Interview Questions for Multifamily Development Firm

What sort of questions do you think would be good conversation starters when your speaking with a multifamily developer. So to clarify, if I'm being interviewed by this development firm, what are some high level questions that I could ask them that they might be impressed by or at least show that I know what their day to day life looks like.

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Aug 11, 2019

About to interview at mf developer for internship during school year too so interested also.

Aug 11, 2019

Ask them about the cities that they target to build in, ask them about the times they've knocked it out of the park on a deal or to talk about their favorite development and a time when things turned for the worse/didn't go exactly as planned. Ask them about 2008 (unless it's a newer firm) and what they did to survive during this downturn. Ask them about their financing and equity structure (do they take on an ass load of leverage?).

Ask if they have a mentorship program. This shows that you're wanting to learn. I asked this in my interview and they were kind of surprised by it. The answer was no, they didn't have a mentorship program, however they were always open to communication and explanation. This has been 100% true. I've heard stories from a friend about asking his boss questions and he gets ticked off and answers with short one liners (figure it out, google it, etc.). Doesn't make a conducive work/learning environment. This is detrimental to your career at this stage imo.

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Aug 13, 2019

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Aug 14, 2019

What's your background? Are you fresh out of school? Depending on your background its hard to say what kinds of questions you could ask. Someone coming out of school knows very little and only what they've learned in undergrad courses or their internship, whereas someone who has been working a couple of years will have a different set of questions in mind.

I don't think you should worry about asking "high-level" questions. Focus on asking questions about their firm, the specifics of the position. Take a look at their website for their recent developments, if not dig up research online for their most recent developments. Ask about how those deals came to life.

These are some questions I tend to ask, if I can't already find the concrete info on this somewhere:
- What are your target markets?
-What kind of tenants do they focus on?
-Are all parts of the development process in-house, meaning are things like design, construction and property management done all by them?
-Do they have partnerships in any part of the process?
-Where are they sourcing their capital? Do they have an LP that they go to every time?

Don't get in over your head about what questions to ask. If you don't understand what you're asking, don't ask it. Your questions just need to reflect what you want to know about them and about development.

Array

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Sep 5, 2019
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