I work for a real estate focused family office and my job is incredibly diverse. I do everything from acquisitions, development, asset management, and even a little bit of property management. This is across industrial, office, multifamily, and retail product types. We even do some LP investments with developers and value-add guys.
What would exit opportunities look like for someone with my experience? I feel like being the CEO of a real estate focused family office or opening my own shop are really the only jobs where such a diverse skill set would be of use. I am technically an analyst but I am also doing VP/MD/CIO level work. I wouldn’t even know what to think if I was a recruiter looking at my resume.
Is this common for small/family run real estate companies?
Yes. I'm in a similar position. What size of deals are you working on? What's the AUM of Family Office?
Also, what is the scope of your responsibilities for the development projects? Are you managing the developments entirely yourself? What types of deals are you asset managing?
I’m working on everything from 7 figure to 9 figure deals.
As for development, I am by no means a development manager. I source the site, do preliminary zoning analysis, build the model, determine the highest and best use, negotiate the PSA, lead/assist in transactional DD, source financing, work with brokers to get it leased up with the right tenants, and negotiate leases. As for what happens in the construction process, I personally have very little to do with that. I hang out at design meetings and tell jokes once in a while.
I’m definitely more of a finance type than I am a developer.
Sounds like a kush gig. Why do you want to leave? Any family office doing $100M-$999M deals should be paying really well. Especially if you're doing all that you mentioned
Deals in that range are few and far between. E.g. developing a multi-generational lot assemblage play. 7-8 figure deals are far more typical.
Not trying to leave just curious where I’d be if I were to get laid off or fired for whatever reason. I’m not sure if I’d be looking at C-level roles or analyst roles.
Probably somewhere closer to Associate / VP-Level. Again, I don't know you so I can't comment with conviction, but, in my opinion, you're not landing at a Related, Tishman, Hines, Oaktree, Blackstone and starting any higher than that if you're in your 20s. If you have some legit experience, maybe you come in and receive some carried interest / participation in a small shop.
If I were you, I'd try to hitch your ride to a small shop that would give some carry OR if you have access to investor capital, try to do something on your own.
The biggest problem I see with me trying to go institutional is that my modeling skills are definitely not on par with someone who was a true analyst at a big name shop. I probably spend 15% of my time modeling.
Without knowing you I'm not sure I can help beyond what I've said. Your best bet to figure this out is to go through the recruiting process for some of the roles / shops that you're interested in.
I'd say your experience is likely flexible enough to the point where your exit opportunities depend more on what you personally want to pursue.
As for what your title would be - I would say it depends solely on your age and how many years of experience you have.
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