Bullish or Bearish: Retail-Investor Oriented Real Estate Investment Managers (Fundrise, RealtyMogul, Cadre, etc.)

Hey All,

Coming up on about three years of experience working on the debt side of an insurance group's AM arm. While I like my current role, the transactions are extremely vanilla and I've been interested in moving to the equity side for some time now. I've spotted an opportunity I think I'd have an inside track on at one of the larger RE Investment managers out there that raises capital directly through consumers (Think Fundrise, Cadre, RealtyMogul) and I'm curious to hear the opinion of other industry veterans on these shops.

Although I'm not crazy about first mortgage lending, I do know that the brand-name of my current shop is taken seriously in the big leagues. My question is this: if someone applied to your shop and had robust and diverse deal experience at a "crowd-funded" investment platform like one of the aforementioned, would you take them as seriously as someone from your typical $1 -$5B REPE shop?

 

First and foremost, deals speak louder than names in this business. Blackstone and MSREI might turn their noses up at you, but they also turn their noses up at anyone without a Top 10 MBA and/or IB experience.

My concern would be moreso on the stability of those institutions in a downturn rather than whether or not people will judge you for the name. None of these start-ups have weathered a storm yet, and a downturn is a shitty time to have to go looking for a new job. If you're comfortable with that downside, go for it. Just don't make the mistake of getting happy and signing the first offer you get if you aren't totally sold on it.

 

Never had any experience with Cadre but have seen some deals that RealtyMogul and Fundrise (dba RSE Capital?) have competed on and they do get competitive for legit deals. I’m not exactly sold that any of these guys are the new wave and are going to be billion dollar public companies in 3 - 5 years but it could certainly be a good gig for 2 - 3 years. Most employees of either on LinkedIn seem to come from reputable backgrounds.

 

Voluptatibus est minima ducimus vitae sequi sit consequuntur. Doloremque aliquam repellendus ipsum dolor qui quam reiciendis.

Molestiae neque qui ipsum dicta. Et id porro unde dolore voluptate et omnis. Aut eos deleniti distinctio sint non. Ea nam minus dolorum aut. Placeat reprehenderit explicabo sequi est. Officiis et cumque officiis voluptate eaque ut et. Minima omnis voluptatem provident est saepe id.

Quis ab reprehenderit repellendus quis earum. Non culpa pariatur laborum vel a. Omnis ut saepe architecto voluptatum nisi.

At neque expedita aut rerum ratione enim. Rerum sint et molestiae minus vero laboriosam. Id maxime vel ut.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”