Moving from Core to Value-Add/Opportunistic?
Doing mainly core/core+ acquisitions (closed end funds) now and looking to switch to a more value add/opportunistic shop. Can anyone speak to how that experience is viewed by employers?
Based on the most helpful WSO content, here's what you need to know:
Experience Perception: Transitioning from core/core+ acquisitions to a value-add/opportunistic shop can be seen positively by employers. It demonstrates a willingness to take on more complex and potentially higher-risk projects, which can be appealing to firms looking for candidates with a diverse skill set.
Skill Transferability: The skills you've developed in core/core+ acquisitions, such as financial analysis, due diligence, and deal structuring, are highly transferable to value-add/opportunistic roles. However, you may need to emphasize your ability to handle the additional complexities and risks associated with these types of investments.
Interview Strategy: When interviewing, be prepared to discuss specific examples of how your experience in core/core+ acquisitions has prepared you for the challenges of value-add/opportunistic investing. Highlight any relevant projects where you had to think creatively or manage higher levels of uncertainty.
Market Perception: Employers in the value-add/opportunistic space may view your core/core+ background as a solid foundation, but they will also be looking for evidence that you can adapt to a more dynamic and potentially volatile investment environment.
In summary, your core/core+ experience can be a strong asset when moving to a value-add/opportunistic shop, provided you can effectively communicate your ability to handle the increased complexity and risk.
Sources: SA interviews – an interviewer’s perspective, Superday Advice From a Tired Interviewer, Looking for Perspectives on Unemployment, ~3 years experience 3 jobs, should I be worried?, Things Employers Tell Interviewees and What They Really Mean
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It's fine. Just apply. What were you going to do differently in your life is someone said it's impossible.
Value add deals in every single asset class are more complex than core deals. Core deals are largely "This is a great location, occupancy is great, term is great, oh the manager sucks and we can do better". Value add deals require more creativity and brain power that can trickle over to core deals, if you have both you're a dual threat, but I would imagine most non-strictly core buyers would prefer the value add experience (as long as you're not a no name syndicator).
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