Real Estate Distressed Debt Groups
Hey WSO. I'm a student at Uni and I'm looking at different internship opportunities. I've been interviewing for a real estate distressed debt originations groupbank ( / /MS). I've tried to look online for more information about these groups, however, I have not been able to gather much info. Saw that the names for these groups vary by bank (distressed credit groups, distressed debt investment groups, special situations). Was wondering if WSO would be able to provides some more info about these groups prior to potentially joining.
- I enjoy real estate, but not sure if this is something I want to do forever. Does this role pigeonhole me in real estate?
2. I have a fam member who is a senior employee in a CMBS group at a large bank. I can probably join this group (please don't judge, just being honest) as an intern. How does distressed real estate compare to CMBS? Does one offer better exit opportunities?
Going off of Q #2, what are the exit opportunities for real estate distressed debt investing at BB banks? Do most people stay in distressed credit?
Is it possible to move into REPE? I'm not yet sure if I am even interested, but, as of now, this is what I see myself doing in 5-10 years.
Any insight on hours or work-life balance.