Breaking into Acquisitions internally at a small REPE shop

Hello all--

Just started as an analyst in "asset management" at a small REPE shop recently. I am a little disappointed as I notice the role wasn't exactly what I expected since it is a small owner operator my responsibilities include more budgeting, rent rolls, pricing tenant leases, and basically overseeing the property managers rather than traditional AM (no dispositions, valuations). Luckily we are currently doing a lot of deals and the acquisitions intern just left for a month for college break (he worked 2 full days a week). My question is with my goal of ultimately ending up in acquisitions, would it be acceptable to ask if I could assume the interns role while he is out since we are currently doing a lot of deals? Even though I am so new.

Thanks for any input

Comments (3)

 
Dec 12, 2018 - 8:37pm

My thought: I want to learn the business inside and out in order to potentially be prepared to run my own fund in the future/etc.

At my firm now I do development underwriting, acquisition underwriting, and asset management. No one asked me to do asset management, I do it because no one else is and one of our property management companies sucks really bad. The property manager has no idea when I ask her about some of the expenses.

Anyway, asset management is important. Learn as much as you can, as you are successful in your current role it will be very easy to ask your bosses to start taking on acquisition work. I would be reluctant to start doing it immediately, but let them know you are happy to help with it as needed. Make sure you are covering all your AM responsibilities and then just move yourself into acquisitions with any free time you have, look for where the ball is being dropped and pick it up.

 
Dec 13, 2018 - 12:04am

Leverup13:

Just started as an analyst in "asset management" at a small REPE shop recently. I am a little disappointed as I notice the role wasn't exactly what I expected since it is a small owner operator my responsibilities include more budgeting, rent rolls, pricing tenant leases, and basically overseeing the property managers rather than traditional AM (no dispositions, valuations).

I don't know what you were expecting, but this fits my definition of asset management to a tee. Budgeting, reporting, leasing, and overseeing property managers is like 90% of asset management.

Start Discussion

Popular Content See all

This Fucking Sucks
+50OFFby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
Why would any associate+ banker choose a BB over EB?
+34IBby Intern in Investment Banking - Mergers and Acquisitions">Intern in IB-M&A
PE isn’t the best way to get into b-school
+26BSCHby 2nd Year Associate in Private Equity - LBOs">Associate 2 in PE - LBOs
Share a day that looked like a Suits/Billions episode
+25IBby Intern in Investment Banking - Generalist">Intern in IB - Gen
Evercore Target Schools?
+18BSCHby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
What's Wrong with Warburg Industrial & Business Services?
+16PEby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A
Rich GF/Future Wife - Becoming a sugar baby
+13OFFby 3rd+ Year Associate in Real Estate - Other">Associate 3 in RE - Other

Total Avg Compensation

February 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (31) $349
  • Associates (159) $231
  • 2nd Year Analyst (97) $151
  • Intern/Summer Associate (92) $144
  • 3rd+ Year Analyst (23) $145
  • 1st Year Analyst (366) $131
  • Intern/Summer Analyst (304) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.6
8
NuckFuts's picture
NuckFuts
97.5
9
Edifice's picture
Edifice
97.5
10
bolo up's picture
bolo up
97.5