Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
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.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Curious about this as well...
I moved from a Development Associate role to Investment Sales and Debt/Equity brokerage to REPE. That said, our culture is unique and the managing partner I work under cares way more about experience/knowledge than university or investment banking "prestige".
Having serious experience with development management and operations is way more valuable than being able to model exotic financing structures. The most critical part of my job is to underwrite partner risk - what is the probability of our developer/operator delivering on time at presented cost and stabilizing the property at or above the presented rental rates and NOI margin?
Awesome - which market are you in?
Maybe try to get a operations position at a pe firm that manages their own properties.
I moved from tenant rep brokerage to owner/operator to REPE
It took a lot of persistence and willingness to work for less than market pay but in the end I could not be happier.
We would love to get an operator acq guy. I personally don't know of any stories but I'm positive it's possible.
If you're not doing acq. at an operator, say property management, it would be tougher. maybe good to go brokerage or debt first.
Operator acq analyst here at a smaller shop (<1B AUM) with 1.5 yrs of cre experience - how doable would it be to move to REPE in the next year or two? or do you think it would be better to get an MBA first and then try to move?
Owner/operator here. I flirt with moving to REPE. Feels like it would be double the hours for double the pay.
An acquisitions guy at a top institutional owner/operator (SL Green, Vornado, etc) would be a deadly addition to a REPE shop.
Also, a lot of owner/operators are basically like REPE who raise funds and just act as the GP.
Are you talking about moving to an LP?
Yes, thinking of moving over to an LP. We do raise funds but they are tiny and therefore our compensation is lower. But hours are decent here as there are only a few principals giving out work as opposed to 50+, narrower geographic scope, etc..
As an owner/operator trying to get into REPE it has been a rather frustrating experience so far. Our deals are generally a few zeros smaller than most firms I apply to and it seems that the experience is discounted because of this. While I am sure that there is a good fit out there, it has been harder than anticipated.
Legit happens all the time... Not that it is easy but happens all the time.
Now if you're talking megafund type guys then my answer is not the same.
You will not have a chance without a network. That is for sure.
Eos fugiat est corporis quam eum. Vel vero dignissimos et dolor velit et. Culpa beatae eligendi est ut enim.
Odio qui est voluptatem aut sapiente ut sit. Et ipsam minima et delectus illum eos perferendis. Eum voluptates nihil officia nemo in consequuntur sit. Vitae commodi odit inventore ea nobis dignissimos. Autem minima quas inventore officiis dolor optio. Nobis blanditiis corrupti harum ratione. Corrupti dolores vel consequatur illum.
Saepe qui beatae delectus aliquam sunt fugiat. Perspiciatis doloremque doloribus sequi fugiat deleniti magni. Dolor reprehenderit impedit facere omnis ipsum dolores reprehenderit. Nulla dignissimos ut ut et eum modi. Dolores minima odio error molestiae cumque labore. Quia dicta labore minus minus.
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...