Need advice on Exit Opportunities from a "Real Estate Analyst" position

Hi everyone, I was hoping for some advice, I'm currently working in a client relations position at a hedge fund administrator but I've been actively interviewing and had an interview for an analyst position within the real estate and development division of a large company in Canada which went very well. I feel I would learn a lot in this position but its a contract position so I would be out of a job after 14 months unless I decide to move around internally.

Could anybody let me know if the below responsibilities are transferable to other positions? A lot of the responsibilities seem more administrative than analytical.

Responsibilities include:
Provide detailed CAM and Tax reconciliation, manage the administration of property including budget analysis, rent rolls and the forecasting, and reporting of rent, CAM and Tax budgets

I appreciate the advice.

Thanks,

 

Thanks for the advice, I really appreciate it. I have 2 years of previous brokerage experience in the residential real estate/ multi family real estate market but I'm hoping to expand my experience into a commercial real estate setting and this seems like a fairly interesting position within the Asset Management industry. I'm putting a lot of consideration into this position but I also had some interviews with engineering companies in their valuation and advisory arms but not too sure how they went, I followed up and was told they'd be making a decision around the same time, which is sometime next week.

RealEstateNerd:

I think taking this offer is dependent on what your career goals are. Do you want to be in real estate Asset Management or would you rather be in development, acquisitions, etc.? There are plenty of examples of people moving from AM to development, project management, acquisitions, et al as you'll have a lot of 'boots on the ground' experience. However, at the same time if you're not being forced out of your current job you can always try and be patient and find a job you'd prefer, rather than the first one that comes across your desk. You alluded to it in your post by saying that it's more "administrative than analytical" - the job sounds more like an accounting/admin role than active asset management where you're reviewing leases, capex jobs, and trying to add/maximize value of the asset.

I made this mistake when when I left my first job after 12 months. As soon as I landed at the second I realized it was dull and not for me. Stuck it out for 10 months while constantly interviewing and eventually landed a dream job at Hines/Related/BXP. Only you can make the decision on what's best for you long term but thought I'd share my experience. Good luck!

Thanks for this! I am hoping to move into development or acquisitions but I know I will likely have to bridge my experience in that direction and as you mentioned Asset Management may be the bridging position for my situation. I'm not currently being forced out of my position but am in consideration for a promotion, I know a lot of people don't leave right after a promotion but I don't want something like this to tie me up for another few months because it may burn a bridge. After speaking with the interviewer on the phone again after my interview as they had additional questions I was told it is a "real estate administrator" position not analyst position and it was misprinted on the job posting. I am still putting some consideration into this as it may provide the bridge I need but may hold off on accepting the position as I have some alternatives which I won't hear about until next week. Thanks for sharing your experience, I really appreciate it.

 
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