What are prerequisites for working for a REIT?
Hi all,
Just wondering if someone could tell me what the prerequisites are for working at a REIT? I understand that it is an old boys club so i wonder if leveraging the right contacts could soften the blow from having to start at the complete bottom of the pile.
Thanks!
There are none. The only universal difference between REITs and any other real estate company is that REITs pay no corporate taxes as a result of paying a high percentage of all taxable income as dividends to investors.
You get a job at a REIT like a job anywhere else. Get your foot in the door, show up smiling, don't say anything too stupid, and get a little lucky.
Prospie...not sure I understand your point. I know a lot of REITs that have different strategies. Some focus on existing assets in primary markets, others development deals in secondary markets, etc.
I agree with the earlier post that you should approach the interview the way you would for any other real estate company. Good luck!
I see. Why don't you ask him to clarify his point? I'm not suggesting that he "doesn't know what he's talking about"
Breaking into PE Real estate or REIT's (Originally Posted: 11/16/2012)
HI all,
I am trying to find a good entry route into PE real estate. Would getting experience in Corporate real estate help? Or possibly experience as a commercial broker?
I can only imagine that there have to be other routes other than in IB division. I am wondering from someone with no experience however. If REIB is what is needed. How do you even go about cracking that?
Thanks!
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