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Cannot comment on sweatshop culture.
They're fairly bureaucratic which is frustrating, but a good shop with smart people. Definitely not for everyone.
I worked with them a lot at my last company (left 3 months ago) and I like them. Sharp group and they always worked hard to make it a smooth transaction.
Unsure about the sweatshop comment, but I've met up with some ARA kids for happy hour before, so can't be that bad.
To be fair, out of all the people I've spoken with only one had something negative to say (made the sweatshop comment).
Thanks for the insight
can't opine on culture, but they were terrible to work with from the standpoint of being in the brokerage business trying to execute on getting deals done. Slow response times, unrealistic expectations, tons of internal red tape.
Any chance you could provide more color on this?
Kind of hard to explain. Brokers just dreaded working on assignments for them. The asset managers were slow to make decisions; unrealistic on their expectations for rents and terms; skittish on getting deals to the finish line; slow to advance later stage deals and wrap this up; kind of a paralysis-by-analysis type of approach.
Aren't they a part of NKF now?
yes
No. ARA Newmark is a completely different entity from American Realty advisors. Confusing to have similar names.
http://www.aranewmark.com/</a">ARA Newmark is a brokerage. http://www.aracapital.com/</a">American Realty Advisors is an investment manager.
Seconded on the brokerage world dreading work with ARA. For lack of a better phrase, they're needledicks, ei: they'll mark up an OM with rephrasing perfectly okay sentences. At times they just don't get "it".
That being said, they're successful and have over $1B to place on the value-add side so, not to shabby,
Are you looking into an AM or acq role?
Thanks for the perspective, the negative comments are starting to make sense to me a bit now.
I'm looking into an acquisitions role (i'm in my last year of undergrad). I met a few people on their acquisitions team and they made me aware that they will be recruiting for this position soon.
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For what it’s worth, a few RE recruiters I am friendly with have told me that they stopped working with ARA (they had placed candidates there in the past). CEO is a polarizing personality.
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