Hi Guys,
So I've been offered two positions and would really appreciate the input of those here.
Position 1 - Family Office
One of the world's largest multi-family offices, expanding very quickly and has approx $50bn AUM (not just real estate, has approx $10bn in real estate).
My role would involve investing in real estate globally and with no specific sector focus.
It pays well and apparently the bonus is between 30-40%. Hours are probably 9 to 5/6 and everyone I met from the team seems awesome.
The firm is large and will soon employ over 200 people. I really like the culture and ethos at the firm.
Position 2 - Boutique REPE
Small REPE firm with about $1bn AUM. Like the family office, they invest in real estate globally with no specific sector focus.
Base salary is 10% more than the family office although the bonus is between 50-100%. Hours are probably 9 to 9/10. The firm employs just over 10 people.
I was told by the partner that interviewed me that 100% bonus is likely.
Few things to consider:
I don't think you can go wrong here.
What do you mean when you say multi-family offices. Do you mean it aggregates family offices to allocate capital, or do you mean it pursues multifamily(residential) properties. $50Bn AUM for a family office is HUGE, and I'm just not sure one exists. Family offices are generally one family(two is uncommon in real estate), who invest capital for the family who either made their money in RE, or had an entrepreneurial liquidity event and set up a more yield driven approach to capital preservation. -I have worked at 2 family offices in the past.
Just because Stephen Ross founded related doesn't make it a family office.
thats bill gates level of family office
My guess is MSD.
If you’ve worked at 2 family offices you surely would know what a multi-family office is, right?
I mean, I "spelled out", all the different scenarios. I've just never heard of a $50Bn Family Office.
Sounds like grosvenor
Not Grosvenor, believe they are an SFO not an MFO
It is a family office that invests capital for multiple families. It is very much a multi-family office and is referred to as such by the firm itself and those familiar with it.
I can't reveal too much more about the firm as doing so will reveal which company it is, and the real estate team is small.
Here is the thing, if you can an analyst spot at one of these firms, and it pays well and good work life balance. You need to do the math on how old the people above you are. It could be a great place long term. I mean honestly, a $50Bn AUM(ask if this is all CRE) firm, and you don't have to bust your ass?
I go back and forth between working your ass of while young. But if your only options are a huge AUM firm with great work life or a $1Bn firm. Based on the limited information, I would take the FO job.
Thanks - I'm leaning that way too. The $50bn is in total assets, they have approx $10bn in real estate
Assumenda et molestiae ab modi architecto perferendis quo. Facere cupiditate quia maxime ea. Necessitatibus animi consequatur corporis laudantium nihil placeat. Cumque facere quasi necessitatibus provident dolor.
Dolorum ipsam ex omnis non debitis. Natus velit doloremque aut laudantium ut molestias ducimus suscipit. Consequatur suscipit explicabo odit vel ea enim qui. Enim non rerum accusamus nulla voluptate maxime ut. Neque molestias laudantium repellendus enim eos iste.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...