I've seen a lot of people posting about Eastdil and Wells Fargo and normally Eastdil is in line for top exit ops. Since Wells Fargo owned Eastdil, are they referring to the same company (Wells Fargo)? Wells Fargo kept Eastdil's real estate investment bankers in the sale. Going forward, will Wells Fargo be considered top in terms of REIB and exit ops? How do the firms differ now?

No because it wasn't the RE-IBD that made Eastdil good for exits. It was the fact that they used to (less so after the loss of Doug and Adam) broker the largest transactions in the country, therefore almost exclusively working with blue chip buyers and sellers. This created a self-fulfilling network of the largest groups in the business.

Lol people talking like they know Eastdil. Eastdil has a great IS and DE platform that is second to none and has great exit ops for RE gigs. Eastdil also had a SEPARATE arm of people who actually were investment bankers. In fact Wells Fargo did not have a "REIB" they just had the Eastdil guys. However, this all changed with the recent majority sale of Eastdil. Wells kept all of the true IB guys and rolled them up into a new team called REGAL which is led by Randy Williamson, who is formerly of Eastdil Secured. The Sales and DE members are now operating on their own and still doing well.

When people refer to Eastdil Secured they are referring to Eastdil Secured, not Wells Fargo's REIB group. I doubt Wells Fargo will be considere top in terms of REIB. The firms differ in that Eastdil Secured is a brokerage shop and Wells Fargo is a bank. To really boil it down, Eastdil Secured sells buildings and arranges asset level financing while Wells Fargo lends at the property level, enterprise level, sells bonds, raises equity, and might be involved in some M&A.

Can someone clear up the confusion on Wells Fargo and Eastdil

itsanumbersgame

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Wells Fargo acquired Eastdil, Eastdil wasn't happy with their comp structure and led a management buyout, Eastdil and Wells Fargo are now two completely separate entities. Eastdil likes to call themselves REIB, and I wouldn't argue with them, but they don't invest any money. Wells Fargo REIB division does invest money. They were never viewed as the same company, they operated separately and if best practices were in place there would have been a firewall between them (see below).

The idea that Eastdil gave deals to WF and vice versa is not true (or at least not substantiated). Did it happen on occasion? Maybe. But having that as a business plan violates the fiduciary responsibilities of both parties.

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Can someone clear up the confusion on Wells Fargo and Eastdil

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