Acquisitions -> Lending -> Acquisitions?

Leverup13's picture
Rank: Baboon | 110

Hello,

Started my real estate career working on the acquisitions team at a large pension fund. Although I am gaining exposure to a lot of deals, I am looking for a little more hands on experience in sourcing and underwriting transactions as a lot of the modeling/underwriting of our equity transactions is done externally (ie separate accounts). Most of my work on transactions is market research and validating their assumptions, I'd like to be in a little more detail.

However, we have an origination team that originates core loans (first mortgages) for very large transactions. This team sources and underwrites all deals in house. I was thinking of either asking to move or split time there to tune up my modeling/underwriting skills for when I look to make my next move.

If my end goal is REPE acquisitions, is this a smart move? Any feedback will be helpful.

Thanks in advance

Comments (6)

Apr 16, 2019

bump

Apr 16, 2019

Either lateral to that group. Or network with one of your GPs and see if they can help you out. Network, network, network. Don't take a detour, go directly to the GP/REPE.

Apr 16, 2019

Would spending time in originations be a detour?

Apr 16, 2019

If your end game is to be a REPE professional, then yes.

Apr 16, 2019

bump

Apr 17, 2019
Comment