Which department has the best exit ops in a CRE services firm (think JLL, CBRE, Colliers)?
I have started a 2-year analyst programme for one of the biggest CRE firms in the world. During my first-year I will work in valuation/advisory. In which department should I work during my second-year in order to maximize my exit ops?
I would like to (in 3/4 years) secure a gig in acquisitions at a REPE or at a REIT - is it too ambitious?
Thank you!
It totally depends on what you want to do. If you want to do Asset Management or leasing work at a developer, etc., work in leasing. If you want to do acquisitions, work in valuations / appraisals, investment sales or debt / equity brokerage as an analyst. Try not to do a brokerage position if you won't get modeling experience. Since you already are doing valuations, try to do an analyst stint in investment sales or debt / equity brokerage, preferably with institutional owners / operators.
Thanks for the in-depth answer!
What about working for my firm's own fund ( think La Salle Investments or CBRE Global Investors)? I am assuming that that would be amazing in terms of exit ops, especially acquisitions, or not?
PS: I would give you a banana but I don't have any left.
It would be nice, but those groups are very independent from their brokerage parents. It would be just as hard to break into one of them as it would be externally.
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