REIT Compensation and REIT -> PERE Transition
Dear all,
I am a second year MBA student in Chicago (Booth/Kellogg), and received an offer to join a REIT in NY, paying $135k base and a target bonus of 20 - 30%. Judging from comments on this forum in earlier topics, this seems a reasonable number. Would it make sense to negotiate in order to bump up this figure to $150k+?
Furthermore, how often do you see a switch from a REIT to a PERE fund? I would be doing acquisitions, so even though I appreciate there might be some differences, the skill set you develop in either place wouldn't be too fundamentally different?
Thanks!
I have a friend that went to one of the top UG real estate programs and started at a REIT for 3 years then transitioned to REPE. I have another friend that just left after 6 months UG from an advisory role to another boutique REPE. I think it's tough in general to get an offer from a mega fund, but shouldn't be too hard to land a job at a smaller fund. Not that I know for sure, but my general sense is that the earlier you try to transition to REPE, the easier. There's generally fewer openings the more senior you are.
Repellendus dignissimos rerum autem quis dolor et voluptatibus. Expedita quis amet minus et quidem. Sapiente natus voluptatem doloribus sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...