Monogram REIT the old -Behringer Harvard Multifamily REIT I. Does anyone know if they are a good/smart company to work for? Associate or Acquisitions Analyst? I know they've been focusing on new Developments and exiting some of the non-core markets. The company is part of a small list of opportunities that i'm interested in pursuing but would like to hear you guys opinion on it.
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Looks like not much on Monogram.... what about Behringer Harvard, what's your thoughts on the company?
i don't see or hear about anything wrong with them, but they are heavy on development and i could see them shedding development guys when the music stops (REITs do this), because we are obviously pretty late into the apartment development cycle. that's a bit of a morose perspective but i'm just trying to play devil's advocate and think of any downsides.
You bring up my biggest fear. I want to get in the Acquisition side but we are pretty late in the cycle. Typically in a down turn they are the first ones to go. I'm an Asset Manager right now but it's not as quantitative of a role as my skill set calls for (in other words not challenging enough).
Sometimes private REITs (like Behinger) have a not so great reputation (think ponzi scheme). After checking though Monogram trades on NYSE which I personally view as a strong plus over a private REIT. Sorry don't have a lot of info for you.
They are a REIT with good mgmt and high quality assets. Ditto the above poster on their heavy development pipeline. Unfortunately, they are not long for this world. Activist investors are hardcore on their case and not above lying when it suits them. It's unfair situation, but I would not accept an offer under any circumstance. They will be sold soon.
I read the WSJ article that you might be referring. Last I've heard it never left the initial talk stage.
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