Hey guys,
Can anyone share some ideas on how to answer the 'why our group' question. Its for a Financial Analyst position working under a Senior Analyst in leasing.
I've figured: leasing is the backbone of cre; I'm interested in working in the function that drives other deals; want to work in analytic capacity to find the best structures for tenants/landlords. I also figured I would touch on the fact that the firm is full service, so its a great opportunity to see how the moving parts support each other.
Any additional advice, or resources to read up on would be great.
Thanks
I'm assuming since this is an analyst position that you don't have a tremendous amount of experience in CRE (but I do apologize if I'm miss-interpreting).
That being said, leases are value drivers on an asset level. To truly understand CRE on an aggregate level, understanding lease terms, structures and strategies from both a landlord perspective and tenant perspective is vital. For example, a landlord who is cash poor and doesn't have money for TIs might want to offer below market rates in order to fill their building. On the other hand, a landlord who is getting ready to exit an asset over the next 12 months might offer above market TI or rent abatement packages to lock their tenant into a higher rental rate (which they then hope would help inflate pricing when they sell). All of these things ultimately affect the value of an asset (sometimes positively, sometimes negatively).
Basically what I would try to hit on is that leasing is one of the most integral factors in real estate, and your desire to learn about how leases can affect the operations, success from an occupancy and cash flow perspective, and how leases and specific terms impact values. Lastly, leasing and tenant rep can be very fast paced - lots of cold-calling, marketing, trying to develop relationships etc. One of the most important things these firms look for is a dynamic, outgoing personality - so if you have one, be sure to let it show and be upbeat, speak firmly and don't be afraid to smile, after all, a big part of any real estate job, acquisitions, investment sales, leasing - is developing relationships.
Thanks for the answers guys. So the role is a financial analyst, supporting an entire leasing group (like law firm, accounting, technology group for example). From the job description, it sounds like responsibility would be to coordinate and work with managers within this group and report back to the guys who are managing the entire region. It lists: performing cash flow projections, valuation models, review leases and due diligence legal stuff, and assist in preparing deliverables.
I was speaking with a friend who just joined this firm a few months ago, as a tenant rep associate. She says her and the people she works with don't do any of that stuff. Have you seen or worked with Analysts that work in this capacity? Any tips on what their bosses have them do/things to prep on?
Very appreciative for the help.
My favorite when I was in tenant rep brokerage was:
1) every deal is different, new client, new leandlord, new problems. 2) You really learn your clients business. You may not get it now, but you really have to understand how your clients business works to properly understand their real estate requirements. In doing so you learn a lot about other businesses other than real estate.
Its its a one of the good shops (CBRE CW JLL Studley) as a "financial analyst" you'll basically be preparing models and pitch books to make the brokers look good. I use the word models loosely its really just procalc and NPV of leases, etc.
Yup, one of them. I have a few case studies with their pro formas built out, so I figure I'll just continue practicing building those for the next two weeks. I was also using the free trial of Argus and trying to work with case studies available online, but it expired. I've been reading over leases I can find online too.
Any recommendations on anything else I can do to prepare, or read up on? What would be some things that would really make a candidate stand out (market knowledge, specific skill, etc), especially without having any experience as a lease associate? Thanks for the input.
Aut possimus architecto inventore. Adipisci perferendis eum sequi ut. Exercitationem sed eum sunt occaecati eligendi voluptatem in unde. Excepturi a neque odit aut eveniet iure.
Laboriosam omnis et saepe error. Modi voluptatem provident nulla sed velit. Illo eum laborum voluptatem laboriosam cum commodi ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...