What are the best real estate investment banks?
REIBs- hff, eastdil, who else?
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HFF is not a bank
OP while 'trading' is technically part of IB you are talking about sales brokers that specialize in marketing properties and driving pricing up, not investment banks (think M&A, IPOs, financial restructuring etc.).
We do a lot of work with Bank of America and JPM, but all the names are recognizable (GS, MS, etc.). Personally I think RBS is pretty good also
Deutsche is one of the top.
Eastdil is the best from what I understand. It has consistently placed at the top every year for most rankings. They have a phenomenal advisory business and they seem to be behind the biggest deals each year.
Easily eastdil.
I wouldn't put Eastdil at the top of this list: http://www.realert.com/ranking.php?rid=297 If their place at the top of the list is so indisputable, why didn't they work on the Archstone/EQR merger? Why didn't they do the Sunrise/Health Care REIT merger? Why didn't they work on the Cole Credit/Spirit Realty merger? Why weren't they engaged in relation to the Corvex/Commonwealth battle, as Deutsche & BAML were?
Personally, I would argue that indeed the biggest props should go to the likes of Gleacher and Greenhill. They don't have a Wells Fargo-style balance sheet to compete with in the real estate space, but both served as an advisor on the Archstone deals. This really says something about their expertise as opposed to their ability to just throw money at borrowers.
By best I meant best I've worked with. Never spoken with Gleacher.
BoA if you mean actual IBD in the USA. Eastdil for brokering deals. M3CP or Greenhill for placing capital. Lazard also good for "real" ibd work.
I would say BAML, Citi and GS have the strongest REIB teams from what I've seen. JPM and DB are also decent.
Eastdil is a broker.
MS, Lehman, and BofA - Top Players in Real Estate IB (Originally Posted: 10/26/2007)
Hey guys,
It should be no surprise that MS and Lehman are on top of the game, but it should be noted that one of B of A's strongest (if not THE strongest) industry groups is real estate IB. I've looked at numerous league tables (on IDD, Reuters, Thomson, etc.) and BofA is consistently on top of the charts in this industry group. In fact, they were #1 for real estate M&A in 2006 for both number of deals and transaction value, and they are continuing to do great deals this year (despite all the recent negative press coverage on them) and are within the top 3 this year as well. Anyone have any thoughts or opinions regarding BofA's performance in real estate IB? I am very interested in going into this industry group for any of the i-banks, and would appreciate any thoughts regarding this.
BofA is bush league, shoot for MS/LEH
Worked in BofA this summer in different group but had the opportunity to interact with several people from the RE group and they are very impressive. I would also add that you are correct, Real Estate(and also Healthcare) are two groups the bank excels at and therefore they focus attention and the banks resources to keep them performing...good news for people like yourself looking to get into the group... it goes without saying that MS/LEH are great too, honestly you cant go wrong with any of the three I would personally base my decision on how I get along with people in from each bank,
best of luck
Cool.
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