Most analytical position in CRE
I was wondering which jobs in CRE are the most technical and analytical ? I'm currently interning in investment sales as an analyst for a top 3 brokerage firm in a big european city but I feel like the work is not really intelectually challenging. I know what the day to day job of an asset manager on the buy side is like and it's still not a highly technical field. I was wondering what jobs are the most intellectually challenging and also pay well cause that matters. By the way I will work in North America in the future, US or Canada in case that changes anything. I was thinking development or REPE for a major fund but I have close to no idea.
Nice username OP
Nice picture Mr Baum
That’s a nice haircut. Did you do it yourself?
Research at a REPE gets pretty technical. We write a lot of white papers based on real data analysis, make our own forecasts for hundreds of markets, and do a lot of portfolio optimization. For example I just did a big project looking at assisted living rent growth in metros across the last 10 years and tried to identify predictive measures of outperformance.
Not to hijack this thread, but what predictions did you come up with
That the demographics and resources of the adult children are a lot more important than those of the seniors.
Some of the large REITs have research departments.
Yes, you could also work at somewhere like Green Street, they do some very interesting work.
Costar (consulting) does as well sometimes, but don't work at costar.
I've met with REIS a few times. The team of economists they have on staff are pretty interesting.
That's a much different question than "which is the most analytical?"
Agreed the way I wrote it is kinda confusing. I just assumed that most of the time the most intellectually challenging stuffs are analytical which is not really the case.
Most technical is probably whoever slices and dices CMBS pools to create bonds.
That would be Bill, the bond company stooge.
My buddy on GS CMBS team told me it is a bunch of Asian math geniuses from places like MIT and Caltech and no one fully understands how what they are doing works...
Sounds like not much has changed since the crash...I remember many stories of ratings agencies back then just straight up using the ibanks' models because they could not wrap their heads around what was going on.
Why does this remind me of that scene from The Big Short with that asian kid lol.
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