

22
+5
What happens to old crappy apartment complexes?

Swedish_1

I live in the suburbs of an up and coming area that has seen a ton of recent growth. And there are these 30+ year old apartment complexes that are long past their prime. The apartments are on excellent land have a really good location next to some affluent areas, but these apartments haven't been up...

53
+2
Non-Recourse CA Bridge - Banks?

PacNumber

I have a coastal value-add MF project in escrow in San Diego. I've got some great bridge loan quotes at 60% LTC in the low 5% range. My sponsors are studs with 7000 renovated units under their belt. Equity appears to be in hand as well. To my surprise, my sponsor doesn't like loan quote. The re...

8
+7
Real Estate Mezzanine Debt - Cause for Concern?

FutureCEO3

Throughout my discussions with investment and financing professionals within the real estate industry, we have reached the stage of the cycle where most seem convinced we still have “room to run”. The most common reasons and rationale I hear about why a downturn is not imminent is because bank...

13
+1
What is the timeline for full-time hiring out of undergrad in REPE?

goskins5

Hey guys, I have been feeling a bit lost recently. I completed an acquisitions internship at a Top 5 REPE shop my sophomore year and have since accepted an offer for this summer at a top debt group. My original thinking was to get some debt experience (since I had already spent a summer in equity) ...

5
+1
Prudential (PGIM) Senior Housing Interview Help

LandRover2020

Hey everyone, Have an final round interview at HQ next week for the senior housing group. Anyone with any information about the group and interview would very much be appreciated! More fit or technical? They sent me a case study to do last week prior to the interview. Thanks!...

1
+1
Special Servicing Information

BlackBear

I have an interview coming up for a summer internship under special servicing group (primarily B-piece CMBS). Can anyone link me to any PDFs or Articles that cover special servicing in depth maybe? Any other guidance would also be helpful. Thank you. ...

1
+1
Insight into B6 Real Estate Advisors

abc1324

Looking into IS in New York City and other big cities. Anyone know anything about B6 started by Paul Massey a few years ago. Culture, mentorship as a broker, etc?...

1
+6
Deal Structure For First Deals

Stoo

Hey everyone, I was curious to know how you structured your first deals that you did on your own or how you would structure deals you do on your own in the future? (This is assuming you have investors and it wasn't all your own money) Some additional questions for those of you that have done a fe...

33
+2
CBRE: Valuation Associate vs. Portfolio Analyst?

blakegsheets

As a newly college grad and applying to CBRE, I have researced to find they have the best training programs for new graduates and people starting out in the field. I'm curious to know if there is a better entry level position to start in that will give me the exposure and tools to learn and understa...

9
+2
Excel test for TPG, Carlyle, KKR Real Estate?

cornerback16

Hi all I have gotten through to the final round of a development finance boutique that is back by a big PE group (think KKR, TPG, Carlyle). The final round is an excel test held by one of the above. Just wondering if anyone has done the excel test for one of these? The job is Real Estate focused s...

9
+3
Multi-Family in Southern California

Crankerr

I have an interview coming up for an acquisition role with a MF developer in Southern Cal and SW US. I would love to hear some opinions and key trends in the market that would be helpful to talk about in the interview or as follow up questions. I know that SoCal has high barriers of entry in regard...

6
+2
Non native English Speaker - Real estate Resume Review

bukos

Hello everyone, I am a non native speaker currently applying for jobs abroad, Even if I am confident in my english skills (not that much), I am not sure about my resume phrasing, Is anyone willing to help me to correct my grammar/english mistakes? I am obviously open to criticism/help! Thanks i...

10
+7
RE Mezzanine Debt

Temujiin

Can someone give me a rundown on mezz debt? 1) What term will mezz lenders do? 2) Is it always interest only or do they also amortize in some circumstances? 3) Are there ever holdbacks in the loan? Is it always fully funded upfront? What if it is for construction? 4) What total DSCR, LTV, LTC, and ...

37
+2
Meridian Investment Sales - Info?

Pocket_Rockets

Anyone have information about this firm? Seems like they have some solid deal volume. Appreciate any insight!...

10
+16
How many of you actually plan on going independent?

ThatGuy111

I have the desire to one day start my own development business and I read a lot of comments on here where people mention that they plan on one day starting their own shop or that's "that's the dream." I was just wondering how many of you are taking the steps to make this happen? Also, how many pe...

59
+4
How do REITs pull off condo sales, PE funds?

NonRecourseLandLoan

WSO - and maybe the REIB kids can help here: How do REITs, supposedly barred from the business of "trading" real estate, get away with developing condo buildings and selling them out? Vornado's 220 CPS comes to mind. I'll add another wrinkle. A good number of equity and hybrid REITS also have inve...

1
+2
Chatham Financial Culture? Exit Ops? Comp?

Geoff_Icarus_Peterson

Does anyone know about much about Chatham Financial? I've look at a similar old post but it isn't too helpful. ...

2
+4
Allure of REPE/REIT Acquisitions

vintagegmt

I had an interesting conversation with a recruiter a few weeks ago about how many new college grads / those in their 20s in RE industry are "acquisitions or go home" in their career search. He felt this thought process is naive because he sees many successful principals that have both Asset Manageme...

12
+1
Naiop nyc

han brolo

Does anyone have exp. with naiop in nyc? Any thoughts/ comments? Just looking to expand my network. Already a memeber of uli. Thank you! ...

1
+1
Help with a Waterfall Structure

TXRE33

Quick waterfall scenario that I'm having some trouble with, though I'm sure it's not that difficult. Currently putting together a waterfall with the following structure: 9% accrual, non-compounding pref return on initial investment, then: 70% to LP up to 15% IRR, 60% to LP up to 20% IRR, 50/50 the...

5
+2
Question Regarding Raising 2 million for first development with 8 already pledged - Ontario, Canada

FibonacciMan

Hello Everyone, Me and a friend are looking at acquiring our first development project. We have 8 million pledged by one investor, and are still in need of 2. The land we are looking to acquire is in SW Ontario off the market and is owned by a family friend. We plan on building 50/50 condos and hom...

6
+2
Recommendations for First Deal

accountingbyday

I have some cash on hand that I'd like to put to use in Real Estate. I've become convinced that I'd really like to put it to use in the Multifamily space, but struggling with the best way to do it and looking for recommendations from those of you with more experience. I can sit and tell you about ...

13
+1
Senior Lenders - do you find doing lending work on stabilized assets repetitive? How do you get around that?

RdotEdot

I am just curious to see the community's thoughts on this topic? I've found doing underwriting work on stabilized assets a bit repetitive from time to time. Maybe mezz/pref might be a bit more interesting. I'm just worried that I will run out of motivation/interests in a few years. Thank you ...

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