EY Transaction Real Estate

Does anyone have any insight into EY's transaction real estate group? I know it is part of their transaction advisory services business line but trying to figure out what their focus is. Is it glorified appraisal work and fair value consulting or do they actually consult on live deals (IE due diligence, modeling, capital markets).

 

have worked at another big 4's comparable practice: it is more the former than the latter but they will all say they do the latter as well. engagements are mostly PPAs, fair value opinions, and third party reviews of appraisals.

 

I would check out this thread: http://www.wallstreetoasis.com/forums/real-estate-transaction-teams-at-….

I interned with one of these groups over the summer, so I cannot speak for exit opps. I also can't say that i thought it was totally worthwhile. Didn't experience much of a transactional or deal making aspect to the work. Exposure to clients is also fairly limited given that in most cases your "client" is an audit team who has a client with real estate assets that you are taking a look at on their behalf. All this being said, i think EY has the biggest real estate practice of the big 4 in the US, so your experience with them could be better.

 
fez:

You'll get more exposure at a traditional brokerage shop than EY.

This may be true - though the EY brand can be valuable (more recognizable than your run of the mill brokerage firm....obviously discounting your CBREs, Cushman Wakefields, etc...

A good friend of mine worked in TRE (EY'ers say "tree") and after two years left to do re investments at a very large hedge fund. Worked out well for him.

 

Our head of treasury/accounting is from a similar background but his job has no involvement with financings or aquisitions. just keeping track of the money and financial reporting.

May be usefull to get into the debt side? I dont know.

So you can certianly work for a RE company with that background but probably not jump right into aquisitions...Maybe the debt side?

 

Hey GratefulEd, I'm the WSO Monkey Bot and I'm here since nobody responded to your thread! Bummer...could just be time of day or unlucky (or the question/topci is too vague or too specific). Maybe one of these topics will help:

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