Link Industrial Properties?
Does anyone have any insights on Link Industrial Properties? I believe it used to be called Gramercy Property Trust, not sure what they do now, an Industrial REIT? Would that be a decent place to start a career in CRE or would it pigeon-hole an analyst into the industrial space?
Hah, can’t tell if you’re trolling or not.
https://www.perenews.com/blackstone-glp-us-portfolio-acquisition-raises…</a">Link is Blackstone’s industrial real estate platform.
It is most definitely a good opportunity
Solid shop, have worked with them before. They're pretty bro-ey and seem to have a bit of a cliquey frat-boy vibe about them but the CIO is very impressive (and knows it) and they're great at what they do. Know one of their employees back from the Gramercy days is at RXR now so that's an idea of your exit opps.
Some people say NNN Industrial is too easy for a starting place but candidates with industrial experience are in super high demand right now and Link/Gramercy is among the best at what they do.
They're no longer a STNL shop - have made a huge push into last-touch which can be expected after the BX deal.
They're definitely a bro culture, but a lot of the legacy industrial platforms are - Terreno, BP, Exeter etc etc are al. The world was different before all the institutional attention and consolidation.
That said - they are EASILY a top-5 industrial fund. The associate-vp level guys are all down to earth, and hitters. No-ego, and typically the smartest in the room on a property level.
Literally Blackstone...
I have a friend who works there, the transition from Gramercy to Link was the best thing that ever happened to her. She was about to leave Gramercy but now loves the work shes doing at Link. Sounds like they are off the STNL train and opened up to more average/traditional industrial product.
You certainly wont get pigeon holed in your fist few years there but if industrial is something you want to do it is a slight to medium annoyance that there are more jobs in Westchester and NJ for industrial than in the city. For every call about an NYC opening there are 5 in NJ. If staying in NYC long term is something you want to do there are many more opportunities in the other asset classes right now. That may change in the future if industrial's "favored nation" status keeps up. But anyways working there for a few years wont make you an "industrial guy.
Great shop, good comp, smart people. Definitely prep school/bro culture but they are good dudes.
Top 3 investor in gateways
Could be interesting place. Blackstone are on a RIP right now buying up some prime industrial sites (and whole companies lol) I'm sure they'll have link in the mix developing those sites and leasing etc. For sure bro like feel- met a couple of them a few years ago while they were at Gramercy. Very New York. They are pretty high up now.
It's blackstone. From what I've been told the blackstone acq guys handle it the closing then pass it off to them for asset management. no idea if that's true.
false unless like GLP type deal
Anyone have any idea on the comp here? Is it equal to Blackstone's at the respective levels?
No pm me
Less than blackstone analysts
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