Thor Equities - Any Exit Ops?

Not sure about exit ops but they have good deals on the table in Brooklyn with Amazon, I believe in the UK as well. What would you be doing? In terms of exit ops, check on Linkedin where people in your role ended up. They had some trouble in NYC, but still have dry powder and are active.

They are doing everything except retail and multi-family. They got whacked on their high street retail and almost took the firm under. they are doing really well and actually hired a life science executive recently. I know them well PM me for more information.

You’ll have fine exit ops. While this forum will they you they are not a good firm, etc., etc., they are still viewed highly and have a large amount of money to put to work. As another anecdote, my good friend just left the firm - he was there for a few years. And he consistently and easily landed interviews. 

nope you will never get a job again if you work there

The firm has a terrible rep in the industry from a culture standpoint, but that being said, people still exit to quality places if you can last there for 2 years or so.

Analyst 2 in RE - Comm

Hey All - 

I understand Thor Equities has an iffy reputation.. can anyone possibly expand on how they are still currently viewed? Also, are your exit ops limited due to their poor reputation? 

I think you are confusing an iffy reputation as a firm with how that will impact you as someone who works there.

They got killed on retail the last several years, and their few ventures in MF were a joke, so from a big picture standpoint they seem like the kind of firm whose investment strategy relied on prices always rising to bail them out (e.g. not people well positioned to make money in down markets).  However, it should be immediately apparent that you won't be tarnished with that brush merely for having worked there.  They're a large, active, nominally professional organization - you'll be fine.

More generally, "exit opps" aren't as much of a thing in real estate as in finance and it rarely applies.  If you want to design skyscrapers, working at Thor is a terrible place to be... but so is Blackstone or Related or anywhere else.  Go be an architect or facade engineer in that case.

From my opinion, experience usually correlates with exit opportunities, with the exception of coming from "prestigious" or difficult to enter firms where the exit opportunities assume you are smart so they will teach you the job.

I'd think it really depends on what you will be doing and if it lines up with your desired exit opportunities. I don't know the reputation, but for example, if the firm is know to do terrible underwriting, you might have to make sure to cover that in the interview so they won't just assume, or even use it as a reason to exit. Otherwise, I don't believe it would materially effect someone.

The real question is why people even want these jobs. You go work in IB or whatever so you can lateral to a meat-grinder PE associate role to build your resume so you can... land a cushy gig at a boutique firm where you can work your way into a meaningful ownership share? Feels like you can totally skip the first two steps in real estate. Your peers at the end game firm will have come from brokerage, from architecture, networked their way in from MRED programs, etc. etc. To me it seems like a process and a motivation that is completely driven by the blinders of an undergrad who can only name a handful of huge firms.