REIT or REPE for acquisitions?

I am a fresh graduate with considerable internship experience. I have the chance to continue working after my internship in a full time position as an acquisition analyst at a Retail REIT ($10B AUM). Or to work at a small REPE that deals with MF, that has about 10 employees. I feel like the REPE gives me more of an opportunity to break into a bigger REPE firm in the future. Any thoughts?

5 Comments
 

Reputable, brand name REIT over small REPE all day, no question.

These are really just different financing and corporate structures, the applied work is the same. REITs are increasingly investing in value-add/opportunistic deals, and I can pretty much guarantee you that the level of sophistication is going to be much higher than at a no name REPE shop.

People move between REIT and REPE all the time, that's not a concern. 

 
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I have no idea why you think a smaller shop would make it easier to break into a bigger shop, rarely ever works that way (not saying it can't happen, it does for sure, just mean it's far easier to go from large to small than other way).

If you are fresh out of UG, and you can stay on where you interned, and that place is a $10B AUM REIT..... winning. Unless I'm missing something, what is the appeal of this shop with 10 employees... what is its AUM and history? Seems pretty easy call unless there is something about the smaller shop you are not describing that makes it unique.  

 

Ignore the top two answer because they’re answering with no context. Give the AUM, how old, and general track record of the REPE and you can get a good answer to your question. If the REPE has 3 billion AUM and a 10 person headcount then income/head and AUM/head is upper upper quartile in which case it’s a very attractive option, if not the case then maybe not as attractive.

 

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