Capital Markets within a REPE/REIT
Currently working on a brokerage team and looking to jump to the principal side. Naturally, most principal firms have the most front office roles within their acquisitions/investments and AM teams but what about capital markets?The bigger firms seem to have their own internal capital markets teams and I'm wondering what the pay for these sorts of roles should be at the analyst, associate, and manager levels. Assuming it's similar to AM pay and slightly below acquisitions?Also, would this be considered deal/transaction based or is it more on the execution side? Seems like there would be a lot of interaction with the lenders and thus closing dinners and what-not (basing this on how we always take clients out to dinner after closing debt financing deals in brokerage).
Following and also curious on comp. I'm a lender (origination/production role) and my main contacts are often the capital markets people at a Development or REPE firm. Many of them are former bankers/lenders, so I've always been curious about this as an exit op.
Regarding your other question, some thoughts from my lender perspective:
This is extremely helpful. Really appreciate your knowledge here.
Regarding pay, the only data point I have is that base seems to be almost identical to acquisitions/investments. It’s the bonus that I was curious about when I made this post. Since acquisitions is deal based, I’d assume their bonus could vary substantially compared to the capital markets team who will always be working even when acquisitions fry up.
AS1 is $150k (not NYC so probs 20% higher there)
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