Owning Real Estate as while working in RE Equity/Debt at a bank/fund/developer
Hello - does anyone know if there is anything 'wrong' with owning commercial real estate (think 10+ unit MF, retail, office, etc.). This is assuming nothing is being hidden/everything is disclosed via your companies policies but curious if anyone ever had an issue (or heard anyone having an issue) being an investor (GP or LP) in Commercial real estate (with CMBS or bank debt)? Thx.
Honestly, it depends. Since real estate is viewed as passive, it should be fine.
But on the other hand, I know someone at a very big family office who sources deals for one of his own companies, and brings them to the family office to invest in.
I've always wondered about this as well. It's a goal of mine to start flipping houses/building a rental portfolio while I'm working and I'm wondering how this will jibe with employers.
I think you'll get a variety of answers here.
In my experience, it is frowned upon regardless of company policy and can be used as a political chip against you.
This is a hot take. Everywhere else I have worked most employees, particularly senior ones, had some personal investments. It is very unlikely that you would be playing in the same sphere as your employer.
Understood and thanks for the replies everyone. My biggest concern was financing these investments, especially if one works at a bank. I'd imagine using a residential loan (for investment purposes) wouldn't be too much of an issue - however if something like a bank, lifeco or CMBS loan was used, still unsure if that would be of concern (provided everything is 100% disclosed).
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