Top REPE firm culture variances?

Can anyone tell me from the top 15 firms if they are aware of the culture and work/life balance.

Naturally we all know that Blackstone is brutal. Also, I've heard that Starwood & AREA can also be sweatshops...while CBRE Investors tends to be fewer hours, fun, but severely below market pay. LaSalle tends to reflect its mid-western culture and offers a relatively good balance of compensation and culture/hours.

Can anyone else comment on what they know or experienced. I'm looking to gauge where culture & work/life balance is good in comparison to compensation.

1. The Blackstone Group
2. Morgan Stanley Real Estate Investing
3. Tishman Speyer
4. Colony Capital
5. Goldman Sachs Real Estate Principal Investment Area
6. Beacon Capital Partners
7. LaSalle Investment Management
8. The Carlyle Group
9. Prudential Real Estate Investors
10. Lone Star Funds
11. Westbrook Partners
12. AREA Property Partners
13. MGPA
14. KK daVinci Advisors
15. CBRE Investors

 

After digging around it appears that Colony is also a sweatshop if you are in their L.A. headquarters...not sure what it is like in other cities.

A friend that I spoke to said that Prudential PREI headquarters is located in suburban Morristown, NJ and a lot of the younger analysts/associates end up commuting from Hoboken/NYC ...and the reverse commute combined with long (but not brutal) hours tends not to be all that great.

 
Sweatingequity:
Not sure if this is the exact input you are looking for, but if it were me looking to join one of these shops I would look for the ones that are growing the most. For example, I have heard great things about CIM in L.A. They just joined the PERE 30 list...very dynamic, young, growing shop.

I know a couple of guys there, very solid shop. They hire a lot of ex-bankers, so the hours are relatively tough (as you would imagine).

 

You are dreaming. In real estate your job is to make money for the principal(s). They control all the equity: points on the front end and back-end. REPE firms that are institutional (have money for investing) are hard working and not "fun/open-air" ... here results and returns matter. Small "boutique" guys are greasy salesmen who are in it to make money for themselves and their families.

Real estate is great, but having been in REPE I can tell you would do better at a sleepy REIT (some exist .... most are not though).

 

The only "fun/open-air" guys I've seen in the real estate investment industry are the young developers (stoners) that started Aspen Heights (student-housing in Sw/Se). Alot of it probably has to do with your location...

Stereotypically speaking, the way a large fund manager in NY carries himself is entirely different than a boutique developer in Georgia

 
welcome2nyc:

Is there any reputable REPE fund/shop that has an amazing work life balance & atmosphere in NYC or Cali? I wish there where REPE shops that resembled tech start-ups - young fun people, open air office environment, casual dress code...am I dreaming? Perhaps I need to work for a small developer?

Why not just join a tech startup like you stated?

 

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