Silver BananaTopic
+9
WSO Hall of Fame: Real Estate Forum 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...
0
Borrowing a Balance Sheet - How to priceIndividual has assembled multiple parcels, spent time and $$ getting entitlements for mixed-use project. His desired plan would be to build it out, refinance, and hold it longer term. Entitled land value (based on residual valuation and sales comps) is roughly $10MM. Total cash basis in the lan...
0
Company Review: JPMorgan Chase - GreatCompany does a lot of deals so I get a ton of exposure to various facets and companies in the real estate industry.. I have nothing to criticize of the company. I have learned a lot and the people there have been extremely supportive....
0
Calculating a market rental rate growth.So I've got 5 apartment complexes I'm using for comps. If I wanted to calculate a market rental rate growth using just those five comps how would I go about that. Would I take the weighted average of all the comps by bed. I'm pretty confuse so on how I could use these comps and their over year renta...
0
0
Venture: When will you start?Recently read the post about using an FHA loan to start experiencing ownership of real estate. At what point do you plan on venturing off on your own? What would you like your first project to be? It seems every analyst I've met has some sort of exit plan. On the other hand, how many of you plan t...
0
Multifamily loansIf I wanted to learn about all of the different loan programs and financing techniques used in the in the multifamily jndustry where would I go. I know about all of the industry publications like multifamily housing news, etc, but I want to dig into these loan programs and get a deeper understanding...
0
Please advise !! Got accepted Into MRED program at Columbia , Cornell and NYU ? Really confused 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...
+6
What is your compensation in CRE Lending?Saw the great post on compensation in real estate finance (here: http://www.wallstreetoasis.com/forums/what-is-your-compensation-in-real-estate-finance) but wanted to drill down to the lending side of the business. Industry: Middle market lending Title: Analyst Market: nationwide Office: large s...
+8
. Update : I have called/emailed them and let them know about it. After much thought it just seems like the right thing to do. I've started recruiting again and won't make the same mistake twice. Thanks for all of the interest and sorry to all those who may have been affected....
0
Landing a Brokerage Job out of CollegeHey everyone, long time lurker, first time poster. I am looking to land a CRE brokerage job right out of college, and would appreciate any tips/advice to stand out. I currently go to a state semi-target with a liberal arts major and shit GPA but stellar extracurriculars. I hold a broker's license in...
+1
Opinions on potential move?Hi all, I've currently got an interview lined up at a firm that I am not 100% sure about and any opinions on what I should do would be much appreciated. Before I outline my dilemma, here's a summary of my current background * I am currently working as an analyst in an investment team in a big 4 ...
0
+6
Has anyone here built wealth through FHA 3.5% downpayment 4-unit loan?[quote] FHA will finance a 4 unit home with only 3.5% down. The rental income of the 3 remaining units is calculated as income and assists buyer for qualifying. Like all FHA home loans this is for owner occupied homes only meaning you will need to live in the property. There is no maximum sales pri...
+1
Considering career pivot into real estate and concurrent education, any tips?I currently work in an industry that is far removed from real estate, finance, or banking as I took an opportunity to work in a family owned business. As this endeavor winds down I'm looking for professional opportunities elsewhere, primarily in real estate. Unfortunately, I have absolutely no e...
+1
Least Restrictive Asset ClassHi all, After doing some preliminary research, I have been unable to find much information regarding the issue that I am currently facing. I am about to begin my brokerage career in investment sales in a primary market, and I have a couple of options to choose from in terms of the asset class that ...
+1
REIB SA Opportunities?I'm a non-target junior at a TX school (Rice/SMU/Trinity), 3.9+GPA, spent last summer as a SA with a developer. I want to get REIB experience so that I can exit to REPE or RE private debt down the road. It seems like most BBs are done recruiting for all of their groups, so what would be some go...
+1
Greystar interview on-campusI'm having an on-campus interview with Greystar. I applied to their investment analyst position in their HQ, Charleston. What shall I expect in the interview? ...
0
Real estate ModelHello, I am trying to learn real estate modelling, I came across this model, I understand most of it bar 1 point. Kindly go to Modeloff website -> questions ->"Investment Property Maximizing Your ROI (2012)" Apologies as I am not allowed to post links --------------------------------------------...
0
Blackstone - Spanish ResidentialOver the last severla years, Blackstone's real estate group has invested billions in the Spanish housing market (primarily in assets in Catalonia), with their most recent transaction being a majority (51%) acquisition of Banco Popular Espanol SA's real estate portfolio, just two months ago. At the ...
0
+1
Goldman Sachs RMD Superday 10/26/16Hey guys, I recently was invited to a super day for Goldman's 2018 Summer Analyst position with the US Real Estate & Loan Asset Management teams at the Irving office. What tips do you have to prepare? Do they have any specific values that they are looking for in their candidates? Which technicals sh...
0
Underwriting Multifamily Value Add and Development Deals So I currently work at a student housing developer and am starting to develop a good understanding of what the key metrics are when looking at new markets for development. However, I have been wondering what the key metrics and underwriting criteria are for multifamily market rate and luxury value a...
0
What's going on in the Market? (NYC, and National)Hey guys I have a couple interviews coming up for summer analyst positions at a couple real estate firms. I was just wondering how best to answer the questions. A similar question would be to pitch a market/ Asset type. I'v done some preliminary research but would really appreciate the answers of so...
+1
NMHC OpTech ConferenceAnyone going next week? Firm's sending me by myself, so I would love to connect with fellow WSO'ers. ...
+8
Amazon HQ2 LocationAlright folks, let's have everyone's best guess (or inside knowledge) of what city the new Amazon HQ2 will be located. I am going with Denver and Colorado Springs. The culture is really great Marijuana is legal Plenty of other large corporations have their HQ there The cost of living is much les...
0
Company Review: Wells Fargo Securities - wfs reviewCompensation, deal flow, collobarative team environment, networking opportunities, exit opportunities. Face time requirements, deal teams can get oversized at times making work more inefficient due to duplicative roles...
0
0
0
Recourse in Affordable Multi-Family Projects Has anyone seen any structures or could give some feedback on how to limit developer recourse for affordable development (think 4% LIHTC) from either a legal or economic position? ...
0
Company Review: Accenture - SatisfactoryOverall pretty happy. Interesting work with high profile clients is a plus. Smart colleagues make day to day activities fun!. Lack of employee recognition is an issue. Often feel like I'm an expendable analyst (which I understand I am). ...
0
0
0
+1
Wells Fargo CRE Exit Ops Given Current SituationHey guys, What do you think about interning at Wells Fargo in CRE given their current predicament? Thank you so much! ...
0
REIB in NYC?I'm curious as to how many boutique (or just non-BB banks) REIB firms there are in NYC. Obviously HFF just bought Hentschel to propel their HFF Securities team, but I don't know of many others. There are shops that market themselves as REIB, but don't actually perform IB work. For example, I intervi...
+40
List of all US Real Estate Developers and REITsI'm beginning my MRED in the Fall, and am starting to wind up my networking efforts. I figured a CapIQ screen of every developer in the nation sorted by State/City would probably be a good start. I hope that anyone else in a similar situation finds this useful. Let me know if you have any trouble...
+3
Wells Fargo Summer Financial Analyst Program - Commercial Real EstateHey guys, I'm semi-new here as I don't post much, but I have been around reading the forums for the past year and it's been a huge help. I am currently applying for the WF Summer Financial Analyst Program for CRE and was looking for some advice. The job description of my career services website d...
+4
Recommendable Architecture Books? Does anyone have suggestions for good introductory architecture books? I'm starting a project management position for a developer and, although I know it isn't necessary, I would like to have some architectural knowledge. Not looking for something academic, but something educational, at least. App...
0
Summer Intern 2nd round interview with JLL/HFF/Eastdil. Any interview tips/insight?Hey guys, I was told the interview will be with a few analysts and would be technical. Are there any specific technicals I should know if I wanted to work for one of these companies? What would be the best way to prepare for this interview. Any insight would be greatly appreciated. ...
+3
NYC Real Estate InternshipsOver the last three weeks I have applied to 20+ real estate/private equity/finance firms in New York city (Manhattan) for summer internship opportunities. I genuinely think my resume is objectively impressive and I have more applicable experience than almost any person I know at my age (including do...
+1
Seeking Larger Nashville Multifamily Deals (80 units plus) Gents--I work for a large national multifamily owner/developer ($10B+ AUM) interested in expanding in the Nashville market. Seeking a portfolio of 3-6 deals (need operational scale to enter a new market), no single deal smaller than approx. 80 units. Looking for built product, maybe including one de...
+1
Question for Acquisition GuysWhat are the first 5 things you immediately begin digging into when you get an Argus file from a broker for a potential acquisition? I recently started an acquisitions role for a smaller group with no real underwriting policies and procedures or manual. I have a little bit of acquisitions experience...
+2
HFF vs Eastdil Comparison (anticipating future UK dynamic)With the advent of HFF setting up shop in London at the beginning of this year, I thought it would be interesting to see a detailed comparison of the two firms over in the US to gain an idea of the likely dynamic once HFF establish themselves. Working culture? Services? Exit opps? Deal Size? Domina...
+2
Most technical Real Estate companiesI was previously an acquisitions analyst who enjoyed the works of creating JV,Waterfall, Real estate models, using ARGUS. I was wondering how much more technical real estate can get and which firms are the most technical/prestigious. What do these prestigious firms do? I understand that at the end...
+2
Entry Level Question: Property Manager to Real Estate Investment side. How to transfer?Hi guys, I was an Property Manager in a local family real estate trust company in Encinitas, CA since I graduated last June, the job was really interesting because my boss was one of the world's greatest commodity trader who likes to keep a very low profile. So getting to work and learn beside him ...
+23
The Real Estate Job Hunt - How are people doing?I'm curious to see how other WSOer's job search for CRE is going. Are people seeing a lot of success or struggling?...
+2
Advice for College Student Seeking Career in CREHello, I am a student at Temple University (non-target) in Philadelphia. I am double majoring in finance and real estate and want to work as a commercial real estate broker. I have five semesters to go including this one so I still have two summers to secure an internship. I need advice on how to ...
+1
PGIM RE vs. Morgan Stanley IB vs. PNC Capital MarketsHi all, I've been fortunate enough to be offered roles at the places mentioned above for their summer analyst programs and I'm having a hard time deciding. Long term, I'd like to do REPE and eventually venture off on my own to do developments and build my own portfolios; however, i've never had ex...
+1
How do I (CRE broker) get hired/poached from (JLL,HFF,CBRE) to other competitors (JLL,HFF,CBRE)?For privacy reasons I currently work for one of the 3 stated in the title. I started off with a team as an associate and currently grossed nearly $1.5M this year and $1M last year, which accounts for almost of half of my team's annual revenues. I am unhappy with the team and the current firm because...
0
Company Review: Wells Fargo and Company - SatisfiedGreat people and you acquire modeling/analyzing skills. The hours are super easy, averaging 45/week . Your learning curve may plateau after a year or so. Likely why this group has a high turnover in its analyst class. ...
0
+1
JLL Capital Markets AnalystHi all, Looking at a job opening as a multifamily capital markets analyst at JLL. Any idea what the pay is like in a west coast market? I know they typically start around $60-70k but what would the bonus be like? Also, what kind of things will I need to know for the interview? They ask for financia...
0
Credit Analyst at Community BankI would like to transition into a Credit role to gain some underwriting experience (specifically multifamily) and really like the deal volume banks have along with the work/life balance. I'm seeing a lot of community banks with Credit Analyst positions. How are these roles? Ive never heard of some o...
0
Waterfall Pref QuestionDoes anyone have a model or know how to calculate a multiple-hurdle waterfall where GP and LP invest capital at different stages of the deal? (Basically, GP and LP are not putting in $ at the same time so therefore the pref on each starts at different times) Thanks!!...
+1
Debt automartisation and interest calculation, need help!Hi guys, anyone could tell me if the I correctly calculated payments in highlighted? (Term of debt is not given, only holding period). ![Interest][Interest] [Interest]: https://ibb.co/d4m6fb ...
0
IRR/Waterfall QUestionDoes anyone have a model or know how to calculate a multiple-hurdle waterfall where GP and LP invest capital at different stages of the deal? (Basically, GP and LP are not putting in $ at the same time so therefore the pref on each starts at different times) Thanks!!...
0
Company Interview: Avison Young - Brokerage Support AnalystMost difficult questions asked were what I would look for when prospecting for new clients and what I would in a pitch for why the prospect should hire our firm. I wasn't aware I would be interacting in client pitches because I didn't have my license and in the end I didn't end up participating but ...
0
"JLL Project and Development Services"Hey guys, I'm currently working in RE lending as a credit analyst and would like to eventually move into development. Construction loans have always been my favorite and I think it would be a rewarding career - I like the upside possibility and entrepreneurial nature. One thing I like about my ba...
0
Company Interview: Related Companies - internThe hardest question was "how does your experience line you up for this position" because they look for a certain type of credentials and if you are missing it youre out. If you go for development analyst you better have IB experience minimum and preferred PE experience. You also most likely will ha...
+1
Blackstone Real Estate Asset Management - AnalystHi, I had some questions about Blackstone Real Estate AM : 1 - Besides brick-and-mortar real estate, Blackstone is also buying companies. What is to be the asset manager of a real-estate operating company vs an individual asset ? What type of tasks do you perform concretely ? 2 - How close the ...
+11
Top 50 REPE 2017Read em and weep boys. I think it was just published today. Top 50 REPE 2017 Blackstone holding the #1 rightly so with Jonathan Gray still slaying deals. Notable moves to me are PGIM, CBRE global investors, and Cerberus. I know Prudential has been recruiting hard recently for the PGIM and PM...
+1
Market or Food Hall ModelDoes anyone have a model for or any experience with a market or food hall concept with leasing data including rent structures, common area, etc.?...
0
Is it possible to acquire a property from a public REIT through an off-market transaction?I was taught early on as an acquisition guy not to waste time attempting to negotiate purchases off-market with public REITS, due to their fiduciary obligation to market each deal to assure competitive pricing is met. Has anyone ever been successful buying from a REIT through a non listed sale? Ca...
+2
first round RE PE junior interviewHi all, I have been invited to a first round telephone interview with a real estate private equity fund one of the big ones e.g. Blackstone, KKR, etc.. I am still an undergraduate so this would be for a junior role straight out of university/college and I have no idea what to expect. I was wonderi...
0
Capital Market Analyst at a real estate finance companyHey guys, I'm preparing for Capital Market Analyst interview at a small real estate finance group in the NYC. When it comes to capital market research, all I can imagine is to build a database and monitor the CMBS/RMBS/SFR/REIT market and then come up with a report w/ recommendations to institutio...
+1
Real Estate Market OverviewCould anyone help me with a quick overview of the US commercial real estate market. Could be anything in terms of trends and strengths and also individual asset types....
+1
EY Transaction Real Estate SuperdayHi everyone, This Friday I will have a superday with EY's Transaction Real Estate team. There will be 3 behavioral interviews and a 30 minute excel test. I believe that I will be fine on the behaviorals, but does anyone have insight into what to expect for the excel test portion? I have a solid und...
+1
lbo of a real estate companydoes anybody of you have a lbo model to acquire a real estate company? I have to do a case study for a REPE...
+2
If you had 500k cash to invest what would you invest it in?------------------------------------------------------------------------------------------------------...
+1
What percent of units to renovate on 5-7 year hold (for 100+ unit properties)?So I had an internal debate with my team today about what percentage of the units should be renovated on a value-add multifamily investment where none of the existing units have been touched. For a 2-3 year hold, renovating a small percentage (20-40%) seems like the right way to go so that the val...
0
RE Certificates/MSREHi all, After researching some programs as well as reading up on some older threads regarding CRE professional certificates and MSRE programs, I have been unable to find some of the information that I am looking for. I'm wondering if anyone knows of a CRE professional certificate that can be used a...
0
Acquisitions: Sourcing in New Markets What is your guys' favorite way to establish a sourcing network in a new market in which your home office is not located? For example, you are based in SF and your company is hunting for deals in Portland, or something similar. Besides establishing relationships with your product type brokers, any o...
+4
JP Morgan-CREHey all, anybody here apply specifically to their CRE team for the summer analyst-2018 position? When did you hear back, what did you get asked in the interview? And any opinions on their NY office? Will you work on all product types- office, multifamily, retail, industrial, hotel etc? Thank you!...
0
Best type of firms for AM?For those currently or have been in Asset Management, what firms usually have the most exciting work/best experience? I've been told AM varies a lot depending on the firms goals. I know it includes a lot of financial reporting but for example, I have heard that's AM at a big owner/operator isnreall...
+5
Life as a Real Estate Operating Partner - 4 ObservationsThere was a question in the forums a few weeks ago about what life is like working at operating partners for Private Equity firms. My current firm specializes in land development and we often do JV’s with real estate private equity firms. In these deals they provide the majority of the capital whi...
+2
Hiring Junior Partners / Deal Guys -- Good ValueQuestion for experienced real estate people out there... If you're trying to start a new opportunistic REPE firm from the ground up and you're looking to pick up say 2 deal guys to help you and your 1 other cofounder get going, with their primary focus being on sourcing and executing deals, where wo...
+2
Research Analyst - Entry Level Hello All, I have a phone interview next week for a research analyst position at a big firm (JLL, CBRE, Cushman). The main point is to explain my skills and experiences, I was a finance & real estate major and have interned on a residential real estate team. This would be my first real job in CRE ...
0
Company Review: Colliers International - Good companyGood learning opportunities and management always willing to help. Interns work as generalists so you learn a lot.. Management can be tough and expect a lot of things out of you, which is normally good but they can get dissatisfied easily. ...
0
0
Bridge Lending at Analyst LevelAnyone currently working at a bridge lender at the analyst level? More specifically in the Asset Management division. My current role is back office, and most of the skills I've acquired are largely asset management focused already. I'm trying to go onto acquisitions or development. Could it be mor...
+3
What is a "realistic" expectation on carried interest as part of comp package?Seems like once you reach the VP/Director of Acquisitions level, receiving carried interest as a portion of comp package becomes more standard. I'm curious as to how this piece of the comp stack is quantified (which I'm assuming could be highly lucrative depending on the performance and number of d...
0
How to Analyze Private Tenants CreditworthinessLooking at a Build-to-Suit for a Private Healthcare Operator and am trying to get a betting understanding of what are some of the most important qualitative factors, quantitative factors, and ratios? I've done a deep dive and am comfortable with their Current Ratio & Quick Ratio. I believe they ar...
0
Conducting Research on Entity Level Equity and/or IncentiveI'm working on a project for a small CRE firm on associate equity opportunities at the entity (deal) level. I'm looking for individuals who are willing to participate in a 15-20 minute conversation around your experiences with development deals. Here's the rules: 1. I cannot divulge the name of ...
0
real estate private equity vs. real estate developmentWhat are the main differences between these two? It sounds like both buy real estate property, improve, and sell at a higher price. Besides use of leverage / LP structure (REPE $ comes from pensions etc. and charge 2/20 while developers use own money) aren't they really similar?...
+1
Going Non-Refundable on DepositHave seen a similar post recently regarding the process of securing LP equity for a joint venture acquisition. Similarly, I wanted to describe a scenario and see what others thought would be an appropriate next step. In contract on a deal, seller provided DD materials upfront and asked for hard da...
+1
MS Real estate vs MBA with a focus on real estateHi all, I'm considering pursuing a graduate degree to break into real estate, I have a 3.6 gpa from a top 50 business undergrad and a 730 GMAT. Im looking at the MSRE from NYU as well as the MSRED and MBA programs at Columbia. Does anyone have any experience from one of these programs? what would yo...
0
0
Value Add REITsGood Morning All, I'm looking for the names of some REITs that operate in the value add space, ideally from D.C. north. I'm a first year MBA student looking to enter the industry after finishing my time in the Navy, and the advice I've gotten thus far is to find a first acquisitions internship/job ...
0
0
Company Interview: World Business Lenders - Credit Analyst - World Business LendersNothing was very difficult. They gave me a simple IQ test which I was easily able to answer all five questions correctly. The questions asked on the iq test was like seventeen times thirteen and asked about basic excel functions. One of the questions asked which excel function on the following list ...
0
Argus - Case StudyBrushing up on my Argus Enterprise skills. Anyone have case studies they can share? (answer keys as well!) Thanks ...
0
Company Interview: Winick Realty Group - Intern at Winick Realty GroupI didn't expect them to ask very specific questions about my resume, but they kept on asking about certain past experience and how they would be relevant for this new position. They were very interested in learning about my club involvement as well as my leadership skills and abilities. A lot of my ...
+2
0
NAV ModelingI got past the initial HR screen for an interview with a local finance company. For the next part of the process I have to do a valuation and analysis on a REIT they assigned me. I'm completely new to this but I was going to do a DDM and a NAV model for the valuation portion of it. I'm completely s...
+3
To all the commercial real estate brokers out there...how much money do you make?Just curious, to all the commercial real estate brokers out there--how much money are you earning a year. Answer format below * Product Type * Investment Sales or Leasing * Geography (City, State or Region) * Commission after company and team splits * Company split % * Team split % * ...
+2
Learning how different REPE funds operate, raise, and deploy capitalI am looking to get more educated how REPE funds vary in the ways they raise and deploy capital. I encounter this on the high level with my current gig, but I am curious if anyone has information/white papers that gives a great overview of how a REPE fund operates. I would like to know enough that I...
0
Argus Enterprise (AE) CertificationI am currently taking the Argus Certification course using the e-learnings. Does anyone know how difficult the certification exam is? Has anyone taken the exam? I got through the material without much trouble but I would appreciate any insight/help I could get. I really would prefer not spendi...
0
Interview at PERE FirmJunior chimp in need of help. I have a 2nd interview at a PERE firm. Required to buildout a RE DCF model within 30 minutes. They will provide assumptions. My background is not in RE but I am hoping to make a transition. Does anyone have an example that I may review to prepare for the interview? M...
+1
Dallas vs. AtlantaCurrently trying to decide between an opportunity in Dallas or Atlanta. Without taking the employers into consideration, which one would you choose and why?...

Pages