Any MF development or acquisitions guys have any experience doing smaller deals on the side? I'm the acquisitions/development analyst for a sizable local shop and have the opportunity, given my skillset, to essentially be the sponsor in a smaller-scale (
| +51 | Leave brokerage to be GP | 12 | 1d | |
| +46 | New Comp Database - Google Form (Now with Data Validation) | 24 | 1d | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 2d | |
| +23 | Going out on your own | 4 | 1d | |
| +22 | REPE/Development GPA | 15 | 3d | |
| +21 | Real Estate = complicated + underpaid | 15 | 1d | |
| +17 | Fisher Brothers | 6 | 1d | |
| +17 | High achiever that doesn’t want to work weekends | 5 | 1h | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 5d | |
| +16 | Spreads over SOFR/UST | 3 | 2s |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Hey Prop Joe, I'm here because nobody responded to this thread after a few days...maybe one of these resources will help you:
No promises, but thought I'd mention a few relevant users that work in the industry: emerald123 Dbaker28 jbsalib
You're welcome.
don't have much to add, but i'm interested as well
If you are working at an institutional shop, you likely work at a firm with a decent amount of employees so responsibilities are distributed among different experience levels and specializations. The biggest difference in being a direct sponsor is that everything will fall on you. Also, the financing terms/opportunities will be completely different. That being said, the hardest part for most people moving out on their own is raising capital and it sounds like you have that somewhat lined up so I'd encourage you to make the leap. Once you become a principal its hard to look back at being a monkey.
That being said, you mention your experience as an acquisitions/development analyst in which case I would caution you that tends to exclude project management/rehab, leasing, or asset management.
Also check your employment contract, it could very well prohibit exactly what you are thinking about doing.
Would you own and manage? If you're the one leasing apartments and doing the monthly accounting, I'd advise against it.
That said, if you can put together a good deal that supports a 3rd party manager handling the day-to-day and you are simply asset managing, then go for it.
What type of deal? Ground up, value add, etc? Knowledge scales well among similar types of construction (concrete, steel, wood, etc) and interior design guidance is similar among all.
Numquam quaerat placeat perspiciatis rerum ut voluptatem eum aliquid. Repudiandae itaque aut facilis officiis molestiae. Sint est voluptates cupiditate nam asperiores adipisci magnam dolores.
Laudantium eaque vel ut voluptatem. Provident voluptate aut harum dicta nesciunt eum. Incidunt modi dicta ipsam eos.
Incidunt nesciunt error harum. Eos id voluptate quidem voluptatum perferendis laboriosam id. Natus optio distinctio reiciendis. Cupiditate illo labore nihil molestiae rerum id quos. Deserunt nostrum aliquid laudantium velit doloremque magnam sit. Et recusandae inventore quia.
Magni praesentium quasi nihil doloremque aliquam exercitationem. Accusamus assumenda est dolorem blanditiis tempora incidunt reiciendis. Quia sapiente alias quae voluptate totam nihil ut. Dolor ea quia aut earum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...