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+44
Contrarian Thesis: Acquisitions is the Least Interesting Job In Real Estate

LReed

Feel like it's worth giving an alternate opinion, just because I see so much of the same notion repeated constantly that acquisitions are the best gig in real estate. What I do right now is 75% acquisitions, but I've worked on a lot of development, <abbr title="asset...

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+28
Let's Talk About the Pros and Cons of our Gigs in RE Finance

LReed

I'm not trying to rehash the debate about where the best place to start is or what career path within RE is the most promising. I just would like the community to layout their position and what they feel the pros and cons of their current situations are. Extremely eager to hear what the...

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+23
Effective LP oversight of GP

wso_4

For deals that aren't going exactly as planned, what's an LP to do? I'm curious if anyone has examples of when LP's have had a positive influence on the ultimate outcome of a project, even if they were just pref equity and didn't have much legal standing in the operating...

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+1
CRE underwriting consulting project- how much to charge?

Scott-Paulson

I was wondering if anyone could provide guidance on pricing a consulting project involving underwriting and packaging a portfolio of ground up CRE development projects. I need to provide pricing for a multi-project commercial portfolio encompassing: - Conducting all market research - Develop underwr...

3
+1
Sabal Capital

Brody92

Any opinions on them as a lender? from a borrower perspective or from an employee perspective. They seem like Ready Cap to me, a middle market lender that has three distinct loan programs- small balance agency, fixed rate cmbs alternative and bridge. Any feedback on them? ...

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+1
JPM Asset Management Analyst Opening

rerelosang

I applied for the job about two weeks ago and haven't heard anything. I came across the posting on LinkedIn. Does anyone have any insight into the hiring process? I know JPM typically hires students straight out of college. The job description states they're looking for someone with 0-1 years of ex...

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CRE Brokerage is it worth it?

CREnoob

Just looking for some up to date insights on working for a Commercial Real Estate Brokerage in Tenant Representation. Pay? What to expect in the first year? Stay away? ...

5
+3
Moving from Subsidiary to Parent REPE

BubbaBanker

Have the opportunity to join a specialized subsidiary shop of one of the larger REPEs (think BX, Brookfield, Carlyle, etc.) as an analyst. The subsidiary is very specialized imo, but I'm very interested in some of the other asset classes the parent invests in. Is it possible to jump from a subsidiar...

6
+1
Marcus and Millichap Training Materials

Jane-Log

Someone asked for these years ago, and then there was a flurry of activity, people gifting the material to each other. I am hoping some kind soul who benefited then would extend the favour to me. So, if you have M&M training materials and would like to share, please dm me. ...

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+3
Thoughts on Uconn

DudeAbides

Hey I’m going to be going into my freshman year of college at uconn. Just looking for some thoughts on Uconn at REPE/REIT type jobs and other commercial real estate jobs. Heard it’s pretty good school just looking to gauge some opinions on it....

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+2
Infrastructure to developer

thepyrocart

I have 2 years of experience in one of the largest construction company in the world. I have spent the past two years doing project finance in regards to huge multi-billion dollar infrastructure which will be used ubiquitously throughout the country by everyone. I am 24 years old, with a somewhat la...

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+5
Where is the money in real estate now?

CREInvestments98

As a rising senior who will be doing a summer internship at a one of the "big 4," I am trying to learn as much as I can about the industry. In the most blunt way possible, where do the people coming out of college make the most money in the NYC area? Is it investment sales, brokerage, cap markets at...

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+2
FA/ Acquisition Analyst Comp NYC

C.R.E. Shervin

Hey gang, I know there is a thread dedicated to this, but wanted to ask anyway. I got an offer to be a Financial Analyst that has heavy acquisition duties. What do you all think this position should make? I don't know the AUM, but they have maybe 100 properties and are a family office with multi...

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+1
When does 2020 Summer Acquisitions Analyst start recruiting

jwu0623

Freshman doing a summer intern at a REIB rn. I want to get an acquisitions role next summer. When do places start recruiting for 2020 summer?...

3
+29
Why not GSE lending? Stigmas?

ManyLeatherBoundBooks

I’m 2 years out of college and have been working in GSE underwriting and now production. I read on here a decent bit about people advising to avoid the GSE groups at banks/lenders if possible. Why is that? My office does pretty much all GSE but other offices in the firm do balance sheet, Mezz, cmb...

63
+3
Anyone have with Freddie SBL loans?

Doekim

I'm a doing a small personal deal and they were the most competitive. FM legal counsel called and the attorney said "I'm sending you loan docs...they're pretty much non-negotiable." I thought this was a bit strange and was wondering if anyone else has come across this loan product? Since the attorne...

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+8
Investing in Real Estate while working full time in banking

ForTheDream

Hi guys, I currently work in Trading but have always had an interest in investing my money in real estate, which I would like to start doing soon. As I am trying to decide between different strategies (buying and flipping, buying and renting, getting a mortgage, buying and then renting, etc.), I w...

26
+2
Best RE Development Modeling Course

commercialre

Hi all, I'm currently a broker doing mainly residential sales and slowly transitioning to the commercial side. Long term I want to make the move to development and wanted to start gaining a better skill set. I was curious if anyone had any recommendations on an Excel modeling course? Thank you in a...

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0
Reaching career goal - experience as Property Manager and Mortgage Broker

LevRes

Hi, I'd appreciate your thoughts about how to reach my career goal. In 7-8 years I'd like to open CRE private equity fund which invests in add-value properties. In order to learn this business I believe one should learn RE from the ground and thus, I've been working as a PM for about 2 years in NY...

4
+7
What is Your "System" to Complete Work in CRE?

jkl123

https://www.youtube.com/watch?v=RpUJfW4WTKw I was watching this excellent video where a Goldman MD talks about the skills necessary to work in a transaction-oriented role. At 8:53 in the video he mentions how important it is to have a system in place when completing work. At 12:10 he goes into a li...

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ffdd

Jaxxes-Parker

Big Names Coming To Music Midtown | Atlanta's Top News This WeekAtkins Park, Freddy's Custard, Karina Flunk Health Inspections Noodle, One Eared Stag, China Cafeteria, Subway also cited | Sushi Avenue | Longhorn | Saigon Cafe | Johnny's Hideaway | FROGS | Enzo...

0
+2
Fundrise IPO?

Skap13

Hi Monkeys, I'm thinking about investing in the Fundrise IPO. I've invested in the platform and so far it's been going well and I've received relatively consistent returns to my portfolio. I also think crowdfunding is super interesting and that the industry is getting wiser about it (re: the collap...

9
+6
Prestige of Angelo Gordon?

KDISABITCHHHHH

How prestigious is Angelo gordon on wall street? Are they considered a top player in real estate private equity? On the level of Blackstone?...

12
+1
Get online services for property management Edinburgh

lettingumega

With the use of the technology the online services for client is made possible. The landlords, tenants can access the services for book viewing, sign tenancies. Property management includes instant valuation of property, secure ID checks and signing. The lettings agent makes use of the mobile softwa...

1
+2
[Help!] Full Time at PERE Top20 or Internship MegaFund PERE Team

poohmonkey

Hi folks! Need little help here. Just graduated from an Ivy real estate program. Interned junior summer at a PERE top20 shop (US Firm, Asia team, AUM $50b+) in the Acquisitions team and got return offer. Now received an internship offer from a Megafund's (TPG/KKR/BX/Carlyle/Apollo) PERE team (China...

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+1
Commercial real estate investment sales - can someone take me through the entire process?

Patient Skeptic

Hi everyone, I am extremely interested in the CRE investment sales process (I am in NYC, so if we have any NYC brokers, what is different about the process here vs. other large MSAs). The nuances sound complicated (if you have never been a broker). I want to get to know as much about the entire...

14
+1
Property level preferred vs Fund level preferred

maineiac42

LPs, how do you approach negotiating a preferred return at the deal level relative to the preferred return at the fund level? Are you typically happy to break even or are you looking to earn a promote at the fund level based off a property level preferred? ...

1
+149
From Real Estate Finance to Founder of Development Company - AMA

subsix

I've been an observer on this site for a few years. In my mid-40s but use the site to keep current on how younger guys look at the business, career expectations, etc. Thought I'd do this AMA in order to pass on what I've learned (though it's your call as to how much you want to generalize from my ...

141
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IveyChimp

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0
What Is Building Inspection?

rachaelangelese

Have you received a letter from the IICRC , in which you are notified of the need to carry out the Building Inspection?...

4
+5
LaSalle Investment Management vs KKR Real Estate?

rankymonkey

Hi friends, Currently hesitating between these two shops. Hope to get some insights. For first job (post undergrad), which one is better? Got opportunities to work ft in both shops (one of their Asia offices) LaSalle definitely has a larger platform ($50b+ AUM) and better track record in Asia. Yet ...

10
+53
Real Estate Compensation Google Doc

CRE12345

*THE GOOGLE DOC IS GETTING TAMPERED WITH AND CHANGED* shouldve expected it. So I created a google form and the link is below. If you submitted your info on the excel just fill this out. It literally takes 2 seconds and then every night ill post the line by line entries https://docs.google.com/forms...

98
+11
Industrial Properties - What are the key things to know?

Temujiin

I haven't worked on many industrial deals so I'm hoping you all can help me really understand the basics. Some questions that I have are: 1. What ceiling heights are considered the best? What heights are used for different types of purposes? 2. What are the different types of industrial uses? ...

19
+33
Analyst Modeling Test

ChangedMyName

Figured I would give back to the community. I have a modeling test I was recently given for a debt/equity shop that I am happy to share. PM me and I will send it over. ...

117
+3
Mill Creek Residential

babybaboon

Typical WSO questions: comp, culture, prestige, exits. Was hit up for an interesting role with these guys but am not sure yet. Seems middle office fund management and hands-off-asset/portfolio management. Strategic sell/hold analysis though....

7
+1
German RETT new rule

EuropeRE

Hi all, Thank you in advance. Please can I ask some questions regarding the new German RETT rule for real estate share deals? Thank you very much...

1
+3
How can I start-up In Real estate

abbasrizvi918

Hi, Currently I am in my second year of civil engineering. I literally don't envision myself working from 9 to 5 for some company. I intend to be an entrepreneur. Any ideas how I can start-up in Real estate in context of civil engineering. By start-up I mean from zero. Not zero I can afford some st...

10
+1
Liquidity Constraint - sourcing deals

yoruba123

How do sponsors/developers with a sub $1M net-worth get deals done on the acquisition or development side of the business? Will be challenging to do a deal that is $20M due to liquidity constraint from a lender that requires a borrower to meet a certain liquidity profile. Would be great to know ho...

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+1
REGAL Real Estate Gambling & Lodging

X_Leke

I'm currently at a Real Estate Private Equity firm and saw a job posting at an investment bank focusing on REGAL or real estate gambling & lodging. Does anyone have any a) information such as website or material I could educate myself with, b) any pointers about the industry. Also, what are they loo...

1
+7
HFF Compensation vs JLL

realestatemonkeyyy

I have an analyst offer from both JLL and HFF. I was wondering which shop is better in terms of compensation at analyst level and future career growth? Which is more prestigious? More capital markets side....

12
+1
Goldman Sachs RMD - Residential Mortgage Asset Management

Dharkland

Hi guys, Does anyone have any information on Residential Mortgage Asset Management at GS and the trade analytics team in particular? Would appreciate any insight at all as there is an opportunity available, thank you!...

2
+1
Clarion Partners

Mickelsonstitties

What is the general identity for this group. Are they a equity group? investment manager? fund? Seems like they have a few flavors but mainly involved in acquisitions, management, credit and development capital? ...

1
+2
HUD Financing (221-d-4)

Ricky Rosay

Yo forum--have any of you guys used HUD financing for a construction loan? Trying to understand whether I can get it to work for an o-zone development deal I have. It's a long term hold so I am not concerned about the prepay penalties, but more so about documentation process, prevailing wage requir...

5
+18
Making The Jump - Construction Manager to Development

Dumpster Fire Yuppie

Hi All, I'm coming from a fairly technical background with about 3 years of experience; 1.5 years at a major GC and 1.5 as a CM in CapX for a multifamily and healthcare developer. I'm curious about approximately what % of my work overlaps with most DM scopes would be. I've got a pretty strong pro...

39
+2
MCR Development TWA Hotel

RE999

Hi all, I am currently working in a generalist role working across most commercial property types. I am pretty interested in Hotel though and would love to move to a more hospitality focused firm. I have been seeing/hearing good things about MCR development lately, seems like a very smart shop. Rec...

1
+1
WiredScore?

Skap13

Hi Monkeys, Anyone have experience working with WiredScore or interviewed with them? Any insights would be much appreciated. Thanks!...

2
+5
UC San Diego Rady MBA Or Columbia MSRED ? Thoughts?

116610LVB

Hello WSO, a few words regarding my background I have a B.A and an LL.B. Certified as a lawyer and have been working in big law for a few years, specializing in real estate. I'm 27 years old so time is of the essence. I'm looking to transition out of the legal world and I'm really confused as to whi...

10
+2
Subscription Credit Facility

1901Monkey

Our firm is looking into alternative ways to "draw capital" for deals and starting to do research into credit lines given based on committed contributions from LPs in the fund. Has anyone had experience with this approach? Also, have any LPs been reluctant to post their unfunded commitments as colla...

7
+17
Interview at CBRE and have to take test, advice?

jaanders

Hello, I have to take a test for an interview as a financial analyst at CBRE. Does anyone have any advice on what is asked in the test? It's a "real estate and finance" test, while I'm comfortable with both areas, this is a very broad description and I was hoping someone could help me narrow down w...

67
+3
Best MBA/MSRE Programs for REIB/REPE Jobs

CREguy

Wondering what MSRE/MBA programs have the best exit opps in the REIB/REPE spaces. And when I say REIB/REPE I am more curious to hear about placement into larger firms that crank out deals (on the REIB side)/have lots of capital to deploy (on the REPE side) than smaller boutiques. Obviously M7 MBA ...

7
+6
Which of the PERE 50 2017 hire out of undergrad?

Anonymous Monkey

[Link to article](https://www.perenews.com/pere-50/)...

32
+3
Real Estate Financial Modeling (REFM, ULI, etc)

JBR88

Hey everyone, I'm a rising college senior who just finished up a summer internship working at a REPE. I'd like to continue working toward a career in real estate so I was wondering if anyone had any insight on solid RE modeling classes. My mentor recommended a certificate at the Urban Land Instutu...

49
+3
Need help on salary re-negotiation

futureREmogul

Hey guys, need some help on a salary re-negotiation. Little background of the firm: Small firm, Persian family (think under 5 employees), deals under 10mm are usually just funded by the principal, but can syndicate for bigger deals without a problem. Family is related to a bunch of the other Persia...

7
+3
REPE or REIT Opps?

argusdell1297

Hi All, I just finished my junior year at a target state school (think UMICH, Cal Berkley, UVA) in their undergraduate business school. This summer I am interning with a well known repe/ development firm. If I could stay with this firm I would, but I want to make sure I am in the right location. I w...

1
+2
How to get from CRE to REPE?

Wolfofgeorgestreet

How difficult is it to move to REPE from a top tier CRE firm (JLL, CW etc). What is the optimal area to start in CRE to move to REPE? Any other general advice for the move? Thanks guys....

9
+3
Berkshire Group - Multifamily Investments

BHeflin

I was recently scheduled for a 1st round/HR screening interview for an analyst position with this shop. I have not been able to find out much about the firm (review wise) outside of what is on their website. Does anyone have any experience working for/with them? Thoughts on culture, deal flow, etc?...

6
+1
REPE and REIT Opportunities?

argusdell1297

Hi All, I just finished my junior year at a target state school (think UMICH, Cal Berkley, UVA) in their undergraduate business school. This summer I am interning with a well known repe/ development firm. If I could stay with this firm I would, but I want to make sure I am in the right location. I w...

1
+4
Project Finance/Infrastructure in DC

BubbaBanker

Other than Carlyle (not sure if their infra team sits out of DC), are there any other project finance lenders or infra sponsors with offices in the DC metro area, or this something that's largely limited to New York?...

23
+3
Moving Across CRE Asset Classes

PolishedLoafersNoSocks

Hey Everyone, I am look for advice on how to prepare to move from a niche asset class into other asset classes, but am worried that I need to clean up my modelling and valuation skills for the asset classes I have not practiced. Currently I work in Hotel Private Equity, but I would like to move int...

7
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+1
RE Private Equity Associate Compensation - Midwest

WSO_Midwest

I’m trying to gauge where I should start my negotiations but am having a difficult time since most comps are referencing NY/Chicago; however, I’m in a smaller market in the Midwest (not Chicago). What would you suggest base / bonus?...

1
+1
What market reports do you find useful to stay informed?

ctanalyst899

Looking to get a sense as to what market reports folks find useful and informative. A lot of the major CRE firms publish a wide array of reports every quarter. I know CBRE does their cap rate survey, for example. What are some reports that you find informative/valuable to stay knowledgeable on capit...

1
+1
Crow Holdings Capital - FT Timeline

deepsouthcre

Does anyone have any information on the timeline of FT recruitment for Crow? More so, if anyone has interviewed with them I'd appreciate some insight into their process. Thanks!...

4
+1
Is Preferred Equity/Debt Investing Looked Down Upon by Common Equity/JV Equity REPE Shops and Financial Sponsors

LReed

Can't delete this question but added to much personal info and don't feel all the detail is neccessary. ...

2
+1
Got an admit into NYU MSRE, Any advice for international students?

D.-Esso

I'm from Asia and I will go to New York City this fall. Will do Finance and Investment path for sure. Is it possible for an international student to do an internship while studying? Which Professor do you prefer? Good Elective Courses? Even tips for living in NYC? Anything you think you should have...

1
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+9
Georgetown Online Master's and Other Online Graduate Programs

SLCCRE

Well, it's now 2019 now and online graduate degrees are getting more diverse and accepted. What are your thoughts on the Georgetown "Master's in Real Estate" program? Do you believe this program is on par with online MRED programs? What it boils down to is that I am 5 years into my career at a Li...

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