12/19/14

Anyone familiar with the real-estate firm called Greysteel? and if so does anyone have any insight into the multifamily analyst position? salary, job duties,

how relevant is this to a REIT? or a real estate investment job?

Comments (10)

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12/21/14

did you mean to write: greystone?

12/21/14

Never heard of these guys but after googling looks like a boutique brokerage company. I would say depending on the quality of the group and market, its possible you could spin this experience to secure a principal investment job (not talking blue chip pere here). So I would dig into the types of the deals this group is doing. If the only deals you are going to be working on are 10 unit apartment buildings, I would stay away if you have other options.

Side note: I think we need to hold a moratorium on real estate firms using "Grey" in their name.

12/22/14

Jeezy:
Side note: I think we need to hold a moratorium on real estate firms using "Grey" in their name.

Yes! Here in the D.C. area, there are 3 major offices for Greystar, Greystone, and Greysteel, all operating in the multifamily industry. It's like the frickin' Twilight Zone.

12/22/14

the analyst position is located in the D.C. office. do you know anything about the company or intern program @"Virginia Tech 4ever"

12/22/14

I literally know nothing about them beyond what's on their website.

12/23/14
12/22/14

It's a firm that places high emphasis on facetime. You'll be working with a very lean team so you'll see a lot of deal flow with responsibilities revolving around: research (sale/rent comps), some underwriting (one of the Analyst there does most of the financial analysis for them) and preparing written material for offering memorandums.

All the Analysts on the multifamily team are laid-back and easy-going, but because of the culture of the firm and the group, hardly anyone leaves their desk. In my opinion, compensation is fairly poor.

Feel free to PM me if you want me any more info.

12/22/14

007:
research (sale/rent comps), some underwriting (one of the Analyst there does most of the financial analysis for them)
researching rent comps (i assume this includes calling apt complexes and getting hung up on by $10/hr employees) while one analyst handles most of the modeling sounds like a terrible experience.
12/22/14

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