Hey RE monkeys, long-time reader first-time topic starter here.
Recently joined a small REPE acquistions team on the West Coast. As I'm relatively new to the industry, I'm curious what deal flow is like at most shops and if other firms are spending money as quickly as we are (closed on three in the past couple months, $100M+ total). The properties aren't opportunistic, so we have lower requirements, but damn this is moving fast. A couple friends at larger integrated firms (like Tishman, Hines, etc.) said they only close a couple per year?
Mainly I'm worried about May 26 when I'll have to call in sick to watch all the new Arrested Development episodes.
Joined a smaller shop in January. Since I've joined we've got 1 deal tied up, will close next month and we've bid on about 5-6 others. Waiting to hear back on 2-3 of those and a couple of the one's we didn't get might come back to us though as other firms can't perform.
Nice what types of deals (core/value/opp)?
I also don't know if there's a direct correlation with closings and comp. I guess it probably varies from fund to fund
However, as we tend to discuss ot death around here, stepping back and looking at overall comp numbers, the best comp will be at the more flexible, creative opportunistic places. You're not going to make big money at a core fund sponsored by a life co.
$100+Mil total spread out across only 3 deals! How big is the fund? I'm in the office/industrial space and the market is red hot for these kind of deals right now. Lots of institutional and private investors are stepping in and getting more aggressive. So far we've got 4 across the finish line and around 5 in the pipeline.
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