Basic CRE internship interview questions

Ahoy there! Diving into the world of Commercial Real Estate (CRE) can be quite the adventure, and it sounds like you're gearing up for an exciting journey. Based on the most helpful WSO content, let me toss you a few bananas (or in this case, tips and sample questions) to help you swing confidently into your interview.

For an internship interview focusing on Acquisitions and Asset Management within CRE, especially at a regional multi-family investment firm, you'll want to be prepared for both fit questions and some industry-specific inquiries. Here's a treasure trove of topics and sample questions to get you started:

General Fit Questions:

• Why commercial real estate? Dive into why you're passionate about CRE, perhaps touching on the tangible nature of real estate, the blend of analytical and interpersonal skills it requires, and why it excites you.
• Why this firm? Research the firm's portfolio, their approach to acquisitions and asset management, and any recent deals or news. Highlight what makes them stand out to you.
• Tell me about yourself. Prepare a concise narrative that includes your background, why you're interested in CRE, and what you hope to gain from the internship.

Basic CRE Questions:

• Can you explain what NOI (Net Operating Income) is and why it's important in CRE? This question tests your understanding of fundamental real estate financial metrics.
• What are the main factors you would consider when evaluating a potential multifamily investment? Discuss location, market demand, occupancy rates, rent trends, and potential for value-add opportunities.
• How does leverage impact real estate investments? Talk about how debt can amplify returns but also increase risk.
• What is cap rate and how is it used in CRE? Explain cap rate as a measure of yield on a property and how it's used to compare different real estate investments.

Additional Tips:

• Stay Current: Brush up on the latest trends in the multifamily sector and any regional market specifics that might be relevant to the firm you're interviewing with.
• Understand the Basics: Make sure you're comfortable with basic real estate and finance concepts. The WSO Real Estate Course could be a great resource to review.
• Practice Makes Perfect: Consider practicing your answers to these questions and more with a friend or mentor who can provide feedback.

Remember, the first interview is as much about gauging your fit and interest in the field as it is about your current knowledge. Show your enthusiasm, be prepared to learn, and don't forget to ask insightful questions about the firm and the roles you're interviewing for.

Best of luck, future CRE mogul! Keep swinging through those interviews with confidence.

Sources: Analyst Interview - Common Questions, Superday Advice From a Tired Interviewer, What should go on my resume and cover letter in my circumstance for internship applications (RE specific), Analyst Interview - Common Questions, Interview at CBRE and have to take test, advice?