Advice Needed: (Corporate Real Estate wanting move to CRE Analyst)

I am 11 months into my first job out of undergrad. I am working in the real estate group of a large hospitality/entertainment company (hundreds of properties, both leased and owned). The RE team is comprised of 3 people and I am the youngest person in the group by 35 years. My responsibilities include: site selection, putting together PPT and Excel presentations for my senior managers to present to our investment committee.

I have essentially been a learning how to do deals for the past 11 months -- traveling to markets across the nation looking at sites we can either acquire to develop, or buildings we can lease. One of our team members will retire in the next 6 months, and the idea is I will be assigned markets across the country to find deals in and present them to our IC.

What I am lacking in this job, at least in my eyes, is the underwriting/financial analysis that I think I should be learning if I want to be in real estate long term, not the hospitality industry. I have been networking my butt off, looking for analyst opportunities mainly in Capital Markets Brokerage and Acquisitions. I have caught some traction, and believe some exit ops will be available in early 2019.

I am looking for some advice/guidance/answers to my paragraph above and the questions below.

Thank you ahead for any feedback, it is much appreciated.

  1. Am I jumping the gun on trying to get out of my current gig, given the responsibility I have been given thus far and being the only "young" person in my group? Should I get as many deals under my belt in the next 6-12 months before leaving to make myself more valuable/marketable to a firm?

  2. Thoughts on being in a deal-making/leasing role on the tenant/principle side vs. trying to get into an analyst role with a big name brokerage, developer, or REPE? Do firms value one more than the other in young people?

  3. Am I missing an essential part of trying to break into RE investment world by not being in a traditional analyst role (HFF, CBRE, Berkadia, etc.) and learning RE analysis that way?

 

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Sounds like a sweet gig man. Just because you’re working under a corporate brand vs a pure investment company doesn’t mean you’re not getting valuable experience. If you’re actually going to have as much responsibility as you’ve outlined, stick with it. Experience sourcing, negotiating, and ultimately executing deals is muuuccchh more valuable than learning how to crunch numbers in excel. You can buy a modelling textbook and teach yourself the basics after work if you really want to learn that right now.

I would stick with it. Hotels are investment real estate. The leases are one night vs multiple years and there are some other sources of revenue, but it’s still real estate and it’s still a very respected asset class. If you really don’t like it, go to graduate school after a few years and you should have a pretty wide range of opportunities upon graduation since you’ll have experience sourcing and executing deals. I’m sure a place like Starwood would love to have you.

 
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