What type of work are you guys doing during the pandemic? Lots of downtime or extremely busy with asset management?
Interested to see views from 1st and 2nd year D/E Capital markets, lenders, and buy side analysts. (JLL, Wells, Big/Small value add PE's)
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Beginning of the pandemic I worked maybe 5 hours a week at most and worried constantly about my job.
Now I have more pursuits than I can keep straight and we're going to end up with so many starts we'll probably have to hire at some point next year.
2020 has been weird as shit.
If you're hiring, can I be an intern!? You don't even have to pay me, just let me put on my resume that I worked in the same firm as the legendary CRE .
Cringes
No different except I save time on driving, save money on gas, see my family more and probably get more work done
A lot of "ad hoc" projects.
REIB here. All of our deals died in March when the pandemic hit, except for one new deal we signed up that was basically a panic sell by a large owner/operator
Things started moving again in June and everyone is staffed up to their neck. Unfortunately my bank is still tightening their belt, so I doubt we’ll get any new help through hiring
curious what market you're in (East Coast, West Coast, etc.) and BB or MM? Always find it interesting to see what types of firms are doin what sorts of deals.
Very busy with deals rolling through the door, lot of distress, certain product large bid/ask spreads so difficult to actually transact
At a PERE 50 opportunistic shop and we have been pretty damn busy. Some sectors more than others but more deals coming to market/approached with off market deals now that debt markets are warming back up. Started 1-2 months ago and already am on a bunch of deals going to our investment committee. Been a tough ramp up as a first year analyst but my shop does a good job of not exactly throwing first years straight into the fire and helping us learn first.
Work at large GP in Tier I market with lots of urban assets. Never have been busier in my life and it's pretty much hell to be a relatively junior professional on this side of the business during this time.
Being in research/strategy, you get busy real fast when any type of "market distortion" takes hold. So lot's of market research on macro level, as well as monitoring/updating of various market conditions. We also jumped on a bunch of special projects as firm taking advantage of everyone at home able to connect by zoom (like cross market). Afternoons are the busiest with it being the overlap for PDT and EDT (we have offices on both coasts).
In sum, nothing really slowed down, all feels accelerated. Weirdest thing is no travel, going to offices (our NYC office is still basically 100% vacant). Best upside is getting to work closer with people in the various offices on random task forces, feels like I've gotten to know more people in the firm on a personal level.
We have hired in the midst of this and will continue to, so I feel it must be really weird for those who start in this. Like, they fedex them a laptop and phone ahead of first day, so weird!!
Industrial acquisitions. Been just as busy as ever. We continued buying through the late Spring and Summer.
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