Hi All,
Does anyone have any intel on the culture and expectations of working for Amazon's real estate team, particularly their ops teams that search for distribution centers, fulfillment facilities, next-day Prime facilities, etc? Seems like an interesting corporate real estate strategy with a niche in industrial. Obviously, I've read and heard the horror stories about some of Amazon's culture and how it's team-dependent, but I feel like it's very much narrowed on the software developer and warehouse associates.
I'm coming from a top tier industrial REIT and am looking to to see another side of the industry, particularly on the customer (tenant) side- what drives their decisions, relationship building with multiple landlords, etc. Is there value to a corporate real estate transition to ultimately get back to the ownership side? Maybe that'll drive my decision on the marco level- to hear the advantage for corporate real estate experience (less than 5 years post undergrad). I know it isn't IB but I'm a real estate guy! Thank you!
Corporate real estate is corporate real estate, whether its at McDonalds, Netflix, Disney, Target, Apple or Amazon. Dont let the brand fool you. It will be a good gig if you want to explore that part of the business, heard good things about work life balance and stock options but a legit concern from former corporate real estate guys at another tech company I knew was that you are pretty low on the totem pole. You will always be way behind the main revenue producing guys. To be fair, this also applies to data scientists, marketing, sales, finance, accounting, legal etc at those companies. That will be the biggest change for you in terms of how your role is viewed and valued . If you were working for Prologis, Colony or Blacktone/Link, you are obviously seen as a little more critical to the team. One of the national gyms I knew laid off almost the entire the corporate real estate team and this was in 2018 so long before covid. I guess companies can nowadays outsource some of the work.
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