In honor of C.R.E. Shervin’s brilliant reply to the DLC Mgmt thread -
www.wallstreetoasis.com/forums/dlc-management -
I noticed through my years of browsing career websites, like Select Leaders or Indeed, that there is a significant amount of companies that are always marketing an “available opportunity”.
Are they truly looking to fill the role, and just have been very selective throughout the process? Or are they just posting ads up for shits and giggles? Let’s try to create a comprehensive list:
-NYCEDC (the worst fucking offender, economic empowerment my ass)
-CPPIB
-Clarion Partners (asset mgmt. role)
-DLC Management (see above)
Mapletree Investments
Arbor Realty Trust
Townhouse Partners
MOVO Capital
Industry City
NYU Health Centers
I give these clowns credit. They are always looking for an asset management analyst, however, they at least have the common courtesy to occasionally change the title role, reflecting a few asset classes, i.e. multifamily, industrial, etc.
Avoid like the plague!
This is so painful to read.
http://www.townhousepartners.com/company/david-stern-founder-ceo/
Why is Townhouse that bad? Thought about applying there a while back.
Speaking of the devil:
www.linkedin.com/jobs/view/625842590/
At this point, I honestly think that they are just spamming.......
No joke when I applied to that job I got an email begging me to withdraw my app for being too qualified. Never seen that before:
"By way of introduction, I am from Mapletree’s Group Recruitment team.
**** We have received your application for Senior / Analyst, Asset Management role. Thank you for your interest in Mapletree.
Do you have any experience in performing financial modelling for property assets? Could you share with me your reason for looking out for job opportunities.
Please share with me your expected salary for this role.
Are you eligible to work in US? If yes, do you require work permit/visa to work in US?
Just to highlight, this role is more of a back-end support of asset management which is focused on mainly on financial modeling / preparing approval papers / handling paperwork / checking invoices of property managers and monitoring of the property managers work.
With that being said, will you still be keen in this role?"
Capital One Industry City Clarion Partners Moody’s Townhouse Partners
Missed this..... I am going to put bleach in my eyes next time I see their numbering system - Associate Analyst 1, Associate Analyst 2, Associate Analyst -9.7315, etc.
Analyst Baa3
Capital one hire pretty fast, their head of capital market is from Freddie Mac
yes they do, they have a ton of openings and so many different departments or groups within CRE. I got the whole rundown while interviewing with them. Pay pretty well too but I declined their offer.
Northmarq capital (dfw) has been re-posting the same analyst/associate role since January...
You can add AIG to this list - while they are not a constant offender, it seems it takes them an average of 9-12 months to fill any position they plan to hire for.
“I just heard back from AIG. They enjoyed meeting me at my interview last week, and now they want me to immediately come in for another round.", said No One Ever!
this is correct. I've even followed up with MD's who liked me and must have got killed by HR.
My takeaway is that HR at huge companies suck
Well this sucks to hear considering I had an in person with MD at AIG and said I should hear back for next round by early August. I guess I shouldn’t get my hopes up lol
I had an in person plus excel test with AIGGRE for the Central region in April. I did not hear anything until last week when HR cc'd me on an email for Axiometrics access.
They mixed up candidates...
Such a professional shop!
How can we forget WeWork.. add them to the list
WeWork is a Ponzi - they are toast when all the free rent in their leases burns off. Also, no economic moat and few barriers to entry.
They are eagerly waiting for your submission:
www.linkedin.com/jobs/view/724562267/
WeWork is going to get destroyed by all the Coworking management platforms launching. Owners are wising up and realizing that the existing Coworking platforms that lease space (none of which are credit tenants) bring no value and take all of the upside/creates competition. Why give WeWork $100 TI, market rent, and a 15 year lease (with a termination option at month 60) when owners can just hire a Coworking management company that offers the exact same services on behalf on the owner? The current coworking platforms are wrong about what the tenants desire. Normal market class A office space and flexibility at a reasonable price is what enterprise level tenants wants, not dogs and a $250/sf upfit at a huge premium.
can you elaborate?
Could it be that they are using the candidates to do "case studies" as free work?
This is great insight. While I can't confirm this happens for real estate, at my previous career in equity research, I knew a true POS analyst who would have candidates build models without the intention of ever hiring them, and subsequently utilize or "steal" their work....
Someone posted about a Real Estate Debt Asset Management Role at a "prestigious Investment Bank", that's been open for more than a year and is continually recycled.
Lol I had a phone interview for this one. It's at MS. The people on the team talk like they're reinventing how business is done and that HBR should be writing reviews on them. I'm pretty desperate to find a new gig but I had to hit them with a pass.
Haha that's hilarious. Not sure how you can reinvent debt asset management...I figured it was JPM based on how the posting was written.
I am tempted to put Related on this list, as they have always the same array of positions posted up for the last decade. However, I was once contacted by someone from HR, who had the same charisma and grace of a trailer park hag coming off a 4-day meth binge.
Let’s not be selfish though, as we should also include our friends who are not located in the Northeast. Even though I don’t have the slightest clue how World Class Capital got a hold of my spectacularly unimpressive resume, they occasionally hit me up for the same opportunity. Sounds like a wonderful place to work…..
Lendlease always has a development associate/manager job up. I interviewed for it and after meeting those people I can see why they can't fill it.
Surprising to hear....they did some great projects. Was the interviewing process a whole shitshow?
Yeah I was curious about this too LendLease is a huge name with serious pension fund money
Hunt Companies as well
Seems like they are searching for an Underwriting Analyst every month
I see this exact posting all the time in my market.
Hunt is a shitshow.
If it doesn’t jeopardize your anonymity, can you please provide some further info on them? As NYCRE expressed above, their job postings return more often than genital warts.
forgot to add Fortress Investment Group. Every time I turn around they are hiring for a acquisitions associate.
These guys are toast when the cycle turns again. Can't go into specifics, but from what I've seen they are wayyy overextended on some seriously speculative stuff.
That sucks. I am sure they have some pretty talented people. funny story is I actually thought they were going to call me back. I did an application right after I graduated and like two days later I got a notification on linkedin that one of their senior guys looked at my page. I kept my phone in my hand for like 48 hours straight lol.
Do you think fortress would look good on a resume though?
Yes 100%.
Yes definitely. Big deals.
They always seem to have an opening for a commercial real estate analyst here in Dallas. They seem to cast a wide net of candidates they bring in, but ultimately they won't hire you unless you have an MBA business schools">M7 MBA.
World Class Capital...end of sentence
Robobank has been spamming me for over a year now to apply for an analyst position they haven't filled in almost 2 years
Wait you want someone fluent in financial modeling and 3 yrs of analyst experience but you're paying them less than they were making as a summer analyst?
Rabobank is Fortis lite.
Industry City with there posting again..
This time now looking for a “Real Estate Reporting Associate”
Not sure what the deal is with them..
good idea for a post, i don't think i've ever seen this topic before
Houlihan Lokey FAS
Usually if company really want to hire someone, they post in CMAlert
are the postings on cmalert usually senior? or do they have analyst/associate level roles as well?
There are usually junior roles in the 2-7 year experience range.
Why do companies post job listings with no intention to hire?
Anyone have any experience with DLC?
Whats the the general industry view of them?
At this point, I am sincerely wondering if this organization is an offshoot of the Peoples Temple:
www.selectleaders.com/job/57247/associate-real-estate-transaction-servi…
I am way too much of an egotistical and selfish asshole to work in the public sector, but part of me just wants to apply, so I can see if they try to force me to drink the “fruit punch” during my interview.
Well, for what it's worth, the networking you do at those agencies is incredible. Far better than anywhere in the private sector. You have tons of reputable firms coming to you. You work closely with PMs and often very senior folks on the private side, because you control things they need, be it subsidy, approvals, debt, etc. You get a real opportunity to show off your intelligence and work if you have the drive to. Think about the average public or semi-public agency; most of the employees are lifers or are on the 9-5 schedule. You go in there and bust ass for 2 years and you can really distinguish yourself, and you can transition easily because you've already interacted with, and impressed, all the people making hiring decisions.
It's a lot easier than breaking into a PM role at a development shop, or even moving from one to another, higher position. If you work at some random development or brokerage company, the firm your joining trusts you because you've cut your teeth at a reputable firm. In these cases (and I've seen dozens of agency PMs get hired to lucrative development positions), you've actually done work with, or for, the company in question, and already helped them make money/are familiar with pieces of their portfolio. There's a huge value there. And if you're getting paid 70,000/yr instead of 85,000? I don't know, but the opportunity to skip a couple steps on the ladder in return for some foregone earnings seems worth it.
Seth Pinsky is an extreme example but he went from NYCEDC to a pretty senior position at RXR. Mathew Wambua started a debt funding platform at the Richman Group after leaving HPD. Not saying that going that senior is typical, but there are real exit opportunities from these places.
Seth was at EDC for 10 years I think. For places like EDC, Freddie Mac etc- I can see a particular type of person staying there for 10, 20 or 30 years. For some I would say its a fit and for some it is not, it just depends I guess.
Today’s CMAlert has job postings for both analyst and associate positions, anyone seeking job should look at CMAlert
There's a firm on SelectLeaders I've noticed called Fifteen Group that I think posts on a monthly basis. For big firms I get it, but a smaller firm?
It’s because that group is toxic
What is the negative connotation with posting alot? No deal flow? Tough work environment? Poor exit opportunities? Turnover?
Could it also be that a firm is in a shitty location and its hard to attract talent there?
I'm new to the CRE industry so I'm just trying to wrap my head around this.
These assholes are at it again:
www.linkedin.com/jobs/view/785156193/
what makes them assholes, I have NEVER seen a posting from them. maybe I'm just not in the know
I'm surprised.... this role and the VP position bump up every 2 months...
Did a Ctrl F here and didn't find one that I've noticed so figured I would add. Cushman's New York office has been looking for an Analyst on LinkedIn all summer. Seems like a blackhole... Don't waste your time.
Yeah this ones popping up everyday.
Let’s be real.. no one is getting in on a Cushman NYC IS deal team by applying online.
Castellan Partners in NYC is at it again looking for an Analyst..
I wouldn’t work there
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