I'm a current ER associate and have the opportunity to potentially move on to Green Street Advisors, I cover a different industry now and would prefer real estate tbh. I used the search function and the Green Street posts are pretty stale. I would appreciate it if you all could provide some info on the current reputation, exit opps, and pay at the firm? Also, any info on the case study provided during the interview process will be helpful.
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No fresh info on these guys?
Let me Google that for you. :)
https://www.wallstreetoasis.com/forums/green-street-advisors-case-study…
"posts are pretty stale"
finds extremely relatable post 15 days ago
1.) That post regards the market research associate role, my role is for equity research 2.) my case study is 2 hours so there is already a difference there 3.) That post covers a small portion of my request aka it doesn't say anything about rep, pay, or exit opps
But you got to be smug so good job I guess?
In general, these guys put out some of the best equity research in the real estate space. Working in Newport Beach wouldn't suck.
Any info on culture, pay, exit opps?
Currently interning at a leading pure-player and I have spoken with a few people who came from Green Street. They sit on the in-house research team and asset management teams.
So, from my very limited view it would seem like exit opps are pretty good.
Can't really comment, but could someone who's in already in property-level RE transition to ER covering the RE industry?
Hi, currently an REPE analyst, but I have seen both sides of this coin. However, just putting my 2 cents out there, so take what I say as you will.
From my understanding and having seen what the ER side of real estate looks like. I would argue that it would be a hard transition, and probably unlikely speaking in generalities. The main reason being, property-level (I'm assuming this at least means AM or acquisitions) RE has very different modeling than ER RE. ER is less real estate and more corporate finance. Given this, I would say that without additional information, a jump from property level to ER would be hard, especially if your are already full-time ie not doing a college internship.
I will caveat by saying RE is a network heavy industry, so through networking and perhaps interest in a CFA, I could see this being possible as well. It all just depends on your situation, and given the info that we have now, I would just say it would take some leg work. In addition to the basic fact that ER as an industry has shrunk, plus current job market conditions.
Hope this helps.
That is helpful and makes sense. Thanks
associate level would probably make you a base of $80k with bonus to get you up to $90-95k. Their equity research (ie, REITS division) is extremely intelligent and well regarded in the industry. Not the same can be said with their REA division, which is still relatively new, inexperienced, not greatly managed, and everyone who works in there is under age 26 pretty much. Doesn’t sound like that’ll be a problem for you though.
The REIT division is still relatively young, however. I don’t think anyone is over age 40. Still, very knowledgeable and technical, 90% of everyone have their CFA or are in the process of getting it... so be ready for that.
Good work life balance. No one really stays past 5 or 6, unless it’s earnings season. Even then, you’ll probably stay latest till 9, if even. Everyone in the REITs division is friendly, beach going, nerdy (in a good way) vibe. VERY VERY good benefits, especially PPO.
Realize that the CFA is pretty much mandatory here. Realize that this will add on about a couple hours to your typical work day for studying, plus like 8 hours on the weekend, which is like having to work 6 days a week. So unless you already have a CFA, it’s not going to feel like the greatest work life balance at first as I’ve made it seem.
good luck!
I forgot about exit opps— you could probably easily be recruited at a top REIT company after this. REPE too. Portfolio management, another RE research firm, especially since you’ll have your CFA.
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