Hi all, I recently got an offer to join CBRE Global Investors for REPE. I was wondering on any thoughts on their current state / future.
I understand that they are currently Ranked 11 on the PERE 100 list and would like to hear some thoughts on if this is a solid choice to start my career in real estate.
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Acq or Am?
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Vanilla REPE firm but still great. If you choose to leave, you will have wonderful exits. Although I don't think most people leave these cushy vanilla firms (good pay and work life balance, culture is usually strong, etc.) and I wouldn't either. End of the day, take the offer. Your career will be off to a great start.
Thank you for the insight. I appreciate it. My end goal is Megafund REPE. Do you think that this would set me up nicely to pursue places like BX, KKR, Carlyle, etc for Analyst recruiting?
Not sure, I'd recommend going on LinkedIn and see where former analysts have ended up. Of all the analysts I know at CBRE GI, two are still there and one exited as an associate at Fortress.
Unfortunately I am not familiar with recruiting at the mega-funds nor will I probably have the chance (or want) to work at one but I see no reason why you wouldn't get interviews coming from CBRE GI.
If those firms really matter to you, then you should just plan on doing your 2-3 years at CBRE GI, paying the fee for a top MBA and aiming for grad recruiting. That is the most rational/likely path. Not sure if I would really spend much time trying to "lateral out of such a job, seems pointless.
I mean, do you have any competing offers???
This is a very well respected firm and true household name in the industry, I cannot think of a legit reason you would turn this down unless you are accepting some alternative offer you like better.
Congratulations. Which office curiously?
Congrats, it's a great offer. Don't know why you need the opinion of an internet forum to decide your career path though. Also, the overuse of "REPE" isn't really necessary
I mean I just want some advice and insight since this is a really big choice to me and I want to carefully think about it
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