April Housing, LivCor, & Other Blackstone Portfolio Companies
I am looking to make a move from my current firm in the coming months before the market slows down. A company that recently came up in my search was April Housing, Blackstone’s newest portfolio company that acquires affordable housing. I’ve also looked at LivCor, but do not want to move to that part of the country (work in west coast markets currently) How are the portfolio companies generally viewed? It seems like the position involves much of the same functions as a normal acquisition shop but with Blackstone funding. What are the major differences between this and a traditional acquisitions shop?
Thanks everyone.
Hey Analyst 2 in RE - Other, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
More suggestions...
I hope those threads give you a bit more insight.
There is no real difference real estate wise. You’ll work on smaller portfolio deals, you probably won’t work on taking and REITS private or anything like that either. But the analysis will be the same. Less hours, less money, and less “prestige” than ppl at BX if you care about that
Bump. Looking at a AM opp with April Housing
The best thing to do if looking at role at a firm that's owned by Blackstone or whoever... is completely disregard that fact. Adding ".... A Blackstone company" on your resume/linkedin will not make it more valuable, just may get some chuckles from people who think you are trying rep like you work for BX. This is always rational as you never know if BX or whomever will be selling, spinning-off, or IPOing the firm in the near future... as that is often the exit strategy.
So... Consider April Housing as a LIHTC owner/operator, and compare against other LIHTC owner/operators. Really shouldn't be more simple than that. The biggest difference is that the firm "outsources" capital raising (and thus some key decision making) to BX, who provides the capital and thus strategic direction. Unless you were working for that part of the firm, I don't think you would really/know care... it's just one captive investor vs. independent dealings or funds.
That said... there may be unique means that the acq team of April works with with a portfolio team at BX, hard to even guess, as that is very idiosyncratic. But again, unless you are applying for pretty senior roles, I would just take the firm on face value and compare it with other peers in the same industry (LIHTC in the instance of April for example).
The nuance here is that April Housing has 90k units, which you only get with Blackstone level capital. Not a lot of comps at that size
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