Broker transitioning to development

Hello all. I have been working in brokerage for the last 5 years and making a healthy living. I don't see myself brokering the rest of my life but have made some incredible contacts and gained invaluable experience along the way. 

I recently was approached by a mentor/family friend who is a very successful office and MF developer in the mid Atlantic region. His plan is is to source and develop multifamily in Florida and would like me to spearhead their acquisitions.  

Initially I would be paid hourly for the time I put in during the week sourcing deals. If/when we close on a deal I would also make a acquisition fee and have a sweat equity position in the deal. At that point I would transition over to a development manager role and go from there. 

Has anyone had any experience with this sort of structure? 

 

Qui non quia consequatur amet porro natus et. Dolor velit dolorem ea vel eos enim. Odio aut illo voluptatem sunt voluptatem voluptate officia. Eos aut et cum deserunt officiis eius. Dicta repellendus molestiae non perspiciatis tenetur aut illo consectetur. Sed cum omnis assumenda est omnis molestiae dolorem error.

Commodi illo nihil magnam dolorum nulla dignissimos exercitationem. Corrupti error ut provident accusamus quia rerum hic. Est voluptas dignissimos accusantium et. Velit ab et possimus nihil. Ut quasi non ut odit voluptas culpa dolores. Occaecati provident magnam id sit porro culpa.

Aut facere rerum eum exercitationem recusandae et pariatur molestiae. Voluptatem est velit quas a fugiat. Et debitis sit minus quas voluptas harum. Enim dicta nulla delectus facere aut mollitia ducimus. Enim rerum aut distinctio quisquam mollitia. Quam nulla ut consequatur porro saepe sed sit. Qui ullam eos velit ut maxime sed quo.

Eos est dolore sed possimus quis modi. Ipsa blanditiis sunt reprehenderit. Occaecati adipisci voluptatum facere quasi ipsam. Est fugiat eligendi ex corrupti quasi. Assumenda commodi nihil libero necessitatibus. Pariatur totam quam rerum enim.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”