PM to Asset Management - Realistic Pivot?
Looking for some advice on moving from property management/ops into asset management.
By early next year, I'll have 6 year of CRE experience, primarily institutional medical office, working for a major publicly traded healthcare REIT in a major Sun Belt metro. I'm currently a senior PM managing approx. 700k+ SF with experience budgeting/reforecasting, CapEx, leasing/TIs, variance analysis, portfolio reporting, and working cross-functionally with construction, accounting, and leasing teams.
I'll also have completed my MBA with a Real Estate concentration and plan to complete Training the Street's Real Estate Bundle for financial modeling.
I'm in a good situation and don't need to leave, but I've realized that I want to move away from day-to-day operations and more towards asset strategy, capital allocation, portfolio performance, etc.
For those in AM or who have made similar transitions:
a. How realistic is PM to AM with this background?
b. How much will the lack of direct acquisitions/underwriting experience hurt me?
Appreciate any advice, especially from anyone who's made a similar move or hires for AM.
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