Where are free agents signing?
I’ve heard lots of lots of acquisitions downsizing recently. (Rumor is Mill Creek just fired all of acquisitions - is that place a dumpster fire right now? Lots of developers have left too.) As many shops go pencils down, where are people finding jobs now? Are there other acquisitions roles open anywhere? I’ve seen maybe three solid roles recently on select leaders and LinkedIn and that’s it. I’m still in a seat, but fearful I’ll soon be a free agent as we haven’t bought anything this year.
What are fired acquisitions people doing if no jobs available. Asset Management? Pivoting away? Selling feet pics on OF?
Mill Creek is absolutely a dumpster fire. I'm not sure how the money shakes out currently, but about a year ago the boomers were owed more money than the entire collective value of all current deals and the pipeline company-wide. Hitters realized they aren't going to make anything and that working your ass off as a MD doesn't mean shit and isn't worth it if semi-retired and/or retired executives get that kind of priority over you.
But beyond that, I don't think "free agents" are signing anywhere really. I think people are mostly buckling down and/or trying to go out on their own. There are way more people with 5-15 years of experience in this industry right now than the industry needs.
There's a bit more info in this thread: https://www.wallstreetoasis.com/forum/real-estate/pay-opportunities-mil…
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