My entire team just got let go, hold on tight boys!

Nice of them to do this before the holidays. Mid-size acq shop focused on multifamily. There was nothing to do for awhile, but management indicated they wanted to hold onto the staff for as long as possible in hopes of a rebound. I think they finally hit their limit. We were helping out on the AM side of the business but there was just too many hands and not enough work. I understand the decision, but this sucks. Hold on tight and be grateful, its going to be a bumpy ride.

 
Most Helpful

Sorry to hear this. I hope you bounce back quickly. I was laid off 2 months before my first born child came into the world. It's a cold world. Good luck on the next move! For those out there in the real estate world no employer cares. If you're not in it to learn how do it yourself, you're wasting time. Much more lucrative and stable professions with real pay, benefits, management processes. Stuff like this will be a real turn off to the next generation hopeful real estate professionals. 

 

Haha second child on the way, so feeling the pain, but oh well, more time to spend with the family which is more important

I just took what I can find knowing it would be a bumpy ride for a year plus. Yes focusing on family and the ultimate move to be on my own at this point. I have little faith in the big real estate development in my area. Good luck!

 
BigMoneyPlays

New England area, very prominent shop

Definitely Gilbane.

 

Sorry to hear this. I might be in the same boat soon - can you talk about how many weeks / months of severance did you get? Also, are bonuses going to be paid out for the year? 

 

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