What's the main difference between these two? Is it that the biz plan in comm re is to buy up properties and make money off the cash flows from tenants, whereas repe is more focused on purchasing re assets, adding value and then selling them off? Or does it have more to do with comm re being focused on individual properties and repe being focused on purchasing reits and recos?
thanks
REPE is more of a trading philosophy, consider it similarly to PE you buy an asset and then attempt to flip it for a higher price.
Check out Carlyle's site. They explain REPE pretty cleanly. They basically look for real estate opportunities that are undervalued, acquire them with their investors money, gain the value that the real estate wasn't generating without them and help their investors reap the benefits.
I think getting a foundation from commercial RE would help lay a foundation for REPE further down the line. Of course you can go the "IB or Bust" route, but don't think it's the only way. IB opens a lot of doors, but it's not the only way to get off the bench.
From what I've heard from people in REPE, there a bunch of people from commercial RE - the skillsets just set you up.
Yes, this exactly
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