I have a possible Research Analyst position lined up in a major city for the likes of C&W, CBRE, JLL, Colliers. I was wondering whether this is a good place to start my career to potentially end up in acquisitions. Is a smaller development/investment firm a better bet even without a brand name? Where will I learn more? Family also does CRE investing so there is a strong possibility I will eventually work for family business.
I know there have been similar threads but thanks in advance for any input of advice.
Talk to CRE
http://www.wallstreetoasis.com/blog/ask-me-anything-head-research-analy…
Yes I was going to reach out directly however I was hoping I might get some advice from others as well if I created a post.
Thanks
Prospie thanks for your comment. Long time reader on these forums and you always have insightful posts. Is a Research Analyst for a firm like JLL, C&W and CBRE a reasonable place to start if I want to end up in acquisitions? Assuming I will also be pursuing my master in RE. I am trying to decide if I should wait for something better or take it and leverage this experience down the line.
Thanks
Not a bad place at all - you can learn some good basics - just don't stay there for too long if you have huge aspirations to develop or work in acq or AM. RE research isn't rocket science and if you get complacent, you will probably find it hard to make a move from there. But hey if you love it and want to make a career out of it, more power to you.
Switching from Equity Research to CRE with ultimate goal of REPE (Originally Posted: 10/30/2012)
Been doing ER at a top 3 BB since last summer and have gained a reasonable amount of skill in valuation but would like to transition to CRE. I was wondering if anyone had any insight on how I could go about making this transition?
Many thanks
What industries do you cover?
which sector?
dude he hasn't responded in 2 years
Research to acquisitions: modelling advice/help (Originally Posted: 12/25/2014)
Hi all,
I'm currently working in a research role for a large real estate firm and I would like to eventually move into an acquisitions role (PERE or REIT - doesn't matter too much to me). Reason for the switch is that I have always enjoyed the technical aspects of RE but working in a research role, I don't get to work on an asset specific level.
I have purchased the BIWS RE modelling course and i'm working through it gradually. I've had a quick browse through the topics and I have noticed that there isn't a walk through for a JV (Unless of course the first example, office development with investors, counts as a JV with the waterfall model).
I guessed this will probably be quite an important thing to learn so I was wondering if anybody has any suggestions as to where I could access any similar tutorials or even sample models? I've seen getrefm mentioned in this forum - would this course cover what I need to learn?
https://www.getrefm.com/select-a-category-refm-self-study-video-tutoria…
Any help/suggestions/advice would be much appreciated!
Also as a final note, I'm aware (be it rightly or wrongly) that the BIWS tutorials only give me a basic look into the world of RE modelling - much like university only prepares you for the basics of working life. Does any one know if there are any sites with sample models for RE? Unfortunately most sites I have come across seem to be part of tuition websites which cost quite a bit...
Try doing Google searches such as, "multifamily proforma xls" or "development model xls". The key is to include "xls" in your search. I guarantee you will be able to get plenty of models that you can download and work with.
As far as JV modeling, I think REFM does have a JV modeling course. I really wouldn't stress too much over this. JV partnerships can get complicated but that is not going to come up in a job interview. Again, search the web for some info on JV's, partnership agreements, capital stack, etc. and you'll be fine.
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