Can anyone speak to Goldman's reputation when it comes to RE? I understand their whitehall funds were a disaster coming out of the financial crisis, has their reputation recovered since then? I feel as if you don't hear about them doing much these days
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Goldman? Never heard of them...
In all honesty, where do you want to go/ what do you want to do in this industry? That could help allow more clarity.
@Malta Monkey Apologies for such a delayed response here -- I have an alumni contact at Goldman's new york office, I haven't reached out yet but he's a "VP of Real Estate Financing". I would like to get on the buy-side as soon as possible (currently an incoming senior in undergrad), but I'm generally unsure of how active Goldman's real estate platform is, obviously the brand recognition is there, I was just wondering how they're perceived in the space.
From my understanding, the top BB RE lenders are GS, JP, and DB (no particular order). WF is also strong in terms of volume, however not as 'sexy' as they often deal with vanilla properties. From these lending platforms, you'd be able to break into solid REPE groups. All in all, a great place to start your career.
@REJB123", I agree with everything said here. You'll learn a lot there. If you don't like it- leave.
Let's look at the balance sheets of the largest banks and their current exposure to commercial real estate:
Now let's take a look at the 10 largest loan contributors to US CMBS deals in 2018: 1. JP Morgan - $9.7 billion 1. Deutsche Bank - $8.8 billion 1. Goldman Sachs - $8.6 billion 1. Citigroup - $7.3 billion 1. Morgan Stanley - $5.8 billion 1. Wells Fargo - $5.8 billion 1. Bank of America - $5.2 billion 1. Barclays - $3.9 billion 1. Natixis - $3.2 billion 1. UBS - $2.4 billion
Wow, Whitehall that just gave me PTSD.
Why PTSD? Doesn't sound pretty.
https://www.cnbc.com/id/36591654
From what I understand they just had a series of layoffs too. Things don't look too good for them.
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