Hi all,
I appreciate I don't currently have an offer on the table but I thought it would be useful to get some opinions just in case I do end up with an offer with limited time to reflect.
As a bit of background - I currently come from a multi-family investment sales background in a Big 4 real estate firm and I am looking to break into PERE - ideally now, but I accept if I need to go the longer route. I have been searching for a while in the commercial space but given my background I am struggling to get interviews as the multifamily sector in my market is nowhere near the scale of the US market. As such, I get limited interview opportunities because of the stigma revolving around multifamily.
I am currently awaiting the results of an interview I had with a big investment manager. If I get this offer, I will take it in an instant. However, I feel I messed up the modelling test as I panicked slightly.
My main question revolves around the modelling test I have for another up and coming opportunity. It is for another big 4 real estate firm and I will essentially be the "modeller" for the investment sales team focusing on office and multifamily investment/developments. The team and opportunity sounds great with typical deals ranging in the hundreds of millions.
My main concern with this role is the fact that the role is a modelling role rather than an analyst role. What I mean by this is that I will be focused solely on the financial modelling of opportunities and I don't think I will really be exposed to the transactional side of deals (presentations, brochures, combing through leases etc etc). This might be a non-issue, but I thought I would just check.
So my question is basically,
Given the heavy level of modelling (which I don't mind) is this a good move for PERE? or is it too modelling focused and will PERE firms want someone with transactional experience. (although I have experience through my existing role). Bear in mind by the time I look for a PERE role, should I take this opportunity, I will have 5-6 years experience (probably too much for an analyst?)
Should I hold out and wait for another great opportunity, such as the one I am awaiting? or is this as good as it can get?
Thanks!
that doesn't sound like a particularly amazing job, but could be ok, and to really understand your situation, i (or anyone) would need more info on what you do now. i am guessing that "big 4" means something other than PwC/ey/etc.?
Big 4 in real estate is JLL/CBRE/Cushman/I've forgot the other lol but Eastdil?
what makes you think it isn't an amazing job? blunt answers welcome too haha
As for what I currently do, I am currently working in multifamily investment sales and I am the analyst in the team. I am responsible for financial modelling and other analyst work to support brokers (pitches, brochures, assisting with dd etc)
i mean it'd be solid but you literally described your current role as multifamily investment sales analyst at a large brokerage, and your new role would be 'analyst' on an investment sales team that does multifamily at a large brokerage. is it THAT much better or different from your current job?
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