What kind of exit ops exists for a REPE analyst in the multi-family, retirement, office, and development space? I'd like to try it, some of my family works in the industry and others are big investors. It seems interesting but hard to say without trying it. I don't want to pigeonhole myself. I am also interested in corporate development.
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Don’t do real estate, it’s the bottom bucket of finance
Yes, exactly this. Keep saying this. Very bottom bucket. No opportunity at all, no money. You definitely don’t want to do real estate.
Yes, I love it. Leave these prestige chasers in IB/PE/HF.
Good insight from the CMO of a prop trading firm…
I made that up to stay anonymous imbecile
Can you pigeonhole yourself? Yes but let's be real, for corp jobs after you can pretty much just make your job title sound like an IB job. Considering every job in the world now seems to require 2 - 5 years of consulting or IB work. Mostly becuase companies are full of stupid morons who have no idea what skills are actually necessary for their jobs.
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So, life is all about options right? The problem is when you select one path, the truth is, yes you are probably closing off others! For careers, this has far more to do with the fact that most people don't want to do a "restart", and if you do a run in real estate and then want to join "corp dev", you may need to "restart". You could use an MBA and level up (the expensive but elegant, and often effective restart).
My own experience, and that of most my friends in this biz... people who enter real estate don't want to leave... because they like it. Is this universal? Nope, but you asked in the RE forum so you get what you get!
I left REPE after 2Y because I was afraid of pigeonholing myself. Here are some thoughts on why I was wrong:
Overall, wouldn't be too concerned. If you have an opportunity at a top REPE player, take it and see if you like it.
I've written on my REPE to PE transition in other threads, see below if you're interested:
Some thoughts on my reasoning behind moving away from REPE below...
https://www.wallstreetoasis.com/comment/1997275#comment-1997275
...and my thoughts/regrets after 1.5 years in my post-REPE role
https://www.wallstreetoasis.com/comment/2615242#comment-2615242
Great post, joining a MF REPE in Europe as an Analyst as well (firm does platform investments, public markets, single assets, etc.). I like RE but am considering going to the HF space too. From your time in REPE, which megafunds had the best exits into HFs if at all? Thinking BX, APO, KKR, BAM, Starwood, Carlyle, Bain, etc.
Thanks! I'm not sure which firm would place best but think that your experience/deal track record will be the most relevant distinguishing factor. If you've done a take-private, bought some funky NPL portfolio or taken a stake in a public company, you can sell this as HF-relevant experience. Having said that, I have a friend who moved from MF REPE to HF after several years of only doing 'boring' portfolio deals in Europe, so it can be done for sure!
Why are you worrying aobut pidgeonholling yourself? Honestly, work that is similar to IB, half the hours, significantly better partner track career paths, also much easier to branch out on your own as the ability to raise capital is really tied to the assets as opposed to purely your career path.
Because not everybody likes real estate that much
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