Thor Equities

Does anybody have experience with or knowledge of Thor Equities’ culture, operations, and work difficulty. I know they’re a top player in NYC and function as a GP and Owner/Operator. Would working at Thor give you good exit ops? 

 

Interviewed with these guys a couple years back in person. Revolving door of employees. Every one is miserable and the culture is awful. When I asked each of the four I interviewed with about the culture, each were hesitant. The head of the group I interviewed with also bashed her current Analyst right there to me which turned me away quickly.

They are also always defaulting on their loans and that is pre covid. I don’t know who any of there capital sources are aside from HNW Syrian Jew money but I have heard they’ve lost a ton of institutional backing over the past couple years.

 

Joe Sitt is in big trouble right now. The only reason someone should be taking a job there is if they desperately need to move. They were in a rough spot pre COVID and are in a storm of shit right now.

Should a tenant rep broker currently making no money and wants to move to the equity side consider this job? Yes, but thats about it.

 

So, lot of comments that the culture sucks but how about some explanation or even a breadcrumb’s worth of more detail.

 

“Toxic” doesn’t tell me much. Are ppl dicks there? Bro culture? Cut throat? Long work hours? Bad pay? Low morale (sounds like it)?

 

They continuously try to reinvent themselves and fall flat because they are idiots.

I was there when they were becoming "creative office investors" in the valley.

and I am here now as they try and penetrate my new market. And they will fail because they are fools that have no idea what they're doing but think they are smarter than everyone.

They're and awful group to have even ACTIVE in your market. Screw up everything for the good guys...

 

this place is an absolute joke. their head of HR completely ghosts you.

also - their investment thesis is all over the place. started off as a retail shop and pivoted into too many lanes...this won't end well.

AVOID!!

 

They probably have a good amount cash to weather this and I would say some of their retail assets are exceptional. They own on some of the best retail corridors in the city. They're probably getting destroyed right now with rents coming down and vacancies, but their locations have intrinsic value and retail is not done for good it will come back.

 

Other stories on here about them are pretty crazy as well (in other threads). Not sure how true, but something about Joe at his kids school and buying a building a broker sent to him on a whim in the area just to show off. 

 

Another day. Another foreclosure for Thor. Joke firm.

 

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