RCLCO Thoughts?
Hello WSO Fam -
Hope everyone is having a good summer. Have an opportunity to connect with folks at RCLCO, and wanted to get some insights.
- How is the company culture?
- What is the company's reputation in the industry?
- Is this a good place to learn?
- How well does this skillset transfer to other specialties?
- What advantages does working here provide that you wouldn't get elsewhere (capital markets or principle side)
- Anything of note about leadership?
Thanks in advance!
Limited interaction, but the two or three people I met both seemed very smart but arrogant. Consultants who seemed more focused on showing how smart they were rather than executing deals.
Probably not a bad place to learn a lot, but not sure how smoothly the exit to a development or acquisitions seat would be if you get pigeonholed.
I would rather hire someone who cut their teeth at a brokerage rather than a consultant to join my investments team.
I worked there a while ago, so some of this is stale, but I keep in touch with a few people there. They split the company into Fund Advisors and and Real Estate Advisors? Which are you talking to, or both?
Thanks, this is great. Speaking specifically the Fund side. Can I DM you?
Yeah sure. Again, it’s been a while, but happy to help where I can.
One thing you need to be eyes wide open about. The business model of RCLCO is effectively this - asset managers, acquisitions guys, and developers pay you to validate their ridiculous assumptions. You are effectively trying to back into an analysis that justifies what your clients want so they can use that to sell to lenders and LPs. I think it'd be a good place to learn for a couple years. But I would not want to do that long term.
Read the IAPD.
Thanks, John. Is there something specific I'm looking for on the IAPD? From an outsider, it looks more like regulatory/compliance docs.
Ditto what Larry David and CoffeeBong said. I did my MBA internship there. I learned everything I needed to from their platform in those 8 weeks. Once you've done one of their apartments studies and understand the mechanics of their models, you're basically just doing a creative writing assignment on justifying why this building is different from the others and why it deserves top rents.
Hours definitely aren't 8:30 - 7:30 for the real estate advisors, maybe the fund guys are different. Definitely had some hardos who really bought into the consulting mission.
It was very hard to stay engaged, I could do the work in like a quarter of the time they gave me and didn't need to continuously review it with my boss even though she was like it's an iterative process. You'd need two rounds of edits at most, I could do the job in my sleep. Didn't get a return offer lol, I was literally quoted "He's good at the work but doesn't seem interested in being here" in my end of internship review. I don't disagree with the assessment.
Thank you, this is helpful. Can I DM you?
Sure thing
Can only imagine how easily AI could generate their reports with all the previous work product to learn from.
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