What happened to Slate? Heard they fired a bunch of analysts/associates and saw something about potential foreclosures? I thought it was a solid shop, did they hire too many people or are business conditions finally starting to impact them?
| +48 | Anyone else being pushed to underwrite more aggressively (Multifamily)? | 14 | 3d |
| +30 | Uncertain of what To Do Next | 5 | 13h |
| +28 | Capital Restricted Developer | 2 | 1d |
| +28 | What should we be buying? | 21 | 3h |
| +27 | Basis play / value-add office in high-growth markets - value trap or generational buy? | 10 | 2d |
| +22 | Warning: J. Shaw Recruiters | 5 | 1d |
| +18 | Due Diligence - ALTA Survey | 3 | 1d |
| +17 | Laughable Job Posting | 3 | 2h |
| +15 | Seeking Advice: How Do You Get Value from ULI Membership? | 2 | 4d |
| +11 | PGIM Real Estate Equity vs. Private Credit | 3 | 4d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on previous WSO threads, here are some insights into the current state of the industry and layoffs:
Layoffs Across Firms:
Business Conditions:
Over-Hiring:
Impact on Junior Levels:
General Sentiment:
For more detailed discussions and updates, you can refer to the following threads on Wall Street Oasis: - https://www.wallstreetoasis.com/forum/investment-banking/just-so-you-gu…</a">Just So You Guys Know... - https://www.wallstreetoasis.com/forum/investment-banking/gs-layoffs-the…</a">GS Layoffs - The Chopping Block - https://www.wallstreetoasis.com/forum/investment-banking/hl-recent-layo…</a">HL Recent Layoff
If you have more specific questions or need further details, feel free to ask!
Sources: GS Layoffs - The Chopping Block, Analyst - Laid Off, GS Analyst Survey Results, Just So You Guys Know..., HL Recent Layoff
https://renx.ca/slate-office-reit-receives-notices-of-default
My comment got removed... not sure why as it is public knowledge and on public journalist sites.
Maybe the mod team will like a Financial Post more than Renx?
TLDR; office REIT defaulting potentially soon.
https://financialpost.com/real-estate/property-post/slate-office-reit-1….
My personal opinion only
Office REIT is focused on suburban office so they are understandably going through a nightmare on that front right now. Their grocery REIT is healthy as far as I know and actually quite a good portfolio.
In my opinion, Slate has strong leadership but a lot of their juniors and mid-level folks, at least in Canada, are just ok. A lot of nepo and personality hires. They also seem to overstaff and then lay off on a recurring basis rather than trying to find a sustainable level of staffing. I feel they tried to grow too quickly and have run into some growing pains, but long term they'll be fine.
Unde repellendus dolor cupiditate. Aliquid molestias ex sint soluta ut qui iste. Ducimus cupiditate sed et quo sint. Molestias quo et voluptas sed et excepturi occaecati eligendi.
Voluptas et est sit architecto expedita libero perspiciatis. Mollitia nulla quos ullam consequatur.
Aut aliquid quae sed omnis omnis voluptas. Vero consequatur repudiandae adipisci minus unde fugit maiores. Nesciunt tempora omnis voluptatem. Repudiandae quos voluptatem qui earum sit. Illum tenetur reiciendis hic exercitationem sint alias.
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...