West coast REPE

Question

Hey guys, first time poster. I'm currently an undergrad student on the west coast and am considering repe as a career. Is anyone in the community familiar with repe debt funds in LA, San Fran or Seattle

Anonymous Monkey · Accepted Answer

Here's a quick list below. I'm sure I forgot someone... Just do a freaking google search. Most of them are LA based. There's a super small on in seattle I can't remember the name though. Google for it.

ACORE
Mesa West (Now a part of MS Investment Management)
Oaktree
Heitman (New to west coast)
PGIM 
PCCP
Colony Capital (now known as ColonyNorth Star)
TH Real Estate Debt (New)
Barings Real Estate Advisers (New)
Mosaic Real Estate Credit
Calmwater Capital
Thorofare Capital
DoubleLine Capital (JV/Separate account via Thorofare Capital)
LRG Capital Group
Buchanan Street Partners

itsanumbersgame · Answer

your best bet is definitely LA or SF, depending on what you want to do. In my personal experience, I believe SF to be more of an extension of NY than LA (though LA definitely has NY extensions). That is to say if you find yourself HQ in LA, you'll probably be looking at more CA focused deals and more focused on neighboring states. If you find yourself in SF, you'll also focus on those deals, I just feel like SF is more of a boots on the ground city for NY guys, Some people may dispute that, and there claims may be valid... i guess i just have some specific shops in mind.

MonkeyWrench · Answer

Yeah I would say this is generally true, I think it's also slightly product dependent.  I think SF is more of a hub for the big office players, whereas I think LA is moreso for industrial.  Retail probably Southern CA gets the nod, multifamily is probably a wash.  Generalist firms would be up in the air - I know some up north and some down south.

RE-Empire · Answer

I don't disagree with the above poster that the West Coast has more regionally focused firms, but the idea that you'd only be looking at CA deals is crazy. Lots of exposure in all the major primary and secondary western markets at institutional firms are based out of LA, SF, and Seattle. I actually would say LA has more equity side RE opportunities than SF but plenty of large national players in all three of the cities you listed. If anything, Seattle might have a heavier percentage of firms focused on MFR.

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West coast REPE

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West coast REPE

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