Acqiusitions -first round interview
I am interviewing for an RE Acquisitions analyst role at a shop that invests across every asset classes but the role would be working with MF and hotels along with a decent amount of development work. What should I expect on the first round interview with someone pretty senior at the company / will I be expected to do a modeling test the first round? I have some experience modeling MF but know nothing about hotels...will they expect me to. Any tips greatly appreciated.
Not directly answering your question, but there are good videos about modeling hotels on Adventures in CRE. Know these terms: RevPAR, ADR, STR Report (pronounced “Star Report”), and HVS. A lot of the time a hotel brand (Marriott for example) is just like a property management company. They take a fee of the revenue stream (including F&B) and manage the asset. Lifestyle hotels can have a very substantial F&B operation- sometimes as high as 50% of their profits.
The depth of the questions will be highly dependent on your real estate experiences. What's your current role / years of experience?
In my experience, any Excel test would be after the first round. First round should just be both sides feeling each other out, talking about your background, asking questions about the firm, etc. It wouldn't hurt to be prepared for one just in case, though.
I also agree with this. First round is to feel if the person will fit in with the firm. Second round is to test all those skills you listed on your resume.
Think a lot depends on how big the firm is, how new the firm is and so forth. Also, depends how much experience you have as in is this more of an entry level role or 2-4 years of experience type of role?
First round will be an hour/45 min model test + interview after...any tips for a newbie?
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