Development AM vs. Acquisitions

Hi all - I have an opportunity to join one of the top notch developers in NYC in one of their AM teams, however I've always had an interest in moving over to REPE / acquisitions. I was hoping to get some insight on taking the role or to wait it out for one of those roles to come my way, even if it means taking a step back to learn the business and/or going to a less reputable firm. If it makes any difference, I am currently in AM and do have time to wait it out. Thanks all in advance!

Comments (8)

FDR, what's your opinion? Comment below:

I don't have an answer to your question, unfortunately, but would you mind if I PM'd you about your background and experience?

Most Helpful
peremium, what's your opinion? Comment below:

What exactly are you asking here? If you definitely want to do acquisitions, pound the pavement and find a role (don't just "wait it out" until it comes to you - it won't).

As far as insight into AM at a Development shop, those guys are usually heavily involved in the lease-up i.e. babysitting the PM team, tracking budgets, helping the dev team estimate operating costs, dispositions, etc. The AM team at my company all come from property management backgrounds. It's not a financially rigorous role and it won't give you the full experience you need in acquisitions. Some of it will definitely be transferable, but better to just go over to REPE now and try it out.

  • 4
Subphive, what's your opinion? Comment below:

By "waiting it out", I meant more of passing on the role rather than taking the "bird-in-hand". And as anyone on this site knows, its not as simple to "just go over to REPE now and try it out".

And I do like AM, not necessarily the firm I'm at/some of the assets we have under mgmt. I was solely looking to hear some of the responsibilities on the development AM side, upside potential, pros/cons based on people with exp., etc.

CRE, what's your opinion? Comment below:

Don't take a new job in the same position you are in now that you already know you don't want to do. That just sounds like setting yourself up for failure.

Commercial Real Estate Developer

  • 3
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Pug, what's your opinion? Comment below:

It sounds like your question boils down to this:

  1. You want to get into Acquisitions/ REPE

  2. You have the opportunity to jump to a top developer in a prime market, albeit in a role you already do (AM)

  3. You want to see if you can switch from AM at said developer into an Acquisitions/ REPE role

  4. If you cannot likely do that, you will work towards getting a role directly in Acquisitions, even if it is not at a top firm

If this is all correct, I would say try to get a role in Acquisitions/ REPE doing what you want to do. As you mentioned, it is not easy but it is definitely possible.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
  • 2
holeymoley, what's your opinion? Comment below:

Maxime quia incidunt molestias eaque maiores nihil. Delectus fuga modi natus necessitatibus quos natus. Vitae eveniet enim dicta pariatur porro magni. Aut doloremque sed saepe nostrum et rerum at. Dolor rerum soluta laborum sunt soluta quibusdam.

Labore qui distinctio unde eum possimus aliquid. Qui velit nisi numquam tempore est. Eveniet eaque omnis qui dolorum ipsa autem sit. Omnis quam voluptatem deleniti qui vitae enim vel. Nam dicta aperiam enim similique voluptatem molestiae aut.

Porro et facere dolorum. Similique amet laudantium vel doloribus. Consequatur deleniti veritatis dolores est dolores itaque iusto quo. Quam minus nam aut voluptates.

Rerum minima illo illo et. Consequuntur iusto distinctio id nesciunt.

Start Discussion

Career Advancement Opportunities

January 2023 Investment Banking

  • Lazard Freres (+ +) 99.5%
  • Jefferies & Company (▽01) 99.1%
  • Lincoln International (▽01) 98.6%
  • Financial Technology Partners (▽01) 98.1%
  • William Blair (▲08) 97.7%

Overall Employee Satisfaction

January 2023 Investment Banking

  • Canaccord Genuity (▲04) 99.5%
  • William Blair (▲04) 99.0%
  • Lincoln International (▲09) 98.6%
  • Jefferies & Company (▲06) 98.1%
  • Financial Technology Partners (▲09) 97.6%

Professional Growth Opportunities

January 2023 Investment Banking

  • Lazard Freres (▲15) 99.5%
  • Financial Technology Partners (▲09) 99.1%
  • Lincoln International (= =) 98.6%
  • Jefferies & Company (▽03) 98.1%
  • William Blair (▲01) 97.7%

Total Avg Compensation

January 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (24) $418
  • Associates (136) $262
  • 3rd+ Year Analyst (9) $194
  • 2nd Year Analyst (80) $172
  • 1st Year Analyst (257) $171
  • Intern/Summer Associate (42) $166
  • Intern/Summer Analyst (185) $91