Proptech to CRE/REPE

Hello Everyone,

I was laid off from my Analyst-I role at a Tech-focused boutique where I had been working for about 10 months. Dealflow had dried up and the pandemic gave them a reason to lay off about 20% of their workforce.

After multiple interviews and hiring freezes in the last five months, I have now joined the valuation team of a Proptech startup. The role involves valuing different types of real estate (mostly residential) using different methodologies including cash-flow based modelling and ad-hoc market research.

Is it realistic to work here for a year, build up better sector knowledge/network and then try for an Acquisitions role at a REPE? Or are there other roles in CRE that would be better suited for me?

I am not completely ruling out the possibility of trying for M&A again in the future but being in my late 20's I am not sure if re-doing an A-1 stint again is the best choice.

Background: Target school Europe, Around 1.5 years of M&A experience including internships, Previously worked in Controlling at a F500.

Looking forward to your suggestions/advice.

Thanks in advance!

Comments (2)

 
Aug 30, 2020 - 6:59pm

Given the pandemic and job issues its caused for many, doing this as 'holding place' job for a year is not crazy and easy to explain. But, I would prob get back to looking for positions sooner than later if this current role/field is not want you want to do.

When you lose a job in a downturn and then go do something else that seems random/off-path, it's not looked at poorly. If anything it shows resilience and ability to keep making progress (and money). So, in an odd way, you get a free pass on something that would otherwise look bad on a resume. Meaning, a short stint at this role won't hurt you much in the job market (the issue may be the job market itself, hopefully a year will make the difference). 

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