Silver BananaTopicReplies
+1
Is anyone a CMBS credit analyst at a hedge fund or work at a real estate debt fund?

supman7

Hi, If anyone works as a CMBS credit analyst at a hedge fund or work at a real estate debt fund, could you please PM me? For example, if you work at LNR, Axonic, Taconic, Blackstone, etc. Thanks much....

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+2
Real Estate Finance Course work

rebizz

I am wondering if anyone knows which organization would offer the best real estate finance course? I am looking at the ULI, NAIOP, and CCIM? ...

19
+2
Acquisition/Debt Fund - Modelling

bukos

Hello everyone, I will be an inten at a major debt fund in Europe in January. I have some free time at school and I am trying to improve my modelling skills! Does someone have some modelling example for debt funds are more broadly for acquisitions (I already have the one from M&I and adventure in ...

4
+6
Need advice on asking for promotion

Optimus_Subprime

Had good input. Thx............... ... .......... . ...................................

14
+2
Brookfield Public Securities Group

41seaguls

I have an upcoming interview for a summer internship position with Brookfield's Public Securities Group. I'm wondering if anyone has insight/experiences they can share about the group (literally anything you can share). Also curious if anyone has gone through this interviewing process before and ca...

3
+5
Institutional RE

NYYCRE

Question for others on the institutional side of RE.. Does it ever feel like “not” RE to you? If that makes any sense. I often feel it’s a lot less entrepreneurial than development or working on smaller properties. Your basically thinking as the property as an entity which sometimes feels lik...

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+7
CBRE Launches Coworking Management Platform - Goodnight WeWork

Trunk Yeti

["The new business, called Hana, will not lease space directly, but will work with property owners and will design, build and operate flexible office space for them. It will make money through revenue and profit-sharing agreements with landlords."](https://www.bisnow.com/national/news/office/cbre-ta...

47
+5
Getting into Commercial Real Estate

Kadmus

I am currently an accounting major and will graduate next year. I am planning on getting a Masters of Finance which has multiple courses on various real estate topics. I was wondering what is the best way to get in with a RE firm?...

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+2
Financial analyst RE or commercial/corporate lending?

MCPO56

So I'm currently an intern in acquisitions and asset management at an REPE firm with around $500m in assets. Unfortunately, they're not going to have any space to hire me at the end of this semester when I graduate. I have an opportunity to be a financial analyst at a large property management firm,...

2
+4
Ground Up Development Case Study for interview

futureREmogul

So I was given a ground up development case study as a take home assignment for the last round of my interview with a smaller developer. The point of this exercise is to see my "ability to create a coherent, nice looking presentation of a model that is simple to read, functions correctly (given the ...

6
+1
Valuation>Leasing/Tenant Rep

dax12345

I am currently working in Valuation at a (CBRE/JLL/C&W) and looking to transfer within the company to the leasing/tenant rep side of the business. I am planning on taking some REFM courses and was wondering if any one had any additional recommendations on how to prepare for networking/interviews? I ...

2
+11
1st year analyst - how to prepare for 1st year end review this year?

RERobert

**1st Year Analyst (started in June) after UG** How should I prepare for the year end review that will happen in December? It goes without saying, obviously I’ll keep doing what I’m doing, working hard, learning, and improving my skill set. I understand it’s several weeks out, but on that...

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+3
Anyone know anything about Marcus & Millichap Venture Associate Program?

greekmyth

It's a rotational program for recent MBA's in acquisitions, asset management, developments. Has anyone heard anything about it or know someone whose been through it? Thanks....

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+1
JV Relationships and Financial Models

NonRecourseLandLoan

To those at capital allocator LP’s - do you share your financial models with your operating partners? I’m at a GP where we usually put up 10-15% of the equity and I’ve run into two scenarios: (1) total transparency where we shoot our models back and forth - usually on the development deals a...

4
+1
RealtyShares’ downfall shows perils of crowdfunding

VolatilitySmile

Real estate crowdfunding company RealtyShares is set to lay off the vast majority of its staff and faces an uncertain future following a failed attempt to secure more funding. The startup has raised more than $63 million from venture capital players like Union Square Ventures, Cross Creek, Hone Cap...

1
+4
Underwriting Commercial Real Estate Loans

N0DuckingWay

Hello, I'm starting a new job where my first project will involve risk modeling for commercial real estate loans. What do those of you in the business look at when you underwrite these things, and why? What are the major risks to consider? Thanks!...

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+1
Temp to Hire

TheTankF

I'm working part-time on a database project with a brokerage I once interned with. It should take a couple months. How can I turn this into a full-time offer with a growing team? ...

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+6
Institutional Self Storage

bd.charlus

I am currently looking at capitalizing a portfolio of newly-constructed self storage properties in the Southeast US with a major institutional sponsor. This is the first self storage deal my firm has seriously looked at, and while we trust the expertise of the sponsor, we want to be able to stress t...

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+1
What to consider before you buy to-let in Edinburgh?

lettingumega

Being a residential landlord myself, I can say that investing in buy-to-let property Edinburgh is quite a rewarding experience. Moreover, it is an attractive investment option against other asset classes. However, you need to consider the following things before you buy-to-let in Edinburgh: ![real e...

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Best Practices & Pet Peeves | Relationship between CRE Broker & Acquisitions/Dispositions

NivethCRE

Hello, Relatively new to WSO here. I am a second-year IS associate at one of the top 3 CRE brokerage firms in a secondary market. I came into the role not having a finance or RE background (aside from a RE license), but have worked my way up from marketing coordinator my first year, to a quasi-role...

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+21
RE / REPE - What is your typical day to day like?

jtl1002

I thought it would be cool if guys here can give their "day in the life" from 9am to whenever of a typical day for them at their current role/company. I think it would be great for inexperienced guys like myself to see what is like formguys here from development to brokerage to REPE do on a daily b...

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+1
Property management responsibilities vs property employees employed by the owner

dinoRE

i should probably know this but what exactly are the property management firms responsibilities vs the property's employees? lets say that i have a property that is paying a property mgmt firm their 3% but on the op statement i the owner am also paying the payroll and benefits for the property level...

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+3
Bloomberg published detailed stats on real estate MBA hiring

5 million

The number of graduates working in real estate post-MBA and compensation. Full article................................................ ...

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Difference between 'Real estate analyst' and 'Investment advisory analyst' at HFF?

press107

Does anyone know the difference between a 'real estate analyst' and an 'investment advisory analyst' at HFF? Tried to find info online but couldn't find anything. The only thing that comes to mind is that the Investment advisory team may be the investment sales team at HFF, and the real estate anal...

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+1
2018 South Sound Real Estate for tata housing mumbai

expressbags.in_1

Tata housing Mumbai one of the best places to invest and buy the property in Mumbai is the best investment for the feature. weplanithk Dot com ...

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+1
Forum Topic Title

CaliguyRE

This post has been deleted. Now I will continue to type things until the content minimum is up... ok...

1
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Student - Networking but at a roadblock

goQuinn

I am a current undergrad looking for employment in CRE. Have been cold calling and sending resumes/emails to VP/EVP, MD and Recruiting Managers at larger CRE firms. The calls seem to go well but being that I graduate in May, I feel like there is a disconnect for getting an interview when they send i...

4
+2
Timeline after getting an offer

futureREmogul

I have been recently interviewing with a few real estate companies in various aspects (debt/equity brokerages, private investment firm, development firm). All of these companies are on the smaller, flexible side and if I am to get an offer from one of these companies, and still want to explore the...

10
+1
Career Path: From Family Office + Advisory to Where?

lottelottelotte

Throwing this here because at my wit's end. I work at a FO analysing early stage deals and raising funds for approved projects. We are sector agnostic so I am spread too thin over too many industries. I want to focus on one thing - either (1) real estate or (2) private banking. How do I choose whic...

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+5
Duties of Analyst vs Associate

Optimus_Subprime

Currently in analyst role and about 50% of my time is spent building/running Excel models. I am a good Excel monkey but....at what level is that reduced or eliminated? I am getting pulled into more development work which seems model heavy, but hoping to contribute on a higher level....

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+6
Rules of the office?

Anonymous Monkey

Can someone provide some general rules of the office? I am at my first full time gig. I find it hard to find balance between being a prick and not saying anything and getting too comfortable with my colleagues. I also find it hard to fit in. I didn’t want to be over the top initially and come ...

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+1
REIT vs REPE?

EssGee

Hey I'm a senior in undergrad and I have 2 RE offers, one from a Top 50 REPE and one from a very large REIT (Top 10 in AUM in the US). Both positions are for Acquisitions/Investments and in NYC. Anybody with more experience have thoughts on which would be a better role and lead to better long-term ...

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+1
Full time offer - midway through bachelor

Alhummer

So, I’m doing an internship at a CRE company in Stockholm, Sweden. I’m half way through my bachelor and I just got an offer from where I’m doing my internship. Full time (probably more since the properties were just acquired), manage 10 properties – 14 buildings (Logistic spaces, industrial...

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+3
Freddie Mac Multifamily Superday

ab1450

Just got sent the agenda for Freddie Mac's Multifamily "Freddie Day". Anyone have any advice/any idea what the interview process will be like? Thanks in advance. ...

17
+3
Colony Capital Summer Analyst

41seaguls

Recently received second-round interview with Colony Capital in LA. Curious if anyone can provide any insight on the firm or anything at all. If you know more about their summer internship program that would be great as well. Thanks....

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+2
Development costs to Assessed Values

BirdoInBoston

Anyone have a halfway decent rule of thumb to estimate assessed values from development costs? A few projects I've worked on the assessed values have come in all over the map -- as low as 50 to as high as 80%. Trying to get a sense of what's "reasonable" and "typical" as I'm working on a project th...

5
+17
Moron Manager!! What to do???!

Mike-Bozzuto

Would kindly appreciate your feedback. I recently joined a boutique real estate firm after 4 years on the debt site to do acquisitions and development. it's a small shop with three principals, an acquisitions manager (aka moron from hell) and me as acquisitions associate. Here is the problem, t...

39
+3
Career Outlook - FP&A at a Major REIT

bberg

I recently just landed my first job out of college at a major REIT (200b+ AUM). I interviewed for several different positions there, but the interview that I performed the best was for a Financial Analyst Role that focuses mainly on FP&A - (budgeting and monthly forecasting process for revenue and e...

6
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FP&A at REIT

dcremonkey

Anyone have any insight on FP&A at a REIT? Exit ops/pay/exposure/interesting work? The specific roles I’ve seen are general analysis support for AM/acq/budgeting/development...

3
+5
CRE Stepping Stones

Anonymous Monkey

Looking to get some insight into a potential strategies for a career path in CRE. I'll start with the end goal first: Start my own shop and own/acquire a portfolio of CRE across asset classes. Nothing more specific at this point but bottom line is I eventually want to run my own show. I'm currentl...

15
+2
How important is your network?

MogulInTraining

Is it stupid of me to want to move to NYC right after college to get some work experience and the “experience” of living in a big city when I know I will want to move out of there in 5-7 years? I can’t see that lifestyle being a long term thing, but I definitely will feel like I missed out if ...

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+1
NYC Rent Stabilized Multi-family Acquisition Price

Fedha

How would value a NYC MF property with 36 units where 30 units are being delivered vacant (purposely, to allow buyer to renovate), and the remaining 6 are rent stabilized? Are cap rates/property values impacted from the upside potential of bringing rent stabilized units to market? You purchase a pro...

3
+10
Would you ever consider working in Residential Development?

press107

Something that isn't discussed as much on this forum is Residential Development. I am curious as to see if any of you guys would ever consider taking a job in this field? Knowing what you know now would you tell your younger self to consider going this route? Think for a major company such as KB hom...

54
+5
How do I go from the Big 4 to PERE?

Tefenomics

I’m an auditor in London who is about to qualify and I want to move into a PERE role. I understand that audit has limited relevance to PE as a general rule, so I’ve looked at internal roles at my current employer that I can transition across to in our Deal Advisory function- Corporate Finance, T...

13
+6
2019 RE Internship/SA Thread

bottles_n_models

Hi guys, I know this has been generally discussed and that most major RE companies don't stick to a set recruitment cycle as an industry like IB does. My interests in RE lie mostly in debt/equity capital markets and currently looking at shops like HFF/Eastdil/JLL etc for next summer (two years lef...

13
+4
CAIA Study Material

ISellMoney

I 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...

34
+2
Compensation Meaning

futureREmogul

Currently interviewing for a job, and haven't come to the conversation about what the salary is but on the job posting it is listed as " Highly competitive and progressive commission structure" What does this exactly mean? Base plus commission? Or just commission?...

7
+6
Investment sales Training Materials

InvestmentSalesBroker

Does anyone have PDF copies of Marcus & millichap training materials? Or any other material on investment sales? Or can you point me to any sales training materials that would be helpful?training for both private capital and institutional sales would be great. Nothing in the marketplace seems to be ...

80
+1
RE investing for non-accredited investors

LifeCoMoney

As most of us know, the vast majority of real estate investments require the investors to be accredited investors ($1MM NW or $200,000 AHI for past 3 years). That's obviously tough for the younger people in the industry that don't work for a developer who would give carry or something similar. What ...

1
+1
Wells Fargos 2019 Financial Analyst Program denied

kroo-CRE

Has anyone heard back from their superday saying that they didn't get the job? If you have heard back and did get the job, did you get an email or phone call?...

2
+3
Research Analyst Compensation

futureREmogul

What is the typical compensation for a research analyst in a specific asset for a big brokerage (Think JLL/CBRE/Cushman/Newmark)?...

20
+1
Equity VS Debt Funds (Lender)

zerojb34

excuse my ignorance as this isn’t really my specialty. If one were looking at a lending opportunity against an equity REIT with moderate leverage or a debt REIT with high leverage, how do you evaluate? I’m getting hung up on the embedded and credit facility leverage at the debt fund level. Sur...

1
+5
Analyst Question

CryptoEnthusiast

Analyst at a development firm here. Just wondering, do a lot of analyst positions in real estate PE, development, and investments require a lot of cold calling and comp gathering? I am doing some underwriting as well, but I am also calling and checking on sales at various comps quite a bit. Is this ...

24
+7
Investment Sales or REPE?

meridian_blue

Hi All, I'm at a bit of a crossroads. My long-term goal is to work my way up at a top-tier PERE50 firm (something along the lines of Carlyle, Starwood, or Brookfield) and am wondering which of these 2 offers would give me the best prospect at breaking in. **Option 1** is to take a position as an In...

53
+3
When will automation come for CRE?

cdnbig5

When do you guys think automation will come for REPE, REIB, REIT, CRE Development and CRE brokerage jobs? Are they at a higher or lower risk of automation compared to other jobs? ...

11
+1
Dream Unlimited Canada?

dbcr98989

anybody knows anything about Dream Unlimited Canada? reputation, comps, exit opss. anything is appreciated. Thanks!...

4
+4
Anybody here use Fuel CRE or Assess RE as Argus Alternatives?

Brody92

Fuel CRE- http://www.fuelcre.com/ Assess RE-https://www.assessre.com/ Any feedback, thoughts? Appreciate it. ...

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+2
Wells Fargo Summer Financial Analyst CRE Division 2019

Cali-CRE

Hey has anyone heard back with an offer? Just finished up super day last week and am still waiting to hear. If you did receive an offer, how long after your super day did you get it? Thanks!...

15
+2
RXR Realty

jtl1002

I have heard of them before and they are pretty well known institutional shop with quality assets. Does anyone know anything about culture/comp/etc? I have heard mixed things and their Glassdoor is pretty brutal....

7
+6
Opportunity Zone Rules Released

The Duke of Wall Street

If anyone has a few hours and is interested in reading the new rules. https://www.irs.gov/pub/irs-drop/reg-115420-18.pdf?mod=article_inline https://www.wsj.com/articles/new-opportunity-zone-tax-break-rules-offer-flexibility-to-developers-1539948600...

17
+3
Dream Unlimited Toronto Canada?

dbcr98989

anybody knows anything about Dream Unlimited in Toronto, Canada. Specifically for their strategic finance team. What's the interview process like, comps, exit opps and etc? Thanks. New to real estate....

3
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+1
Socal Hotel Cost Comparables (full-service)

Merchant_of_Debt

Has anyone worked on any full-service hotel development projects in Socal in the last 3-6 months? Looking to put together a cost comparables table in a financing memo to help justify our costs - please let me know. Thanks. ...

1
+4
Track Record in Real Estate

futureREmogul

At lot of times in many areas in real estate whether it be a principle firm, brokerage, debt agency etc., the decision of using your service comes down to looking at your record? As a young person in the industry, how do you get that track record?...

8
+2
Commercial Real Estate Capital Markets Analyst-Compensation

Gordon_C

At a private equity style Commercial Real Estate debt fund. Business: CRE bridge lending and CMBS B piece investment. As a Capital Markets (Quantitative) Analyst, I do modeling to study fund level (both bridge lending and CMBS B piece investment) returns, various forms financing (CLO, Repo, CLO, PE...

13
+1
CMBS Bond Trading - indexed to various curves

Gordon_C

Hi All, I worked on CMBS investment, although it's not my major functions. I got really interested in CMBS bond trading. I do support my boss in bond trading when he or the broker we hired to do a BWIC, like getting Price/Yield numbers from Trepp. (I don't have Bloomberg, btw.) What I wanna ask her...

2
0
Cerberus RE

NealCaffrey

Based on the non-RE forums, it appears that Cerberus has a pretty tough culture and terrible hours. Does anyone know if this is true for the RE group or if it is any different?...

5
+3
Moving to Real Estate Investment firms (MBA vs MSRE)

crow8308

I'm trying to move to Real Estate Investment industry from FICC trader. (I'm currently working as a trader in FICC of a well-known US bank, and I'm a VP and 33 yrs old.) I know they are totally different industries and different skillsets are needed to move, but I really want to break into real est...

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+1
Allianz RE analyst interview

micheal 345

Hello everyone, any ideas on how does a modelling test look like at Allianz RE? Any info much appreciated!...

1
+1
Entry-Level Job or Masters From NYU?

gpaone97

Hi Guys, I will be graduating from Rutgers University this December and want to pursue a career in real estate development, particularly in New York City. Although I have pretty decent experience in real estate sales and development while I was in college, I am finding it hard to get traction on po...

3
+2
Morgan Stanley Real Estate Investing (MSREI)

ConfusedRE

Anyone have experience with modeling tests for analyst/associate position here? They mentioned it would take 4-5 hours in total. Not sure what that would entail....

20
+58
Why do so few go into Real Estate?

Bankerstreet

Theres no statistical evidence for this but, why is real estate second to most other financial services jobs? Most people in business school are primarily looking for IB, consulting, AM or corporate roles. And even on employment reports of many top b-schools, real estate is rarely even listed, altho...

166
+26
Excel Formulas you use constantly on the job?

greekmyth

Was wondering what formulas most of you are using on the job? Thanks. I have excel tests that I will have to do for some final round interviews so was wondering if there are any recommended websites to practice....

91
+26
Amazon HQ2 Location

JBUCHAN

Alright 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...

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Duff & Phelps Real Estate Advisory

JW199619

Can anyone tell me more about the starting salary and exit ops for an analyst with the real estate advisory group in a secondary market? Would really appreciate it. ...

5
+24
What percentage of your after tax income is devoted to housing?

REPE8

There is an age old adage that your monthly housing expense should never be above 30% of your after tax income that I think is completely irrelevant in today's rental and housing market. I'm curious to see what the average renter's/home owner's monthly expense including everything (HOA, utilities, ...

111
+11
Why are you buying?

yayaa

For anyone either working at a RE company (REPE, Family office, REIT, small shop) or even buying for yourself, what specific factors convince your investment committee to buy properties in today's environment? How do you make money in the 9th inning of even extra innings of a cycle? When the acqui...

32
+1
Origination Folks- Do you do targeted marketing?

Brody92

As a newer production analyst, one of my jobs is to assist with origination efforts. As I am on the CMBS side of the business and majority of our business comes from brokers, I wanted to target specific and relevant brokers. Using data from the MBA, I built a database of top brokers broken down by ...

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+1
PROP 10 DEFEATED IN CALIFORNIA

episeph

A great day for any firm with properties (esp multifamily) in CA. It’s been a scary few months, but as the day drew closer it seemed like a Yes was becoming more and more unlikely. Assuming we’ll see prices and activity bounce back up to normal soon....

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