22 Comments
 

Don't have any NYC specific info but in general JLL Capital Markets Group would be an excellent internship. It would open a lot of doors for you. Worst case if you ended up at JLL it would be a great start to a real estate career....Just heads though up "Capital Markets" at JLL = Investment Sales. If you are more interested in debt / pref equity you should look into JLL's "Real Estate Investment Banking" group.

 

Can capital markets with JLL allow you to go RE or IBD? Is it good for both the areas or just one?

 
StanCRE

Try to get on Pete Nicolette's team (not sure if the name is spelled right). It's in reib so debt and equity placements, note sales and such. Good shop and honestly will get good experience/name on your resume with any part of their capital markets team in NYC.

Good call. "He aims to double the size of his team in the next two years, to 24 or 25 debt producers. In New York, the hope is also to cut into the middle of the market."

http://commercialobserver.com/2014/05/jlls-peter-nicoletti-wants-to-dom…

 
I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Where do people who join in Investment Sales end up generally? Are there good exit ops or do people usually stay? And how about the same for 'REIB'?

 
StanCRE

I was an investment sales analyst in a major market and was able to exit to an investment manager in an acquisitions role after about a year. Plenty of exit opps

How difficult is it get an investment sales analyst position out of undergrad with a little bit of brokerage experience?

 

Agreed, plenty of exit ops from investment sales with the most common being a major institutional investment manager. REPE would be harder but is still possible (much easier if you're in a similar role at Eastdil)....JLL REIB exits would be similar (investment manager / pension fund advisor or REIT) but then you could also look at debt funds, CMBS and balance sheet lenders.

 
RE UK

Where do people who join in Investment Sales end up generally? Are there good exit ops or do people usually stay? And how about the same for 'REIB'?

Good buddy of mine went Investment Sales -> MSRE -> Investment Sales -> REIB -> Investment Sales

You can bounce around a bit in real estate with a good resume.

Commercial Real Estate Developer
 
Best Response

My route was a bit different. I did research for a year after undergrad, as graduated w/ no internships or work experience. I networked pretty heavily during that time and taught myself financial modeling. I also paid for an argus certification class. The majority of other analysts that I know in my market (at JLL, HFF, Eastdil and Cassidy) were not getting the gig straight out of undergrad but had a year or two of work experience.

All that being said, it is definitely possible especially with previous RE experience. The issue would probably be more tied to when teams are hiring. Its not like IB where you have specific recruiting periods. Jobs just tend to pop up at random times and networking plays a key role.

Hope this helps. PM if you want to talk more detailed specifics.

 

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