How to become acquisitions/development expert?
I recently started in an acquisitions role at my family's multi-family development company in the NYC area. Before this, I was at CBRE in office leasing, so not totally related. I'm about 3 years into my commercial real estate career. I feel like I may have come into my current role too early, but it doesn't matter now since I'm here and I have to make it work. So basically I need to learn acquisitions and development while working at a small family company. Besides the obvious of learning from the guys here (all like 30 years older than me), what advice do people have for learning as quickly as possible so I can add value. School? Reading? Thanks!
I have heard good things about the ULI's educational products, mainly there development textbook but also their online resources that I am honestly not that familiar with. I would try to get your hands on that book and check out what they have online.
Thanks! Yes, ULI has great resources. Maybe it's as simple as just learning along the way here. Because I haven't worked at any other development companies I'm worried that I won't know about key practices that the dinosaur guys at my company are maybe not doing. That said, I know that development is somewhat a "fly by the seat of the pants" thing anyway.
Peter Linneman, "Real Estate Finance and Investments", this book is good for learning the fundementals that was probably taught to the older guys at your firm.. and as said above, the ULI development book is good.
If you need help modeling.. I would use adventures in CRE (free material) or REFM (paid but i have heard good things.)
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