Distressed & Special Situations - CRE Focus
I am in the process of interviewing for a distressed & special situations (DSS) role focused on real estate with a megafund. Although I am experienced within real estate (spent the last couple of years working across asset classes in investment management with a top 10 REPE firm) I am curious as to why I was selected to interview for the role given my lack of a restructuring/banking background, but am very excited by the opportunity to expand my skillset.
A couple of questions for the people of WSO:
1. Why would a DSS group be interested in recruiting someone with real estate asset level experience as opposed to someone that is experienced within the realm of restructuring/banking? I feel like the latter skillset is more relevant to this type of role as it seems like they would generally be evaluating REITs.
2. What would the day to day of such a position even look like? What is the level of difficulty picking up this type of skillset on the job, as I know DSS can be very broad in focus?
3. Any ideas on resources that I can use to educate myself quickly on this topic?
This question is the same as asking ‘why would a real estate company hire someone with real estate experience to do real estate’.....? How are you confused by this? Why would they interview someone without real estate experience?
I hope you are smarter than the question you posed would imply you are.
You should read the question before typing up stupid/unhelpful comments. The question is about why you would hire someone with real estate background as opposed to someone that has restructuring/banking experience.
I think you should reread what you wrote, you got selected to interview for a role on distressed and special situation real estate, you currently do real estate, yet you’re confused why they would choose someone with real estate experience vs someone with none.
Why would would a corporate pe fund take an investment banker over someone who does real estate?
Your question makes no sense, you’re not explaining what the role is properly, or you don’t know what the role is
Is this about the Bain Capital email that went out a couple days ago?
It’s just a blast from GoBuyside
Yeah, it is. Any insight into the position/group?
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