Real Estate Private Equity Shops NYC-&gt; Advice

Authored by: Certified Real Estate Professional - ManagerCertified Real Estate Pro

Teddy Roosevelt

King Kong

Really vague question, but NYC is a finance city...so yeah it's probably the best in the US. However, keep in mind while headquartered in NYC, most large REPE shops have multiple satellite offices because you generally need physical boots on the ground/acquisitions staff in different regions to source potential deals.

Please don't quote Patrick Bateman.

Marone

Senior Monkey

I've heard that a lot of investors don't wanna deal with NYC real estate because of the crazy laws the city has which makes it very complicated to have a competitive advantage in the market.

ooof marone !

prospie

Almost Human

What kind of question is this? Just like vanilla PE, getting into REPE isn't about what city the fund is in (whether it's in the middle east, London, Chicago, SF, etc.), it's about having the right experience.

Alexander Hamilton

Gorilla

prospie:

What kind of question is this? Just like vanilla PE, getting into REPE isn't about what city the fund is in (whether it's in the middle east, London, Chicago, SF, etc.), it's about having the right experience.

I know people who made it to target B-schools after working in MO roles at NYC BBs and they had semi-target undergraduate degrees with less than stellar GPAs. Do you think they would have made it if they worked outside of NYC?

"It's very easy to have too many goals and be overwhelmed by them... The trick is to find the one thing you can focus on that represents every other single thing you want in life." -- @"Edmundo Braverman"

prospie

Almost Human

Alexander Hamilton:

I know people who made it to target B-schools after working in MO roles at NYC BBs and they had semi-target undergraduate degrees with less than stellar GPAs. Do you think they would have made it if they worked outside of NYC?

Point taken, and I don't mean to totally dismiss the advantage of being in the center of the universe, but we aren't talking about b-school. If you want to get hired at one of the best opp funds, take a look at the guys who work there and see what kind of experience they had beforehand. They didn't work in MO jobs.

SureThing

Senior Gorilla

Well the B-School topic certainly came out of nowhere.

When a plumber from Hoboken tells you he has a good feeling about a reverse iron condor spread on the Japanese Yen, you really have no choice. If you don’t do it to him, somebody else surely will. -Eddie B.

jb4612

Senior Chimp

NYC

International Pymp

Almost Human

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