Deutsche Bank Commercial Real Estate Team
Hey everyone. I am currently an undergrad at a target and I'm looking at different job opportunities. I had a few internships in real estate in the past, all in IS (Eastdil/HFF/JLL), and am certain that this is what I want to do long-term. I loved the people I worked with and learned a ton, but found that brokerage is not for me. I was wondering if you guys could share some information on the DB CRE team (which does CMBS, distressed, and balance sheet lending).
How is the DB CRE team viewed in the real estate business? How is their deal flow compared to other banks/debt funds?
My main worry is that I would be 'stuck' on the debt side. I don't mean that in a negative way, but rather in case I don't care for debt too much. What are the typical exit opportunities for analysts? Would it be possible to shift to REPE if wanted?
Thanks everyone for your help.
When talking about a large company like DB it really depends on which team and which silo you get placed in. If this is in NYC and the position is relatively close (by way of working relationship I mean) to Rob Blumenthal I would strongly consider it. Many of his guys have gone to good spots and he is a dude in the business.
It really really depends and even if I had all the info there's no good answer. There's obviously a ton of risk in taking a Chicago job if you want to come to NYC later. Have you lived in NYC before?
Most people do not give enough consideration into how living in NYC will affect their lives. You're thinking about a job in Chicago to set yourself up for a move to NYC 3-5 years later?? How do you know you'll even want to live here. Too much on this forum people think "oh I want to be in NYC because that's where the money is and big deals happen and if I want to be somebody I need to be in NYC." Which is totally not true.
There is a large group of young people (20-30% maybe??) who come to NYC, do their 2-3 years, hate every minute of being here, living with 3 roommates in a small walk up apartment to get by while making 100K and then leave. NYC is a love it or hate it place and you could have a fantastic job and still leave because the city itself rubs you the wrong way. I love it here, I've been here for coming up on 9 years and just bought a place but I've seen many friends leave for reasons I totally get. All I'm trying to say is don't plan your life around NYC if you don't know what its like to live here. Come to NYC to work for DB is that's what you want but don't take a Chi-town offer because you think it will help you transition to an NYC REPE position because that will be silly.