0MSRE and MSRED Top Programs in Northeast


After searching the net, I haven't found any reliable sources for rankings of the best MSRE and MSRED programs. In your opinion, what are the best programs in the Northeast. Any comments for your opinions or comments on admissions would be appreciated.

0@hazardpolicy RE Model practice.


A few days ago, @hazardpolicy" posted an office acquisition model term sheet and I decided to build a model as well for practice sake. As I was building the model, the term sheet seemed very vague and in some area very unrealistic( e.g rent.. I think they meant annual rent.. but forgot...

0Private Lending to an LLC


<abbr title="Wall Street Oasis">WSO</abbr>, I am a co-founder in a house flipping company in Orlando Fl. We are interested in initiating lending relationships from people we know in an effort to double our volume. We use hard money loans, however the additional capital...

0Cap rates and inflation


I was wondering if someone could explain the effects of inflation on cap rates. The way I understand is that inflation will increase your income and your expenses so the net effect on NOI will be close to null resulting in an unchanged cap. Am I correct? Thanks.

0The Scion Group - Real Estate Private Equity firm?


Does anyone know much about the Scion Group? Is this a <abbr title="private equity ">PE</abbr> firm that invests in Real Estate - primarily student housing? Can't find much information about them and in the past, I saw a job posted with the title " Real Estate...

0CRE compensation structure


Does anyone have any general metrics on the compensation structure for most big <abbr title="commercial real estate">CRE</abbr> brokerage services firms? Think something a long the lines of CBRE, JLL, Cushman, Eastdil, etc. Specifically on either their capital markets...

0Becoming a competent real estate analyst


I've got a new job at one of the big <abbr title="commercial real estate">CRE</abbr> names as a research analyst. I'm coming from a more general equity/multi asset research background so I don't have particularly detailed knowledge on real estate. Does...

0Greysteel Multifamily Analyst, does anyone know anything about???


Anyone familiar with the real-estate firm called Greysteel? and if so does anyone have any insight into the multifamily analyst position? salary, job duties, how relevant is this to a <span class='keyword_link'><a...

0Guides to prepare for Real Estate Interviews

The Duke of Wall Street

Hello Brethren, I have a few interviews coming up and I was wondering if there are any "gold-standard" guides to prepare with? I'm thinking something analogous to the "Vault Guide to <span class='keyword_link'><a...

0Operating expenses for logistic property (modeling test)


Hi Forum, I have a modeling test coming up with a UK logistics fund. However my background is more in office/retail/resi. In order to have some realistic assumptions on hand, has someone any idea what number I should use for the operating expenses? I cannot find any research on non-recs, or...

0website like for commercial property?


Is there a website that is just like Zillow for commercial property? If there isn't, there needs to be something! I want to look up a commercial property value easily.

0Mortgage/CMBS origination spread


Hey everyone, I was wondering if there are any ways to find current average mortgage origination spread for <span class='keyword_link'><a href="/finance-dictionary/what-is-a-balance-sheet-BS">balance sheet</a></span> loans and CMBS loans (different...

0Couple questions about REITs - please help!


Dear all, can you please help me with several questions regarding <abbr title="real estate investment trust">REITs</abbr>. 1. In what <span class='keyword_link'><a...

0Does CBRE have a Financial Consulting Group presence in the New York City region?

bernie madoff

looking to make a career transition at 29 years old. probably impossible, but who knows. anyway, if i did want to get into underwriting and modeling, what would be the *easiest* way to do that. (i am coming from middle office trade management at MS). thanks!

0Loan Expense and tying it into the entire model


Basic excel question but I am stumped - I'm not sure if I am having a brain fart (plus i've been in the office for 14 hours at this point) Assuming a 65% LTC how do I tie in the expense of the loan when it is based on the overall expense of the project without receiving a circular...

0Job Security in Real Estate Investments


Hi there! I'm doing some research into various finance-related career areas. One area of interest for me is real estate investments, something like REPE, real estate development, or a <span class='keyword_link'><a...

0RE Insurance


Can somebody provide a high level of the different functions of a Real Estate investment arm of an insurance company (such as PGIM RE)? I understand there are equity and debt functions, but what are typical institutional investors and how does the deal flow work? I guess I'm having a...

0Insight into Asian REIT Industry & Market?


Any experiences in this area? (Particularly S. Korea) Market Trends, Job opps, exit opps, etc Thank you.

0Difference between REPE & RE Investment Management


Can someone briefly explain the difference between a REPE firm and a REIM firm? In many cases I see the same company on top <abbr title="private equity ">PE</abbr> and top investment management firms lists (PREI, clarion, etc). I assumed these two firms and others like...

0A question about Origination...


On my team (SBL Lending), our originators arrange financing for their clients, and thus put together a loan application after sizing a deal. Then, an analyst (me) will underwrite said deal. Easy enough. However, I am a bit confused about how the process differs at a REPE shop, or somewhere...

0Real Estate Agents; professional or unethical?


I've noticed that where I live there are very few "professional" real estate agents (however there are very few that are). Many are very corny, others are really shady, and some just seem sloppy. Here are my questions; -Why do most seem so unprofessional? -Are they in...

0Real Estate Private Equity - Hiring


Hi all - this is just based on observation - but for some reason I am seeing a ton of real estate focused analyst / associate positions pop up in various buy side shops. Wondering if anyone has a perspective on what's going on in the <abbr title="commercial real...

0CMBS 101

Commissions and fees

I'm trying to get a better understanding of the CMBS market and how it works. Does the market essentially act similar to Famnie and GSEs, where they buy pools of mortgages, only these are in office, industrial, and development, and the buyers are investors not the Gov? I'm...

0Real Estate Private Equity: what is needed to get in?


Does anyone know what it takes to get into real estate private equity at a reputable shop (e.g. <span class='keyword_link'><a href="" target="_blank">Blackstone</a></span>, Carlyle, Warburg, <span...

0Challenges faced when starting out as financial analysts


Hi all, I'm starting out real estate finance as an analyst and was wondering if you'd be able to share some of the challenges [technical (excel - finance concepts) and/or soft skills] you were faced with when you started out. Also, how long did it take you catch up to speed at the...

0Audit to REPE/REIB?


Hi guys, first post - I am currently an auditor in my third year at one of the Big 4 public accounting firms in <abbr title="New York">NY</abbr>. Have my <abbr title="Certified Public Accountant">CPA</abbr> and <abbr title="Masters in...

0How do you get a job at an elite development/REPE company or REIT without the standard prerequisites?


Alright thanks for bringing me down to earth guys. That did sound incredibly douchy and I deserved those comments below. Good thing I posted on here first. Not gonna do any of that. I'll just network and be chill about it.

0Related Cos


Anyone here have an opinion on Related? How are they perceived? Good reputation? Bad reputation? Sophisticated/unsophisticated?




0Eastdil Secured - Analyst Interview


Has anyone had experience with interviewing for Eastdil's equity sales group? This is for the analyst position in a major metro. From what I've seen, it seems that you are interviewed with everyone in the sales group with <span class='keyword_link'><a...

0Top RE Development Firms ....salaries beyond junior roles?


After trying to do research on and reading the vault guide, etc... I'm still curious to know what salaries are like in the upper levels of the big RE Development firms. Places like Hines, Related, Trammell Crow. I've noticed that most recent MBA's get hired as an...

0Goldman Sachs Realty Management Internship


Does anyone have experience with this program? I am curious how competitive <span class='keyword_link'><a href="/guide/wso-internship-guide">landing a summer internship</a></span> with this division is compared to say, the investment banking division.

0Floating Rate Modeling

C.R.E. Shervin

I was wondering how detailed is everyone's modeling of a proforma with a floating interest rate. Is it estimation, interpolation, or do you just use the base rate throughout the proforma? I figured that one would have to look at the yield curve and model that plus the base rate to get...

0AEW Capital Management: more info, insights?


Does anyone have information on these guys? They're a Real Estate focused Investment Management firm based out of Boston. According to their website they have $22B under management and do both public and private market investing.

0Where do you find development job listings from the major developers?


Hi, Where are people finding jobs for development positions with the larger developers? I typically use indeed, selectleaders and linkedin to look for open positions, but I run across almost none from large developers and very minimal from smaller shops. Is there somewhere else where some of...

0Real Estate Appraiser Internship


I have an interview for a real estate appraising internship this afternoon. I have a general interest in investment banking and am curious if this is a worthwhile opportunity? Will the skills I learn as an appraiser be valuable later?

0Msc Real Estate in Europe


Hi! Im new to the forum but been reading it for a long time. I´m interested in doing a Msc Real Estate, preferably in Europe due to the high costs in tuition in USA. I have read that the best masters in real estate are in UK: University of Reading, UCL, Cambridge, <abbr title="London...

0What sources / reports do you know for European cap rates?

5 million

Would like to see cap rates all across Europe as well as historical change. Particularly interested in newer EU members - CEE and Balkan countries.

0How much less competitive are LA/Chicago job markets than NYC?



0REIT management trainee exit oops

Swarles Barkley

So I have a pretty basic questionthat I've been pondering that I think some of the <abbr title="Wall Street Oasis">WSO</abbr> members on here could answer. I just landed a job at a <span class='keyword_link'><a...

0Condo Comps


Doing a land residual analysis on a potential land acquisition. Wondering what sites / resources you guys use for finding condo / for-<span class='keyword_link'><a href="/finance-dictionary/what-is-comparable-analysis">sale resi <abbr title="comparable...




0Goldman Asset Management Group (Previously Archon?)


Anyone have any info on Goldman's <span class='keyword_link'><a href="/finance-dictionary/what-is-asset-management-AM">Asset Management</a></span> Group in Dallas, TX? I believe that they used to be called Archon, but have officially merged...

0Debt Placement (think HFF)


Hey guys, I'm an analyst at a small debt placement shop in a primary market. We are probably #2 in my city and go head to head with the big shops. We are essentially a private, local, mid-market HFF type of shop. Can someone who works at HFF or somewhere similar explain to me how the...

0MSRE or MBA for investment career?


What is the value of a MSRE in the real estate investment field...from what I have seen most people with MSRE's tend to be in development roles (I was at a good program and left because of this reason).. Is there any value in a MSRE for investment, or is it only for MBA's? Also...

0Real Estate Pay


Can someone please send me the link to that PDF file that specifies certain pay in each position in real estate? I know it's been floating around here but I haven't seen it lately and couldn't find it in a search. Would be nice to have it stickied too.

0Acquisition Analyst -> MBA


Anyone on here go from acquisitions (<span class='keyword_link'><a href="/finance-dictionary/what-is-a-real-estate-investment-trust-reit"><abbr title="real estate investment trust">REIT</abbr></a></span>/REPE) to a top 10 MBA? If...

0Why CMBS origination? Why Debt? Question


Hi everyone, I have a final round interview with CEO and MDs at a boutique conduit firm tomorrow. I think I have everything locked down, but since I didn't have any previous experience in the debt site of the world (work in investment sales), I'm having hard time coming up with...

0berkely point capital analyst rotational program


Anybody familiar with the salary for the program? Do any other banks have rotational programs ? I know Wells has one, but anybody else? Thanks!

0How to get started


Hello <abbr title="Wall Street Oasis">WSO</abbr>, I would like to get some opinions on how to get started in real estate. Some (relevant) informations about me: - studying Economics in Continental Europe - currently in my third semester (out of six) - GPA: 4.0 /...

0Student Housing (Private/Public and Large/Small)


Who can name some players in the northeast? American Campus, Vesper Holdings, Core Campus, The Scion Group, Prime Property, MJW--- the more the better. Anyone ever done a student housing deal? Acquired, disposed, constructed, brokered?

0Argus Software - Vending Income


Question: Vending Machines that are located in the lobby will generate $700.00 a month in additional revenue, which is 100% Variable, and will grow by the General Inflation Rate. What would be the total amount on a per year basis? According to the Property Report - Cash Flow Year 1...

0911! I need help REPE friends!

Mr. LA

Hi everyone! I am looking for an example of a REPE research report. I just need someone baseline to get a feel for what is considered the standard template and what they typically contain. I've been told it should be a few pages and come to an investment conclusion. Any examples would...

0REITs - Typical deal structure


Folks in <abbr title="real estate investment trust">REITs</abbr>, can you please answer if <abbr title="real estate investment trust">REITs</abbr> have some sort of fees and promote structure set up like the <abbr title="private...

0Real Estate Career from Scratch


Hello Monkeys, I have an interview Wednesday at a commercial mortgage banking firm for an Analyst position and I have no idea where to start in preparation for it. The firm has organized debt financing for retail centers, office buildings, industrial parks, storage facilities, hotels and...

0Real estate version of WSO


Is there a real estate equivalent of <abbr title="Wall Street Oasis">WSO</abbr> out there? If so, what is it? And if not, can we add a real estate forum?

0Top Real Estate Developers in Chicago


I would truly appreciate it if i could get a list of the major or "best" real estate developers headquartered in Chicago. Thanks

0San Francisco Real Estate Professionals


Long story short, I do not know very many people in the industry especially around my age (24) or at all for that matter. I work in REPE in SF and would like to meet more people in the industry and finance in general, I think it would be nice to be able to talk to someone about what I do (and...

0Expected Return: Vacant Land NYC

Pokemon Master

What kind of expected return seems reasonable for vacant land in <abbr title="New York City">NYC</abbr> with no intention of developing? Simply buy ~10,000 sq <abbr title="full time">ft</abbr> already zoned for multifamily and sell to a developer in...

0Books on Development


Can anyone suggest any resources be it books or primers on real estate development? I'm staffed on a few developer driven 142 d deals and would like to better understand the development process.

0Book Recommendations


Fellas, just looking for some solid book recommendations that are worth the read. Preferably relative to real estate, but general business is fine too. Just looking to educate myself during the few hours of the day that my eyes aren't deep in a model. So if there's any you read that...

0Could we see another housing bust?


Yes, it's definitely a bit early to be speculating about the chances of another housing bust so soon after the last one. In any case, a Journal article (link below) highlights the recent sharp rebound in housing prices that's in many ways being created by the same policies that created...

0How to get a FT position before I graduate?


How would ya'll recommend finding a <abbr title="full time">FT</abbr> position months ahead of time (I graduate Spring 2019), without previous internships? Do people even hire <abbr title="full time">FT</abbr> analysts months ahead of time that...

0LifeCo Internship Exit Opps

Ba Na Na Na

Background: undergrad at target school; decent GPA but not stellar 4.0 kind; have RE internship experiences and extracurriculars Will be interning at one of the big lifeco's (Pru, MetLife, Allianz, AIG) this summer on the equity side and am curious about each lifeco's general rep in...

0Blackstone Real Estate SA


Hi all, I'm planning to recruit for <span class='keyword_link'><a href="/company/blackstone-group"><abbr title="Blackstone">BX</abbr></a></span> <abbr title="summer analyst intern">SA</abbr> 2017. I...



I am looking at a research report on a home builder, in one of the emerging market countries. The business model is simple - build a large apartment block and sell it down to individual customers, flat-by-flat. The report (done by a <span class='keyword_link'><a...

0Raising Cash From Private Investor(s)- Real Estate Project


Does anyone have experience with this? Vetted out the numbers and I have a handful of attractive opportunities to buy land and build properties. However, do not readily have the cash. So, we'd have to raise it. I've seen things online about directly connecting with investors. ...

0Real estate investment analyst in London


I'm currently at a Big Four in London, finishing up my ACA (local accountancy qualification) having started in audit and then moved to a financial advisory role. I've been exploring <span class='keyword_link'><a...

0Summer Analyst at BB Balance Sheet Lender v. Eastdil Equity Sales


Which is a <span class='keyword_link'><a href="/guide/wso-internship-guide">better summer analyst</a></span> opportunity for someone interested in moving to a top REPE firm (<span class='keyword_link'><a...

0Gross vs. Net Cap Rate

john rolfe

All- I have received an interview test from a small RE acquisition firm. The company primarily deals with SFR (single family rentals) and small apartment buildings. For the test, they asked me to evaluate 3 SFRs which includes determining the rental value, price we should pay, and a gross...

0Need advice on Exit Opportunities from a "Real Estate Analyst" position


Hi everyone, I was hoping for some advice, I'm currently working in a client relations position at a hedge fund administrator but I've been actively interviewing and had an interview for an analyst position within the real estate and development division of a large company in Canada...

0Real Estate Analyst at Berkadia supporting CMBS


Does anyone have insight to share potential salary for a Real Estate Analyst position at Berkadia and what opportunity for growth is like in their corporate environment? Any input on what it's like to work there? I may have an interview soon but I can't find much on the web and...

0What would you buy if you could access $3mm in equity?


I have a family friend who told me that he could capitalize deals for me to run for him and wanted to get people's thoughts on what they would buy at those levels. Everything seems to be super expensive now. Crappy apartment deals are selling at 5% caps.

0NYU MSRE vs Columbia MSRED


anyone have insight to which program is better and has better career placement, average salary, etc? Both schools says they don't release statistics, but wasn't sure if there was knowledge from 3rd party sources or personal experience.

0Los Angeles and/or San Diego Market Info (Development)


Looking for some advice on a throwaway, anyone's input is very much appreciated. Currently working in development in DC which is becoming an increasingly over-saturated development market, due both to the decreasing supply of land/infill sites and a city-wide zoning height limit. Foreign...

0Borrowing a Balance Sheet - How to price


Individual 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 <span...

0CBRE vs. JP Morgan


I am a senior Finance and Marketing major with a certificate in investments. I would like feedback on two different options, CBRE vs <span class='keyword_link'><a href="/company/jpmorgan-chase"><abbr title="JP Morgan ">JP</abbr>...

0RE Excel Valuation / Argus Training



0I have a CRE Brokerage interview and have no idea about CRE


I sent my resume for the heck of it and immediately got called for an interview. It's at a pretty reputable firm. More like 2nd tier though (not CBRE). But I have absolutely no idea about <abbr title="commercial real estate">CRE</abbr>. None of the terminology or...

0Will Excel modeling tests always be for a hotel or apartment?


Hey guys, I will be taking an <span class='keyword_link'><a href="" target="_blank">Excel</a></span> modeling test next week for this real estate firm that owns mostly office and retail, with a...

0Brokerage internship vs. Development Internship


Hey All, I am an <abbr title="Masters in Business Administration">MBA</abbr> student and I'm looking for a <span class='keyword_link'><a href="/guide/wso-internship-guide">summer internship</a></span>. My dream job would...

0Commercial mortgage broker vs start up


Currently working in the risk advisory side of the big 4. Looking to find a more entrepreneurial route. I have an <span class='keyword_link'><a href="/guide/breaking-into-private-equity-and-vc">interest in venture capital</a></span> as a long term end...

0Real Estate WACC Valuation


I am working on a feasibility financial model for a commercial complex. For this purpose I am calculating NPV of the project. The project will be financed by 50% debt 50% equity, however the debt is a fully amortising loan with equal payments over 10 years. The company will have no debt after...

0Real Estate DCF Valuation (upcoming interview!)


Hey guys, Can someone help me to understand real estate <abbr title="discounted cash flow">DCF</abbr> valuation specifics? How exactly is the <abbr title="weighted average cost of capital">WACC</abbr> calculated for a real estate <abbr...

0Modelling Test - 1 Hour


Hi, I have a one hour modelling test for a <abbr title="summer analyst intern">SA</abbr> acquisitions analyst position. Anyone have any input or experience regarding what may be required of me? Given it's 1 hour i hope not too much... Any help appreciated!

0First REPE job


Hey guys new chimp here looking to get advice to break into REPE in the Northeast, not too good for anything so kindly let me know if you have any tips or tricks: -Non Ivy League <abbr title="balance sheet">BS</abbr> (accounting) 3.3 -3 Start Ups (1 is a solar development...

0Student contemplating career path


Hi guys. I'm a 16 year old high school student from NJ. Just wanted to start off by saying that ever since I've been little, I've been interested in real estate. Every where I went, I picked up one of those free real estate guide, and pretty much by the time I was 10, knew the...

0Quarterly DCF

Princess C

Hi guys, I am facing an issue at work and really have no clue which way to move forward from here. I am doing a valuation for a mall, where revenue is received quarterly, hence until the terminal value I discount my cash flow quarterly (using the compounding formula I derived the quarterly...

0OC, CA RE Modeling Tutor Wanted


Might be a stretch, but I'm looking for a <span class='keyword_link'><a href="" target="_blank">financial modeling tutor</a></span> in Orange County, CA. Preferably around the...


C.R.E. Shervin

Does anyone have any info on the work/life balance, culture and of course prestige of the job! I'm looking at an <abbr title="asset management ">AM</abbr> position with the company in the <abbr title="New York ">NY</abbr> office and I believe...

0Hotel Development


Anyone here familiar with ground up hotel development? I'm trying to come up with a land residual for a DoubleTree Hotel, would be union construction and operation due to the location. Is there any rule of thumb or back of the napkin I could use, based on a % of total dev cost...

0Stay in Big 4 RE group, or go unpaid intern with a successful developer?


Hey all, I have some questions regarding career path. Currently I am a staff position at a Big 4 in their transaction Real Estate department and been here almost a year. Basically a lot of my work is audit support, with occasional PPA and valuation work. The compensation is great but the big...

0How to move from IB to REPE?


Hey guys, I'm in the <abbr title="mergers and acquisitions">M&A</abbr> team at one of the lower bulges (think UBS, Wells), and I'm very interested in moving to REPE (ideally in the <abbr title="private equity real estate">PERE</abbr>...

0PE multi-fam people - advice for a new acquisition analyst?


I'm starting a new role 8/1 with a <abbr title="private equity">PE</abbr> firm that specializes in value-add multifamily. I'll be working under three acquisition managers as an analyst. This particular firm is very active and I'm looking forward to working...

0Yardi, Axio, REIS, etc. What do you use?


This is more directed towards those that focus on <abbr title="megafund">MF</abbr>, specifically in CA or a top 50 MSA. Our firm is currently using Axio-Metrics and Yardi (formerly Pierce-Eislen) and have subscriptions to the LA market. We have used them for floor <span...

0Any "Development Managers" here?


I know titles across in our industry are weird but I was wondering if there are any "Development Managers" here. Wondering what your day to day is specifically, and how much you would be involved with the financial underwriting side pre acquisition and how much of the...

0Why Haven't any Philadelphia Developers become Billionaires?


I was doing some research on the wealthiest real estate developers and investors, and it seems as though there are individuals who have made a fortune in almost every other major city than Philadelphia. Even Penn alums like Trump and <span class='keyword_link'><a...

0REIT Analyst Programs


Tishman Speyer (the reit) has an "analyst program" that is a rotation between some of there different businesses--including acquisitions anyone know much about it? (selectivity/size/comp/lifestyle?)

0UK Real Estate PE, which tax rate for modeling?


Hi Forum, I have a modeling test coming up with a small UK commercial <abbr title="private equity real estate">PERE</abbr>. Because I have been on the lending side, I am not familiar with the tax side. Can someone tell me what he/she uses as a tax rate for modeling...

0Waterfall Scenario * Explain?


After reading through these forums and some job posts, I have came across the waterfall scenario. Does anyone have a good grasp on what this is. Can you explain it in further detail and the ins and outs of the scenario. Any help would be appreciated.