Interview Process Feedback

Recently had a interview with a institutional value-add REIT and this is how the process went through the third party recruiter. What are your thoughts on process below? Do I have a shot at being called to provide clarification.

  1. Scheduled a meeting with the HR of the company who then in the end told me she'll have me meet the CEO
  2. The CEO meeting went well I described my value-add experience (8 YOE with 1.5 in development of multi-family and remaining in Core / Value-add multi-family)
  3. Case Study Round
  4. Called in to present Case Study to the CEO and Director of Finance, and HR. CEO said case study was perfect and we do not need to walk through. Asked me about my experience at the current developer which was combination of modeling, asset management of existing porfolio, spearheading capital raising efforts for each project.
  5. Third party recruiter gets back to me and says they said you were to development focused which caught me off-guard.
  6. I called the recruiter this morning and said if that is indeed their concern I'd appreciate if they can allow me an opportunity to clarify as their may have been a miscommunication. The recruiter thought it was a good idea given I was the lead candidate. She spoke to HR, to which the HR said they will need to think about it.
7 Comments
 

Based on the most helpful WSO content, here's a breakdown of your situation and some advice:

  1. Interview Process Overview:

    • The process seems structured and thorough, involving HR, the CEO, and a case study presentation. The fact that the CEO praised your case study and you were considered the lead candidate indicates you made a strong impression.
    • However, the feedback about being "too development-focused" suggests a potential misalignment between your experience and their expectations for the role.
  2. Clarification Opportunity:

    • Reaching out to the recruiter to address the concern was a smart move. It shows initiative and a willingness to adapt. The recruiter agreeing to relay your request to HR is a positive sign, as it keeps the door open for further discussion.
  3. Next Steps:

    • If given the opportunity to clarify, focus on demonstrating how your development experience complements the value-add REIT's goals. Highlight transferable skills like financial modeling, asset management, and capital raising, which are directly relevant to value-add strategies.
    • Emphasize your adaptability and ability to pivot between development and value-add roles, showcasing examples where you've successfully applied your skills in different contexts.
  4. Final Thoughts:

    • While the HR team deliberates, consider preparing a concise pitch that addresses their concerns. Be ready to articulate how your background aligns with their needs and how you can add value to their team.
    • If they decide not to proceed, use this experience as a learning opportunity. Seek feedback from the recruiter to understand what specifically led to their hesitation, and refine your approach for future interviews.

Remember, being proactive and professional in addressing concerns can often turn the tide in your favor. Good luck!

Sources: Running out of time and options in a big, big way; have no idea what to do; losing my mind, My PE Recruiting Process, https://www.wallstreetoasis.com/forum/job-search/suing-a-former-employer?customgpt=1, How to break into Real Estate Private Equity (w/ 0 RE Knowledge)

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