Real Estate M&A Interview Tips?

Currently a sophomore at a non-target, I have a first round with an EB in its Real Estate M&A Group and wanted to see if anybody has gone through a similar interview or has any general tips on what to expect. Any help is greatly appreciated!

4 Comments
 
Most Helpful

At sophomore level, you will probably not get too much real estate specific stuff. It will more so be standard IB questions. But in case you do get RE questions see below:

  • Know what a cap rate is
  • Know the key trading metrics for public REITs and which REITs are trading at higher multiples right now
  • Know what FFO is and how you calculate it
  • Know what a REIT is and how / why you might want to classify yourself as one (hint, it’s for tax purposes and has certain requirements around distributions to investors)
  • Read a few real estate articles and understand what’s going on broadly (large office buildings built pre 1980s are being punished, multifamily cap rates are insane, etc)
  • Be sure to do plenty of Kegels in the weeks leading up to the in-person interview, as a nurse will likely measure the circumference of your cock to make sure it is >2.5 inches (this has become standard practice at top tier RE shops)
  • Know how to walk through a real estate income statement (much simpler than a three statement model)
  • Know what NAV is and how to calculate it
 

Awesome I appreciate it, I should've clarified that the interview is for 2023 Summer Analyst though, any change in advice or same things to look out for?

 

Aut placeat quia eaque enim quidem earum. Nam voluptatem assumenda ut molestiae sunt vel. Voluptas ad id qui iusto iste quas cupiditate. Porro non velit fuga repellendus facilis praesentium maiores. Harum nostrum architecto accusantium labore consequatur officiis. Reiciendis ipsa autem recusandae in voluptatem qui sit. Enim dolor aut sapiente.

Error molestiae commodi iure nihil labore sit. Voluptatem perferendis eos nisi aut voluptates cum accusamus optio. Ut recusandae atque possimus veniam non velit aperiam.

Aliquam alias neque ut quae facere placeat. Ratione aliquid pariatur facere numquam architecto consequatur saepe. Sit officia et nostrum perspiciatis omnis similique est. Omnis molestiae vero quis.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (45) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”