Can anyone describe their experiences with the acquisitions team in LA? Have read some pretty bad reviews on WSO and other sources, but specifically curious about the acquisitions team. Comp, culture, hours, prestige, etc. would be great.
Thanks
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Active firm, have been succesful growing the business. James Broyer is a good dude, but Bob Lee is a huge jackass, guessing the culture probably isn't great. Your exits would be fine as you'll see plenty of deals. Their reputation is mixed, some folks love them, others have been retraded and will never do business with them again. The line I heard from one group was, "if you have another group that can match pricing, go with the other group ten times out of ten." My guess is that it is probably a fine place to start, but I would go in eyes wide open.
Have several friends who have worked here. Pros--good exit opps, deal flow, cash compensation. Cons--sweatshop, dishonest/straight up malevolent senior leadership who definitely do not care about the equitable advancement of junior employees. If it were me I wouldn't touch with a ten foot pole.
Can you elaborate on what you've heard about the senior leadership / culture that makes it so bad?
Quote from a friend who worked there: "one day they had the secretary sit at the elevator and record who showed up after 7:30 AM, the CEO then took them into his office and yelled at them for 20 minutes about stealing company time"
Can confirm. This place abuses their employees... turnover is extremely high and they are not afraid to yell at people. Enjoy working until 2am every night if you sign on.
If they treat employees any way they treat properties… run.
Bumping this, any current thoughts?
It is a sweat shop to an extreme, probably one of the worst, but you will be better educated than most guys coming out of places like CIM. JRK will grind you. I've worked with a few people that went through their system, and are amazing at their jobs, so if you can mentally handle it, great place to build a foundation. But get out.
What’s comp like at these places?
I was offered to interview but declined. Also know someone with a horror story there.
Absolute horror stories coming from there. I know an associate who just left and he told me there literally is no bonus. They promised him deal-related bonuses but he never received them. Also said chairman woudl scream at him and his colleagues at IC and it was a sweatshop. I’ve spoken to the head of hotels there and he is a huge hardo. Former Starwood guy. All the juniors on multifamily side and hotel side want to leave.
Been a few years, but the day I started there one of the analysts was rage quitting (shouting F*** everyone here and at a couple people specifically). It didn't get better from there...
Confirmed by former roommate who just left there it’s a full on sweatshop. AND comp is market, nothing special
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