How many of you work or have worked across virtually all functions (Acq/Dispo, AM & PM, support for Capital Markets, IR)? Advice?
Finally broke into a seat with a local PE firm investing in workforce housing. Won't divulge too much about the firm, but I'm curious how many of you have worked in a more general/generalist role at the sr analyst or associate level (or higher) and if so if you have any advice?
My main responsibilities to start will be underwriting new deals and just familiarizing with the current portfolio from both a qualitative and quantitative standpoint. Responsibilities will grow after mastery of their model and current portfolio to supporting basically everything (acquisitions, dispositions, AM, PM, Capital Markets, Investor Relations). Will report directly to the President.
I worked my tail off on the modeling side of things to get to this point, and am working through ACREs advanced courses now on portfolio analysis prior to starting in ~10 days. Feel comfortable overall with most things real estate and Excel at this point but I'm sure I'll have some hiccups as this is my first gig on the investing side.
Curious if any of you who've had a broader focus have any tips on hitting the ground running in this role? Tips on the balancing act or prioritizing work given the breadth? Any on workforce housing (I'm coming from an office background)?
Thank you.
In one of my previous roles, I was a "Jack of all trades" type person. My biggest piece of advice would be to be very organized, learn what the priorities are, and be very clear on setting timing expectations.
Solid advice, thank you. Thinking I'll need to add about a week to any timeline I'd want to spit out on tasks not super time-sensitive.
I'm heading or involved in all of those functions at a growing shop. My advice is to focus on the things that generate alpha for your company and learn to delegate/review (every task and request will be "high priority", but you'll have to know which ones can wait another day). For example, modeling is important, but I'm not modeling every deal myself. Keep the models simple and focus on the levers that materially impact returns.
My bad on the delay here but thank you. Hope the work isn’t insane to start off, imagine it’ll be a bit slower on the acquisitions front for the time being at least.
I'm in a remarkably similar role as you. Terran's advice is great. One more relatively simple thing you can do each day: a once daily email to him with what's on your plate, what's changed since yesterday for each one, and next steps next for each one.
You would not believe how much senior guys appreciate this. It's a quick and simple reference point to have in their inbox each day, and it keeps you cognizant of priorities and timelines. Of course, run the idea by him first to see if he's onboard. Most welcome it, but you never know.
Really like this idea and will for sure run it by my boss. Can’t imagine that’s something that would be an issue, have to imagine it would be a big benefit
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