REIT AM —> REPE Acquisitions. Possible?
I am currently an AM analyst at a large REIT (federal, kimco, brixmor, etc) and I just don’t love the day to day. I have always been attracted to acquisitions and underwriting but did not have that opportunity out of college.
Do you think it’s possible to make the pivot listed above? If so, what is my path to do so? I work a good amount in Argus and feel confident with that. How can I make the switch? Thank you.
Transitioning from a REIT Asset Management (AM) role to a REPE Acquisitions role is definitely possible, and there are actionable steps you can take to make this pivot. Based on the most helpful WSO content, here’s what you need to know:
1. Leverage Your Current Skillset
2. Develop Additional Skills
3. Networking
4. Positioning Your Experience
5. Timing and Strategy
6. Supplementary Education
7. Target Firms
Final Thoughts:
Your path to REPE acquisitions is achievable, especially with your Argus expertise and REIT experience. Focus on building underwriting skills, networking strategically, and positioning your experience effectively. Many professionals have successfully made this transition, and with the right approach, you can too!
Sources: Career Advice: Family Office (RE Developer) --> MBA --> REPE, Better career path: associate at REIT or small PE shop?, Ranking of PERE 50 firms for Acquisitions Analyst out of UG?, REPE Megafund Asset Management Comp, Non-Target Construction to MF REPE - 14 Years Later
Bump, in the same position tho lol. have you found any luck?
I actually landed a job at a bank doing something totally unrelated lol. My asset management coworker landed an acquisitions role at a family office tho
An internal pivot may be the easiest way to go about this. Is that possible?
Definitely possible, but you'll get a modeling test and will need to at least have the basics down to land an offer. Note, acquisitions at most shops are very slow and openings will likely be few/far between, so it may not be a great time to pivot.
Went from operator AM to big name dev (hines/ tcc / related, etc.) acq. Agree with other comment that acq roles are few and far between but its definitely not impossible. I got lucky by getting in with a hybrid acq/am role, then transitioning to full time acq. within the company.
My best advice would be to either 1. Look to transition internally or 2. Look for a hybrid role and study up for your interviews on acquisitions/modeling
Super key to able to speak to your experience with AM and how that might impact acq decisions, eg. What sorts of efficiencies (cutting staff, lighting / hvac upgrades, leasing strategy) did you drive within your assets to increase returns
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