Based on your question, it sounds like you know what you want to do..

"I am most passionate about investment & development. I really dont want to sit at a desk all day or crunch numbers all day. I like the financial aspect to real estate but also the physicality, buying and selling, making deals, sourcing equity, etc."

  • The part about not wanting to sit at a desk all day crunching numbers = stay away from private equity/limited partner investment roles as desk work/modeling/crunching numbers will the majority of the day to day

  • Liking the physicality of buildings/buying and selling/making deals = you want to be close to the asset, which in turn makes an operator level job your best bet. You could try a developer or investment sponsor (ideally a smaller shop where you could wear multiple hats). Most of the larger shops segment roles such as acquisitions, developer/project manager, asset manager/property manager, etc.. into separate verticals whereas small shops require people to do a little of everything.

  • Brokerage would surely get you out of the office more than any other RE gig (aside from maybe appraiser) though this is going to be a sales role as you probably know...you could go to a top investment sales shop and get your financial juices flowing (as you'll be building Argus runs for deals you're on) and you'll of course be making deals happen too (and building a network in the process).

 

If you're passionate about the investment an Development side then you will need a decent financial acumen which is developed from entry level roles modeling all day like with a brokerage shop, bank or who ever. I have same interests as you, but I am willing to put in the 2 years or so and be a spreadsheet monkey and hopefully come out with a strong background and good exit ops.

 
cmartin9:
I am trying to figure out my career path, I have some RE experience and really love the industry.I am most passionate about investment & development. I really dont want to sit at a desk all day or crunch numbers all day. I like the financial aspect to real estate but also the physicality, buying and selling, making deals, sourcing equity, etc.What real estate jobs should I look into?Based on my interests, I feel like some kind of development associate, acquisitions, or the like would be good. Maybe project manager? But I wanted to ask here to see what roles I should learn more about.

Based on your post here, definitely development over acquisitions, but by no means determine your future based on my interpretation of your post

Commercial Real Estate Developer
 
Best Response

You definitely should use Indeed.com, SelectLeaders.com, and LinkedIn.com to find for yourself, but here's two I just randomly pulled:

Primary Purpose of Position: Coordinate and supervise the management of various elements of assigned commercial real estate development projects.

Essential Functions:

Provide direction and coordinate elements of the development process from project inception through completion and the subsequent turnover to Property Management. Coordinate the work of the BP internal team (Leasing, Legal, Construction, Finance, Accounting, and Property Management) both within Boston Properties and with outside consultants. Create and maintain budgets and economic models for potential acquisitions and development projects. Participate in the due diligence process and evaluation of proposed developments and existing building acquisitions. Assist in maintaining and insuring that the project budget is achieved. Coordinate and participate in the various aspects of the permitting/entitlement process, including attending and representing Boston Properties at appropriate public boards and hearings. Coordinate the work of the tenant design team. Coordinate the preparation of the design and construction schedules. Coordinate project design with contractor pre-construction services. Review and approve all project invoices, including design services and construction requisitions. Oversee design and construction progress meetings. Assist in the preparation, negotiation and execution of all project legal documents and contracts. Assist in the leasing of projects, including participation in tenant showings, proposal preparation, tasks related to the consummation of a business agreement, the negotiation of tenant leases, and the development of tenant work letters. Prepare budgets, review monthly requisitions and other financial requirements of construction and other lenders. Provide timely and accurate project financial information to the Capital Markets Group for capital budgeting and earnings projections. Produce and maintain the various project information and reporting requirements of the Development Status Database, including the Status Report, PCR budgets, and Capital requirements. Prepare periodic case studies to inform/discuss various “lessons learned” with internal departments.

Non-Essential Functions:

Participate in real estate industry groups. Perform duties as assigned.

Requirements and Qualifications:

A BA/BS degree required with a concentration in a related field preferred. Masters in Business Administration preferred. A minimum of 0-2 years of progressively responsible real estate development or related project management experience required. Strong analytical and problem-solving skills. Excellent verbal and written communication skills. Ability to handle multiple tasks simultaneously while under pressure. Ability to interact with co-workers, contractors, tenants, and/or vendors in an articulate, courteous, and business-like manner at all times. Ability to produce quality work in consistent manner. Ability to manage complex, multifaceted projects and teams. Results oriented. Strong negotiation and conflict-resolution skills. Ability to produce quantity of work necessary to complete assigned tasks in a timely manner. Self-motivated with the ability to work independently or to work as part of a team. Adaptability to changing demands. Proficiency in Excel, Microsoft Word and Lotus Notes.

and

Overview

When you join Hines, you will work alongside innovative leaders who set the standards responsible for our reputation as an industry leader today, and you’ll be a part of shaping our future in the years to come. Responsibilities

As an Associate with Hines Canada based in Toronto, you will assist senior management and regional personnel with the underwriting, financing and Asset Management of investment grade real estate development and acquisition projects across a variety of Canadian markets and asset classes. Responsibilities include, but are not limited to:

Perform financial analysis of various real estate investment opportunities Assume project management responsibility throughout the real estate development process Support the implementation of asset Management Strategies for owned properties Qualifications

Minimum Requirements include:

MBA or related master's degree from an accredited institution Two or more years of related experience in real estate or in a financial analysis role Strong financial and analytical skills Argus knowledge required Excellent oral and written communication skills Ability to manage a variety of tasks within a tight time schedule Ability to analyze real estate from a strategic point of view Canada work authorization required

Commercial Real Estate Developer
 

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