Edgemoor?
Anyone heard of Edgemoor? Looks like they’re a P3 developer based out of DC, and are the in house developer for Clark Construction. Would it be a good place to start if I could break in?
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Someone else can speak to them on the RE side, but on from the ACE firm side of things Edgemoor has been a great client that does interesting projects. The P3 portfolio is generally more real estate projects than Infra, but if you're interested in the kind of projects they build, Clark has a team of very good people in Edgemoor. Go for it if you have a lead!
Great, thanks for the info. How difficult would it be to switch from P3 to more traditional development if needed? Just worried about getting pigeon holed.
I’m on the infra advisory side so can’t speak to it well. There are fewer infrastructure development jobs than there are CRE developers do to the nature of heavy civil. P3s are a different vehicle and you can even look at JV P3’s being on the rise in affordable development with NYCHA. Your appeal for CRE will be for more government connected projects where the bidding experience will be more valuable.
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If you’re looking at DC, yes it’s good. It’s a development job in DC.
There are not many entry level development jobs at legit shops that do bigger projects in the region, especially given the current market.
Nothing pencils currently, so P3 might end up being a great place to start your career.
how is P3 perceived by the rest of the CRE dev sphere? aside from what I can read online, e.g. risk allocation, deal structuring, etc. what would be some critical factors one should know when walking into this as their career/job?
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