Transition from AM at mega-fund.

How difficult is it to switch from an asset management analyst role at a mega fund to acquisitions at another firm? For example, Blackstone asset management entails of a single product type in a specified market. I would guess that it’s really hard to switch because you get siloed in.

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Don't get too hung up on getting silo'd, underwriting for real estate is fundamentally the same regardless if you're a developer, LP, debt fund or Asset Manager. An extremely simplified model of the business plan is the same (build/buy a property, operate it, sell/recap), the difference is a) perspective and b) what part you touch. A developer is going to focus more on designing a desirable building for the market and building it on budget, an AM is going to focus on operating it as efficiently as possible which is easier said than done, etc. Getting experience in one and moving to the other isn't impossible, if you develop your skills the right way (try to take as much ownership of financial aspects as possible) you can lateral to other branches of real estate. 

It's a very network driven industry, and if you keep networking and building relationships you'll be able to move around, getting silo'd is more a mentality than an inevitability. 

 

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