Good morning everyone.
I have an interview coming up with Prudential Real Estate Investors. I received this interview through networking. I don't have any experience in this field through an internship nor do I have any relevant coursework.
What should I expect in this interview? Mainly fit or very technical? Do you guys recommend any particular study guides?
I would appreciate it if you guys can give some pointers.
Bump; anyone?
For acquisitions: they will send you a case study. You will be expected calc typical RE financial metrics and make a recommendation on pricing. If you do not have experience underwriting or putting together committee memos, you will most likely have a difficult time with the case. (Side note: case studies are becoming more and more of a standard practice among institutional RE investors).
For other roles: no idea.
I have a feeling you will be interviewing for more of a support role, rather than acquisitions. To my knowledge, PREI doesn't hire experienced candidates with no RE exp, unless its for a support role.
Do you think case studies are also given out to potential undergraduate hires?
Good question, I should have adressed that.
I would say...maybe.
The entry-level has been unusually competitive. Our fim's standard practice is to email a case study to candidates, which is typically above and beyond what an undergrad would know or have experience with (even with relevant internships). But we will get 2-5 candidates who will breeze through the material like they have done it before and the rest fumble through (also, fumbling does not constitute an auto ding, we try to be realistic with out expectations). We have the candidates walk us through their analysis (just in case they recieved any outside help) over the phone. The next step is another in-person case study (this time with basic Argus skills integrated) and the candidate has to present an investment to a "committee", which consists of our acquisitions staff. Most candidates fall apart at this point (again, this is mostly expected), but its great for the candidate if they can keep their cool and communicate effectively. Then we asses "fit" (taking the candidate out to lunch), which is mostly bullshit because at that point we are already comfortable with the candidate.
BUT, my firm has mostly phased out undergrad recruiting since 2008.
I would expect that other firms do require their candidates to go through the case study process becuase those firms usually target folks with at least some (ugrad and internship) exp. But I could be wrong.
Thank you RE Capital Markets. I read the description for the posting again and it is indeed an 'Investment analyst' role.
This is part of the description "Analyze and underwrite investment decisions for leasing, financing, buy/sell scenarios including preparation of cash flow models, sensitivity tables, and property valuations, and joint venture structuring."
I am still looking for a solid study guide to get me up to speed. Any suggestions would be great.
Here is some advice to prep for your Case Study should they make you do one:
That's all i can think of for now. Good luck.
Thanks RE Capital Markets for the guidance.
Bump, anyone else got any info? A friend of mine has an interview coming up and wanted to know if there is anything to prep for? Is the interview more behavioral/technical?
Thx
Jimbo, shoot me a message with any specifics about position, location, etc. Might be able to give you some insight.
Thanks, friend didn't get past first phone round :(
You wouldn't happen to be going for a debt originator position would you? A girl just left Pru that we worked with quite a bit. All I know is that she left Pru after 3 years and decided to take off 6 months in southeast asia while trying to get a position for an equity player to the money must have been good.
Prudential Real Estate Investment Analyst super day (Originally Posted: 10/12/2015)
Hello,
I have a super day coming up for Prudential Real Estate's Investment Analyst Position coming up. They have given me a Case Study to work on and talk about it during the super day.
I wanted to know if anyone has any advice for me going into the Super-Day and what should I look at to prepare for it
Thanks
Wouldn't debt origination be with PMCC? I know PREI has a small debt platform but PMCC does originations in the billions.
Is this for PREI or PMCC?
Its for PREI
My experience, they didn't even mention the case study, just that I did a good job on it. They asked about prior deal experience and stuff on the resume. Very laid back and very fit-based interview. GL
I had the same experience. Surprisingly nothing on the case study. All fit and resume questions with some logic/brain teasers thrown in. What location?
Yea, I just saw Pru and didn't read the rest lol
Prudential Real Estate Investors investment analyst interview (Originally Posted: 10/03/2013)
Does anybody have any feedback on final rounds for PREI? What types of technicals? Fit questions? Looking at past posts, I couldnt find any specific guidance to the final rounds. Any input would be appreciated.
Thank you!
All good. Both members of the Prudential family, but have very very little communication with one another.
For which office? From what I remember there was a case study that they gave you beforehand (although no one really asked about it or they asked incredible basic things about it). Mostly fit though.
My bad inspired on not getting back to your last message. I've been super busy with deals we're working on. As you know, I made it to the final round and was brought up to HQ to meet with the team. They narrowed it down to me and one other candidate, and unfortunately the other candidate had more experience than me (since I'm only 4 months out of school) so they went with the other candidate. I interviewed in-person with four people and they were mostly fit/personality/behavior questions with a couple questions on how I would go about valuing different properties and stuff like that.
Kind of disappointed because the director of the fund the position was in told me I did great and everyone liked me, it was just the other candidate having more experience.
no problem. Thanks a lot dk for taking the time to read my messages and responding. Good luck to you and I'm sure there will be other opportunities out there in RE for you. Seems like a good market for RE right now.
I had pretty much the same experience that DK2345 had. All of the questions I had, both phone and in person, were mostly fit based. I can't recall getting any technical questions. The people that interviewed me all said they liked me, but unfortunately, I lacked experience at the time so they chose to go with someone else. I was really disappointed at the time since it seemed like an exciting opportunity but c'est la vie. Perhaps when I've gained more experience I can get another crack at it. Good luck on your interviews.
I once interviewed with these guys; they didn't hit me with any technicals, but they definitely asked about certain technical skills and specific experience I had.
yes, PREI is very different
Prudential real estate investors SF Interview (Originally Posted: 12/21/2011)
hi, does anyone have any experience interviewing in the final round with this office. I would truly appreciate sincere advice from people. Thank you so much and happy holidays
anyone?
please help !!
bump !!!
Bump. I'm interviewing w/ Dallas office in a month but no experience with interviews with them yet.
ALL FITS
Anyone got any experience with this? Any of the offices?
Acquisitions or Asset Management role?
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