UBS Real Estate Acquisitions

Question

Looked for info on this site but it seems pretty dated, at best. Anybody have anecdotes about working with, or for, the UBS Acquisitions group? Saw a role advertised for them but curious what kind of space they play in and pretty sure this is not a REIB role. Seems more their Real Estate Private Markets group. Any info would be great.

lkjhg · Accepted Answer

It's one of the largest RE Investment managers. Play in the same space as LaSalle Inv Mgmt, CBRE GI, Morgan Stanley REI, etc. (Google real estate Odyssey funds, these are their competitors)

They, like the rest of the Odyssey funds, are almost entirely Core and Core+ focused. So you will be doing large deals, but usually not super interesting ones.

UBS specifically recently got shafted. Have seen around $10 billion in redemption requests when they wrote down their retail holdings.

The head of acquisitions and CEO of this specific group were ousted and internally saw reorganization.

ThatGuyBalls · Answer

Great post. Would echo everything you're saying. They will be looking to offload their most liquid assets in the next 6-9 months.

As mentioned, a pretty heavy reorganization recently took place which saw at least one seasoned acquisitions guy booted. The plus is there were younger guys that were elevated as a response.

I have a buddy that works in their NYC office. Not doubting they have an office in Hartford, but they most definitely have an NYC office as well.

thetrickyricky · Answer

Can confirm. Had a phone interview for this role. From my understanding the "acquisitions" role is mostly going to be doing dispositions because of this. The role is based out of NY, but they literally only have like 1 other junior level guy there lol. The rest of the team is in Hatrford/SF

Edit. I think the number they gave me was about 3.5 bill of assets they are trying to get rid of within the next year and a half. Mostly in retail/industrial in secondary and tertiary markets. Going forward they seem to be focusing solely on MF/office/industrial on primary markets.

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UBS Real Estate Acquisitions

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UBS Real Estate Acquisitions

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