How to spin no deal flow on resume?
Been at an Owner/operator/developer for the past 18+ months on the multi acquisitions side, looking to update my resume. Like many, deal flow has been non existent and haven’t closed anything here.
8+ YOE, previous job closed over $1B, but how do I spin the slow period at my current gig on my resume? I think most will understand how hard it is to get deals done in the current environment, but do I just put “underwrote $___b of acquisitions” on my resume?
I'm on the same boat but I dont have 8 years of experience lol
We did do one significant refi which I wrote about but for myself I'm being honest.
We had stuff under contract, but couldnt get equity. Market was bad etc..
I'm just gonna say it was a good learning experience and I actually want to execute
Would love to hear from everyone else
Was in the same boat after 5 years and really hurt tbh, people knew the market but after 8 years how has there been no closed deals? I'd start pushing internally for ANYTHING, refinancing's, work on leasing, and push for smaller acquisitions or work on dev projects.
Maybe start buy deals outside of work to have closings to talk about and show you've gone through the process on any level.
Is your firm just not active? I always put UW $x mm / bln of deals focused on xyz assets and list 3-4 deals that were active or I worked on ($100mm reno for potential hotel conversion of xyz keys, $50mm underwriting of potential mezz investment, $150mm in potential hotel acquisition opportunities with xyz keys in xyz markets). Any firm I've been at was slow, only closed on one deal for sub $5mm and a loan across almost 4 years lol its insane.
Maybe I was unclear, I closed $1b+ at my last job, current job (which I’ve been at for 18 months) has been dead though.
you didn't close a deal for 5years?
damn dawg you are lucky they kept you around for 5 years and no deals
Haha not all the same places and these are as an analyst, also including internships outside the standard summer 2-3 months so not all ft roles.
5 years and no deals? sheesh.
Focus on what you did do, and when it comes time to interview, talk about the value you got out of that.
Look, it isn't up to you whether your firm transacts on a deal. Any place you want to join that doesn't understand that, or that judges you for it, is emphatically not a place you want to work. That'll be the shop where the fault always goes to the junior folks and the glory to the people at the top, even when it's the senior people making shitty decisions.
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