So I have been offered an interview with a top real estate private equity firm but don't know much about the technical side of it.
How do you calculate FCF when looking at real estate? I know the formula when analysing companies fcf =(1-t)EBIT+D&A- change in NWC -Capex.
As this is an internship straight out of undergrad , will I be expected to build an lbo model? I know the basic concept but can't actually do one. I've never studied real estate before.