Singerman Real Estate…thoughts?
Ignore title, still in college. But does anybody have any opinions on Singerman real estate? Chicago based repe fund seems like they do opportunistic deals with broad depth of deal type? Appreciate any thoughts.
Singerman is legit. They’re not massive but when I was on the sellside they would look at our more hairy deals.
I get the feeling they’re more “Wall Street” and less vanilla than some of the other Chicago firms.
That said, no idea what pay is like - not that you should care at your level.
Agree with the above. They are definitely more “Wall Street “ compared to most of the other Chicago firms. Very opportunistic.
Seth Singerman has a great reputation from what I know. They were way ahead of the game on life science play and capitalized some of Bollert Lebeau's (now Bioscience Properties) earliest life sciences deals in SD. Think those were deals where they made 2-3x in 18mos.
Seth is a notorious negotiator, for better or worse, and often gets in his own way but he has smart people working for him. I’ll echo what others have said in that they’re willing to look at deals most won’t. That said they know that to be the case and have built a slight reputation for retrading a lot of deals knowing that they’re often the only horse.
Now im not saying that necessarily in a negative light but i know it can be frustrating from a partner perspective, broker perspective and from an employee working for him perspective. I know first hand that he’s killed deals out of sheer arrogance and ego that would have made his investors money and now those deals are under water. That said he’s a salesmen and hasn’t struggled to raise funds, which in the end is the lifeblood for LPs and is one of the bigger factors in deciding whether or not you should consider working for a fund.
Echo the same above but in a more negative light. Partnered with them in the past and have heard his decision making and arrogance can truly get the best of him and can cause significant frustrations internally. But yeah apparently he can raise money efficiently.
Haven't worked with him personally but know him from industry in general, I could totally see this being the case. Seems very smart and the deals seem to get pretty ugly/hairy. Seems like a sick place to start but in mid-career I'd probably go do something easier tbh.
I just want to say, because I don't think it's been mentioned yet, that yeah I mean he is legit but he also does hairy deals and oh btw while he is doing deals that are hairy, there are certain times in which he may let his ego / negotiation tactics get in his own way. According to sources, this sometimes frustrates stakeholders (Think internal employees, brokers, Mothers Against Drunk Driving).
Interned there for a summer, can't highly recommend enough. Great firm and you'll learn a lot. People are chill. Cool deals and have raised solid funds relative to headcount
can i pm you?
.
Hey man do you mind if I pm you?
Bumping this
Did anyone get a first round for Chicago?
Quia eos inventore nobis. Totam ut dolores maxime optio sapiente sit. Sit assumenda ducimus quia est. Tempora veritatis quae iusto non et neque aliquam. Magni sequi qui voluptatem ut eveniet excepturi aut inventore.
Veniam quia culpa molestias voluptatem quia asperiores. Error libero dolorum voluptas. Cupiditate qui expedita fuga sed aspernatur provident nostrum. Vero placeat et sit excepturi quia. Occaecati vitae pariatur occaecati praesentium doloribus. Similique vel est aut nam itaque sed.
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...