Corporate Real Estate/ Development
Hey all,
Would love to hear of personal experiences or insights on the corporate real estate side of things. How does comp compare to the other sectors of real estate?
Note: by corporate real estate I am referring to positions such as "Director of Real Estate for Taco Bell"
I knew someone who worked in Panda Express’ RE Division. She said the family would host seminars to teach people how to invest in real estate and create wealth for themselves. Apparently the family who owns Panda is close to the Rich Dad Poor Dad author.
For the work, I’ve heard it’s mostly considered a back office role since it’s not the primary role of the company. I spoke with the RE Development team at Starbucks and it seemed like they mostly saw it as a “job” and the actual developers for Starbucks are largely boutique companies that partner with Starbucks.
This is very different for hospitality companies though.
Also interested. I have seen various Director/VP 'corporate RE' jobs where you'd report directly to the CFO or some other c level. I think you could command a nice salary bonus and stock if they are recruiting from the REPE world. I wouldn't mind interviewing at a tech company in this role here in the bay area.
A couple contacts of mine work for Amazon Web Services, one of which is an MD. I believe it's all data center work, which is interesting if not particularly sexy.
My fiancé works corporate real estate for a large company that everyone here would know the name of. The pay is decent, not great, but higher ups make really good money including a monthly check based on how the business performed that month. The benefits though - good lord. A pension, full health care for the family (for life too after a certain point), on site gym, on site child care, on site nutritionist, free breakfast and lunch, she gets a monthly business performance check (albeit at a much smaller level), she works a full time salary position but if she works more than 40 hours a week she gets overtime, and that 40 hours includes her travel time, etc.
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