How does Summer Intern recruiting work for REPE/IS analyst SA/Development/REIT?

cpgame:

- That's an incredibly broad list of functions--you might consider conducting additional research into each of them as you'll be asked "why do you want to do x?" and you'll need to know. - After you've narrowed down your list of roles you think you would thrive in, make a list of desirable firms for each. Know why each of those firms checks that box for you as you'll certainly have to talk about this in interviews. - Get your resume tightened up, and use the internet/your network to determine contact emails for a key individual at said firm. Warmer leads usually equate to better hit rates. Craft an email introducing yourself, and keep it brief. Explain your interest in learning more about x at their firm (can be strategy over the coming year, related to a project, their career, etc.). End your email with a polite request for a few minutes of their time for a short phone call to discuss--play the student card and emphasize your interest to learn from them. - You'll either have made it through step 3 or not by the time on campus recruiting occurs (ideally you'll have had calls with many different firms and so starting early is recommended). You want people at these shops to think of you when the time to hire rolls around. If the firm comes to campus and you've already spoken with someone there, then you're steps ahead of everyone else assuming you didn't bomb the phone call. Be genuine, show interest in the people you meet, and review market trends (and the firms' recent deals) prior to your calls and you'll find the conversation flows. - Log all your contacts and follow up regularly. Treat it like a job, and you'll soon find yourself employed.

I know how to network. What I'm asking about is how RE SA recruitment is structured.

cpgame - Who in the world gave you monkey shit for this? Kids these days. Ungrateful to the end.

offerrescinded - the internship hunt is going to vary wildly across the sectors of the industry you listed and then also wildly from company to company. Some firms recruit in the fall. Some in the winter. Some in the spring. Some will hire you before Thanksgiving. Others will hire you the week before you start. You need to identify your targets and your backups, identify when their deadlines are, and not think there's a structure to this. Start networking now.

The best way is to network, especially through any alums. But these REPE firms run pretty lean, and right now most of them aren't doing much except managing their existing portfolios. It might change if distressed investing picks up next year. I don't think the big ones like Apollo, BX, Carlyle, Ramius, Fortress have summers, maybe 1 or 2. There are some smaller/relatively newer firms that would probablly be open to having summers if you can network your way there. Most BBs have alternative investment funds some of them with formal recruiting. GS has whitehall fund, can't remember if Citi's is still there, CS has something but one of their guys was outsted and started Petra, pretty sure Lazard recruits summers for its alternative investing, but definitely try all the banks not just for IBD but also for alternative which is where their REPE would be. There are also lots REITs where you would get the same experience. It sounds like you have good credentials, so just network hard I'm sure there is a firm that would love to take you, although maybe without the standard summer pay.

Thanks for your comment. I've been doing everything you mentioned and have contacts at some of the firms you listed. Unfortunately, there just hasn't been a lot of published opportunities out there.

Since when do REITs hire high school grads?????

3 SB to 43 MS - my guess is you're a troll

What sort of modeling you will be doing depends largely on what department of the REIT you'll be working in. Modeling could be associated with the corporate finance department (where you might be running a corporate model and looking at things like the firm's capital structure), the accounting department, or acquisitions (where you'll most likely be looking at potential property-level cash flows and investment returns).

The corporate finance angle is probably most similar to banking; acquisitions is probably sexiest. Any of this could be very good experience. Your best bet will be to leverage the real estate angle and try to network with real estate coverage groups at the major investment banks. All of the telecom REITs are relatively young. Go to SEC EDGAR and pull up all the "424" filings (capital offerings) and the original "S-11" filing. On the first page you will see the names of investment banks who were the bookrunners on the deal and have a relationship with your employer.

Im a current BB REIB analyst. We have a few people who were interns at REITs in college (none of them tower REITs though). I would try and see who does on campus campus recruiting at your school and figure out who is in their REIB group on linkedin or through friends at the bank. It should be easy to at least get an interview that way.

porter9900:

Im a current BB REIB analyst. We have a few people who were interns at REITs in college (none of them tower REITs though). I would try and see who does on campus campus recruiting at your school and figure out who is in their REIB group on linkedin or through friends at the bank. It should be easy to at least get an interview that way.

Cool, i'll look into that. Thanks for the tip.

Yes, absolutely leverage the real estate angle in your attempt to network with firms. When I was a freshman, I didn't realize the extent to which bankers/professionals are really eager to meet young, bright students with a genuine interest in a particular field. If I knew then what I know now, I would have been much less shy at networking/recruiting events, and much more forward with my interests and approach. Fortunately, it worked out okay for me, but I think you are off to a better start. Don't squander it.