Silver BananaTopicReplies
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Real Estate Generalist Exit OpsI work for a real estate focused family office and my job is incredibly diverse. I do everything from acquisitions, development, asset management, and even a little bit of property management. This is across industrial, office, multifamily, and retail product types. We even do some LP investments w...
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Mezz Debt vs. Traditional Debt FinancingAll, recently spoke to someone and they mentioned they were getting an uptick of interest adding mezz debt to their deals that might look a bit more attractive than the rising rates of traditional financing alternatives. What are you seeing in your particular markets/asset classes in regards to th...
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WF selling Eastdil Secured?Wells Fargo is considering the sale of Eastdil. The articled went on mention that it would only be the institutional investment sales group on the trading block. What are your thoughts?...
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Rent Concessions - Getting Credit at Closing?Curious how these types of credits are structured (same can be said for TI and LC credits). Assuming the owner just signed a major lease to bump up the occupancy and then wanted to sell. New tenant has commencement date 6-9 months down the road, but the TI and LC dollars as well as free rent (10 m...
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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?...
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CRE Noob looking for a place to start. I've recently decided that CRE is an area that I am interested in pursuing a career in, however having only recently discovered the industry I don't know what area I am most interested in. Having read about the various areas I'm interested in Acquisitions, Brokerage, REPE, and REITs. Any suggestions...
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Best RE Analyst ProgramsHi Monkeys, I am currently in a consulting practice with sector coverage real estate and alternative investments. The day to day is very far removed from the asset (developing concepts, IT strategy, etc.), and I am looking for hands on experience with deals. I am interested in real estate developm...
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Condo Experience Hey - currently developing a condo project model. Does anyone have experience building one? Main questions are: how many units are you typically expecting to sell per year? Or does it even work like that; are you looking at income at a more granular level (ie. units/month)? As you're winding the u...
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How Lettings Agents in Edinburgh Can Help Find a Perfect Flat Well, there are many who dream of having their own home in Edinburgh which is a city of peace, great architecture and beautiful landscapes but due to high-cost it remains merely a dream for them. Lettings agents in Edinburgh who bring about a huge number of options for flat, apartments and houses bu...
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Colliers International - Review - Real EstateFriendly people. You will be working with a senior broker 1 on 1, so there are opportunities to learn about the real estate quickly enough.. If your senior broker is really bad, it is really hard to learn a lot. Also, you are more likely to get an offer as an associate broker only if the senior brok...
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[Development] where does the real comp come from? What made you successful? I’m a 1st year Development analyst at a major REIT - about a month in and don’t have any prior formal re experience besides coursework and curiosity. I’ve got a few questions regarding how the career plays out. First off, I like the work - it’s interesting. I want to know what makes guy...
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Crow Holdings Capital - FT TimelineDoes 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!...
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CBRE - Review - Real EstateGreat firm, the acquisitions team is great to work with and the environment is pretty good. I hope to get a full time offer.. The work hours are very long and the compensation does not reflect the amount of work that is put in....
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How do you feel about the current state of CRE? Through the past few months after deciding I wanted to start my career in CRE, I've spoken with people in the industry and read a lot of insight on this forum, and it seems like every one loves what they do and have a positive outlook on the CRE business. However, yesterday my dad ran into someone h...
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Debt and Structured Finance Brokerage Exit OppsI am currently about 6 months into my first full-time role working as an analyst on a debt and structured finance brokerage team in a major metro area. The group has relatively robust deal flow and my day-to-day responsibilities include performing due diligence on potential transactions, as well as ...
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What are the amenities should be engaged in your gated community?When you visit any of the property builders and developers, they tend to have a big array of facilities. But what are the necessary [amenities](http://galleriaresidences.in/amenities/), which should not be missed out in the list?...
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Brookfield Property Group vs Brookfield Asset ManagementCan anyone speak intelligibly about the difference between the two? Specifically: Comp, Exit Ops, Deal Size, Product Type, etc. My understanding is one focuses on Public Markets and one focuses on Private Markets....
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Which Offer Should I Take? (Analyst at Valuation & Advisory Services VS. Capital Markets)Hi, I am a recent graduate from architecture, interested in real estate investment and development (PE, Project Financing, etc.) Fortunately, I got two junior position offers from the real estate service firms: Cushman & Wakefield, CBRE, JLL, Savills First one is **Capital Markets Analyst ** (Inv...
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What was your career path to land your current analyst position?Hey Guys, Is anyone willing to share their path to landing their current analyst position, specifically how they landed their first position requiring modeling experience? My background is in Big 4 audit (100% clients in the RE industry) and I am being held back by not having much modeling experien...
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Help! Is a managing partner supposed to be so... lethargic? What should I do?I've been working at a small fund dealing in Manhattan and Miami investments for 3 years, and I am constantly noticing how slow and ineffective the managing partner is at getting deals done. Now, I get a small salary, but most of my income is made from a bonus based on a percentage the deal flow, so...
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Colony Northstar Sucking Wind Anybody have some specific insight as to how and why Colony has gotten absolutely smushed post-merger? Their share value has declined over 60% and FFO is like 30% under prior estimates. Curious how they could miss the mark so widely and if there is anything to learn from their missteps. ...
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Waterfall Model?Does anyone have a good waterfall model that they can send me? Just looking for a basic multi-tiered (preferably IRR based) model w/ a pref & promote that I can mess around w/. I'm happy to trade if I have anything that you want. ...
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ShopCoreAnyone have any feedback on this company? I know it is affiliated with Blackstone. Curious if anyone has interviewed there? Is there an analyst test?...
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How to make an Excel DCF model dynamic based on the number of forecasted years?I'm currently interning at a real estate private equity firm and I have to build a model to analyse the DCF value of potential investments. My model is good, but different types of real estate do have different life spans. For every real estate property with a different life span I have to build a n...
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JV Promote QuestionHey everyone We are currently looking to structure our first JV for a MF development deal. There is some confusion in the office regarding structuring and modeling the promote. The question is, how long is the typical hold period for a deal like this? We typically look at deals as a 10 year hold. H...
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Does Anyone Have Any Knowledge of Realterm / Aeroterm? www. realterm dot com I was looking through job postings and saw a Capital Markets Associate job at the firm. Current AUM are $4B and it looks like they focus on Industrial assets, with an emphasis on properties on or adjacent to major airports. Does this seem like a niche firm or are they well-kno...
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Rent Stabilization - NYC MultifamilyAnyone familiar w/ NYC MF who could explain how this works? My group doesn't do much in NYC and I just got this deal sent to me a few hours ago. My understanding is that tenant's receive a right to renew and the LL can't re-lease at a rate that represents a percentage increase greater than that pr...
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REIT RecruitingI'm interested in working for a large hotel, office, or multifamily REIT and was wondering how the recruiting process functions compared to other industries. ...
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CBRE - Review - Equity Capital MarketsGood work life balance except for the busy parts of the year. You'll never stay too late working on packages, and the work load is manageable. . The work is fairly repetitive, and compensation for analysts is not necessarily tied to the performance of the group....
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Commercial Real Estate Transaction ProcessAre there are any valuable resources out there that detail the process of selling commercial real estate? I came across Stein & Fisher's "A Practical Guide to Commercial Real Estate Transactions", but am wondering if any of you can point me to other sources (preferably free or cheap)? Any help would...
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Trimont Real Estate Advisors - Interview - Asset ManagementWhat's a problem you've faced and how did you go about solving it? Tell me about yourself. What is your experience level with excel? Do you have any questions for us? Do you have any commercial real estate experience? Why are you interested in this job? How did you hear about this job opening? ...
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Bridge33Anyone on the West Coast here have any insight into Bridge33 out of Las Vegas/Seattle. They've been avtively buying shopping centers and now office around the country. ...
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Anyone with HFF work or interview experience?Just curious if anyone here was worked for or at least interviewed with HFF. I have an upcoming interview with them for an IS analyst role and am wondering if there is anything specific that they look for in candidates. ...
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Interview Prep - Underwriting AnalystI have an upcoming interview for an Debt Side Underwriting Analyst. The job is for a recent grad, which I am, but I do not have any experience on the debt side. How should I prepare?...
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Looking for experiences changing asset types. Currently in multifamily REPEDoes anyone have any personal anecdotes about moving on from multifamily acquisitions, specifically REPE? I work in acquisitions (+ some asset mgmt) for an owner/operator with $10B+ AUM. First job out of undergrad. Multifamily is great and I enjoy what I do, but part of me has an itch to try someth...
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JV Partnership - Waterfall ConfussionHi All, I've been asked, as part of an interview test, to comprise a 3 tier equity waterfall model. Not a problem generally. Except in this test the interviewer has asked me to structure the promotes through a mix of BOTH EM and IRR. For example; Hurdle 1 = 12% IRR with 10% profit share (initial ...
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How do I prepare for a RE Capital Markets interview?Greetings all, I was just wondering how I would go about preparing for a capital markets interview for a multi-family development firm. What kind of questions do you think they will ask? What kind of questions should I be asking? What kind of preliminary information should I be aware of/exposed t...
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Debt/Equity Placement Analyst Test?Hi all, I have an interview coming up with HFF/JLL/Eastdil, and it seems there’s an Excel Analyst test that follows. Can someone please provide feedback on what I can expect in the test for a debt/equity placement role? I know some people have offered sharing a similar test in other forums, but ...
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Marcus Millichap EnvironmentWhat is the environment like at Marcus Millichap. How successful can you be? What is the platform like? Is it possible for first year brokers to be very successful. 200k+?...
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Underwriting Roof & StructureAny of you NNN guys know how I should be underwriting roof & structure on a NN lease? I’d assume it’s fairly minimal on new construction....
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Costa-Hawkins Repeal (California)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....
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Appraisers - What is the pay scheme?I am a summer intern at a well-known CRE firm in a large city in Canada. Being a finance major I am looking at the appraisal/ valuation side of the business, and am curious about the process in which you get paid in comparison to the brokerage side of the business. I constantly hear the salary + co...
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Starwood Capital Group Capital Markets SA..........................................................................................................................
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Yearly global transactions commercial RE total?Does anyone know the yearly global commercial RE transaction totals? I am looking to invest in some RE tech and I was wondering what the globla transaction totals are. Don't need an exact number just need to make sure I have the ball park right. Anyone have any sort of data on this?...
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Cumming CorporationHey everyone, I really appreciate the great info on this forum. I'm looking at an opportunity to be a Project Engineer/ Coordinator at Cumming Corporation in a major market (LA/SD.. my name pretty much narrowed that down). For reference I am currently an Undergrad Student and my end goal is Develo...
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Career Info - Multifamily Asset ManagementI'm interested in learning more about a career move to **multifamily **asset management. I've tried to search but haven't found much on this website. Curious about: * Life on the job * Compensation (I checked out CEL Associates Report but it is difficult to decipher. For example, Top Multif...
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WSO NYC Commercial Real Estate Happy Hour/Meet UpI think RE Monkey spear headed a happy hour/meet up in the past so I just wanted to gauge peoples interest. Please respond if you would be interested in something late August/early September....
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Working in the US - Commercial Real EstateHi everybody, Particularly keen on moving to the US to work in real estate finance. Currently working in LDN and c. 3 years experience in the field. What would you recommend in terms of recruiters/firms and which of those favor European backgrounds? Many thanks!...
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TD Bank - Review - Real EstateLean Shop means you can get solid learning experience in a short period of time. Within a few months, you will be able to prepare asset summary reports, be comfortable with underwriting at least on a basic level. . The pro of the bank being a lean and small shop also has downsides. If your strictly ...
CIBC World Markets - Review - Real EstateGood work life balance, strong pay vs comps, strong deal flow, intellectual coworkers. Great benefits . Not as many resources as some of the larger BB or American banks. Not sure if there is strong horizontal movement...
Eastdil Secured - Review - Investment BankingGreat place to grow and learn. Will give you great exit opportunities if you deem those to be necessary.. No negatives- just have to work hard, like any other finance company. Nothing different here in that regard....
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Question Regarding Raising 2 million for first development with 8 already pledged - Ontario, CanadaHello 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...
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3 Statement Modeling for Portfolio ModelingDoes anyone have experience doing fund/portfolio level models with acquisitions, dispositions, deal cashflows, management fees, ect.. I am working on a financial model that simulates an investment fund with multiple acquisitions and periodic entry/exit of investors once per quarter. I am just wond...
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International Transition with only Domestic Experience?Has anyone made (or looked into making) the transition from a domestic RE firm to an international one? I'm located in a non-NY market in the US and would love the opportunity to spend some time abroad (preferably London). Is it feasible to make this switch without already having experience investin...
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Brookfield Property Investments RoleAnyone know the difference between Brookfield Property Partners and Brookfield Property Group if there is one? This is the RE investment arm of BAM from what I understand. Is this BAM’s megafund PERE Group that is currently #2 on the PERE50? What is culture/hours like here for investments personn...
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Real Estate Consulting/Advisory..what the hell is RE ConsultingSo I've run into a couple of these shops, and have no idea what real estate consulting is. I know advisory is a circular way to say brokerage, but what other value add would it merit to call yourself advisory instead of brokerage, or consulting instead of anything else?...
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Why/how did you end up in the type of real estate you're in?First thread! Undergrad looking to get into real estate here. There are so many different kinds of real estate--retail, multifamily, industrial, hotel, office, etc. All of these types can be vastly different in terms of how they function, how they're analyzed/valued, basically everything minus the l...
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CAIA Study MaterialI have a question. I recently took the CAIA exam and have a lot of leftover material/study guides/powerpoints that I paid good money for. I am wondering if I bundled all my files if people would be interested in purchasing them. Thinking ~$40 for it all, compared to the hundreds and sometime thous...
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Career in Timberland / Forestland FundI came across an opportunity to work for Timberland Fund (1-5b USD) and would like some feedback and perspective on what a career in this field would look like. I would work in a position closer to the investment management rather than the deal/execution team. I tried searching for relevant infor...
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West coast REPEHey guys, first time poster. I'm currently an undergrad student on the west coast and am considering repe as a career. Is anyone in the community familiar with repe debt funds in LA, San Fran or Seattle...
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Should I be worriedI saw a job posting seeking May 2018 grads (which I am) at CBRE/JLL/C&W last Monday (7/9) and applied. I got a call the next day saying they want to schedule a phone interview. Have the phone interview and it went great, so much so that they quoted me compensation and gave me a date that I would be...
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Real Estate Investment Analyst Interview - Intelligent QuestionsHi Everyone, I'm interviewing at a commercial real estate firm soon and was given the advice to ask questions about their capital partners (they work with a lot of pension funds). However, I can't think of any intelligent questions to ask. Any help you could offer would be fantastic. Thanks....
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Your worst work experiences Curious to hear some of your stories with firms in your career in the RE industry. I'm sure a lot of you had worked at small firms where it might have been a cluster fuck or you got hoodwinked into a position that wasn't what you thought it was....
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Help Needed - got a new offerHello, I've recently received an offer from a small REIT. Given the team is small, this role will be covering basically everything - UW, AM, due diligence, reporting, etc. The comp isn't ideal - about 20k less than my current role. I am currently working in Big4 valuation. I have been actively l...
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Development Analyst Exit Ops - When Should I Begin Looking - Where are my most likely exits?Development Analyst at a REIT I have been on the job 1 month now, but ideally I'd love to go REPE and do more investment related work as well as see a bigger paycheck. All in, first year, I will make $80K, what can I expect as a 2nd year either here at the REIT, or at another firm?...
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Real Estate Finance Certificate..waste of money?First off, not expecting a certificate to be a miracle worker..just trying to get some advanced learning and show some initiative on my resume. Also, the certificate I am looking it, you can transfer credits if you decide to do the Masters or can transfer to possibly another school in area. Just tr...
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Dwight CapitalWhat do people know about Dwight Capital? As in more info about the firm, interview process, office environment as well as exit opps from a company like that. Any relevant info would be very appreciated....
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Equity Structures Hey Guys, Just Looking to learn about various equity structures in Real Estate. Besides equity waterfalls are there any other equity structures you see come across your desk often on the Acquisition or Development side? Whether it be PE or not. Just looking to learn. Thanks. ...
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Real estate guidance as an undergrad I’m currently in undergrad and I am interested in real estate. Do any of you have recommendations on different resources I can use to learn more about the real estate industry? I know this is really broad, but I feel like there are so many different paths (development, brokerage, REIT, etc.) that ...
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Post-MBA positionsWhat kind of positions/seniority can an MBA grad expect in REPE? Ignore the lack of consistency among titles in real estate. What kinds of roles/responsibilities become available (esp. those that recruit on campus or favor MBAs) Assuming you have analyst-level acquisitions experience, would the MBA...
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Development Analyst Exit Ops - When Should I Begin Looking?Development Analyst at a REIT I have been on the job 1 month now, but ideally I'd love to go REPE and do more investment related work as well as see a bigger paycheck. All in, first year, I will make $80K, what can I expect as a 2nd year either here at the REIT, or at another firm?...
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Fannie Mae - Interview - Real EstateMost of the interview questions revolved around fit and whether I would be able to work well with the team. Some of the questions were, how do you deal with people who either not sending you the right information on purpose or they don't know how to send the right information in the first place? Ano...
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Summer Internship/Analyst 2019 Questions 1. When does recruitment begin? I have seen a few threads lately of people talking about upcoming interviews for Summer 2019 positions. Isn't it a bit early? I thought only IB recruited this far out. 2. If I start sending my resume out now, is it appropriate to list a relevant course I have not ta...
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REVPAR International: HOSPITALITY ADVISORY & ASSET MANAGEMENTAnybody ever heard of them? Seems like an interesting company performing within the hotel space. Can't find anything on Glassdoor or any other site like that...per LinkedIn, couple people went from REVPAR to some big flags in Feasibility/AM etc. http://www.revparintl.com/index.html Typical questi...
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Received an offer, need help decidingI received an offer at a small residential/multifamily development/acquisitions company but have to decide between that and 2 other companies. One of the other companies is a multifamily asset management role at a small company and the other is a senior living asset management role at a fairly lar...
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How to convey knowledge and interest in real estate on resume?I have been applying for analyst jobs since March since I graduated in May and have only gotten 1 interview out of 100+ applications. I think part of the issue is my only internship ended up being more administrative assistant/property management instead of analyst like I was originally told. I did ...
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Market Research ReportSo I am doing a market research report for a specific neighborhood in the Bronx for my job. The only paid resource I have access to is CoStar. 1. What info should I be putting on this report/ Where should I be getting this info from? All advice is very appreciated. ...
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Resume Critique for Senior Who Really Wants to Break Into Real Estate?I'm finishing up my summer internship and I need to start preparing myself for fall internships at any RE firms. Can you guys critique my resume and be brutally honest on what I would need to improve on ? imgur(.)com/gallery/ayyeBgG Also, any recommendations for companies that I should be aiming ...
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MBA Programs for Real Estate To all Real Estate Finance professionals out there. I am applying to B-School next year and would like to concentrate in RE. Would you agree these following MBA's have the strongest RE programs with strong RE recruitment for IBRE and REPE? 1, Wharton 2. Columbia 3. NYU - Stern 4. Northwestern - Ke...
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PwC PricewaterhouseCoopers - Review - IndustrialsFlexibility. Fruitful and great learning experience. A amazing place where you can build up your career.. Underpaid. Repeative sometime. Your work experience is entirely depend on who you work with/for. Meaningless stressfulness (the nature of the business)...
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How to Convince My Boss to Include Excel Modeling Into the Job?What's up everyone, first time post here. So to summarize, I currently work at a large real estate firm and work as an analyst in their multifamily department. My job mainly entails managing a large portfolio of mortgage loans and monitoring/reporting their operating statistics, as well as analyzi...
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Jones Lang LaSalle - Interview - Real EstateTo be honest there weren't any difficult or unexpected questions that they asked me. I was probably overly prepared for the phone interview with the managing director for brokerage in the entire state but he didn't ask any questions that deviated from your normal behavioral stuff like why real estat...
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Houston Private Equity Real Estate Firms Currently working at a family office PERE firm in Austin, Texas - interested in jumping to Houston for a number of reasons. Wanted to start doing some diligence on private equity real estate firms in Houston. Any ideas of shops in town? A couple that come to mind are Hines (investment arm), Lions...
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Open RE Apps?Besides CBRE and Jll, what are some other RE Firms (both PE, consulting and larger shops) have summer apps open for 2019?...
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CBRE - Review - Debt Capital Markets-Reasonable work life balance (for the most part) - Lots of responsibility - Varied deal structure / asset classes . - Bureaucratic - Lack of communication about what is expected from seniors at times - No formal training process ...

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