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.
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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.
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