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NYU SPS MSRE Reputation (and others)
I’m currently considering NYU SPS MSRE with a concentration in Finance and Investments due to its appealing timing, location, and curriculum (subject to acceptance). However, I've encountered mixed reviews about its standing, especially in terms of ranking and reputation. My career goal is to work...
I think my firm is taking advantage of me. What should I do?
Ok.. so to provide some background. I've been in the CRE industry for 4+ years. I started off my career in investment sales very briefly right before the pandemic hit, lateraled over to capital markets at a very large shop in a very large city (think CBRE, JLL, CW in NYC, Seattle, LA, Chicago,...
Wells Fargo (WF) Commercial Real Estate (CRE) 2025 Timeline and Question
Does anyone know or have heard back from Wells Fargo 2025 CRE summer 2025 first round after doing their HireVue? Along with what type of questions should I expect to have to answer, preferably technical preps if you know.
How Much Should a Commercial Real Estate Underwriter/PM Earn?
Looking for a bit of guidance. I am currently an underwriter in CRE and I would like to understand what fair compensation should be. I really just want to gauge the market and see what others in CRE are making working in the same/similar roles. I'm a little over a year in, and I genuinely enjoy what...
Need help with career trajectory ASAP - I'm desperate
Alright so I'm in a bit of a buttfuck here and really need some good advice on which career path to make for myself. All feedback is welcome as I'm struggling to find meaning in my life for work. I'm working on two offers right now, (1) Credit Analyst for a Commercial Real Estate team at a...
Laid Off - Need Guidance / Reality Check
I was recently laid off as a corporate banking analyst III at a large international bank in NY covering the REGAL sector after a year and some change there. I had left a top Valuation/Advisory analyst position at another bank (also after a year) for this role (deal experience and personal interest...
Investment Sales fee share within teams
Currently work at a top 5 brokerage (CB, JLL, CW etc.) on a 5-person industrial investment sales team and wondering how other teams structure fee share/what the industry standards are for analyst participation Our split with the house who covers all expenses tiers between 50/50 & 60/40 Team is: 1...
Wealth Management to CRE (Sperry Van Ness)
I currently have a job in WM, have for a few years now as an investment analyst/PM. I'm not loving it, I like the analysis I get to do but, frankly, the job is a bit boring, especially since I work at a pretty small shop. I have an interview coming up to be a broker at Sperry Van Ness in the...
Financial Analyst at Commercial Brokerage Comp + Structure?
For those of you that are financial analysts at a commercial brokerage, what's your total comp? Here's mine to start: first year starting salary: 85k base + 5k bonus. No financial analyst pool, which I heard is common at other commercial brokerages. I work with around 14 brokers across roughly 6...
AI Modeling in Commercial Real Estate
Has anyone found any AI tools that have helped them build out CRE Excel spreadsheets faster, easier, and more accurately? I've played around with a few add-ins but they're pretty cumbersome and take about the same time to develop a formula as just inputting it yourself. I am happy to dig into any...
Year-1 Analyst at Bank in CRE Lending - Considering CFA
Hi all, looking for some career advice here. I'm currently working at a mid-tier bank in the CRE lending department as an analyst. Landed this job last summer out of an internship post undergrad, and I still feel very grateful that it worked out. I had no prior experience in finance, so it's been...
CRE Lending to Infrastructure / PF
Been very interested in "real" assets the past few years. Just finished my second year with a real estate lending group doing mostly asset management / some exposure to underwriting (group is on the smaller side), and while some deals I work on are interesting, real estate so far hasn't really...
Job Search Dilemma
Like many others, I am currently facing difficulties in my search for a CRE analyst position. I graduated from a small liberal arts university in December 2022 with a major in Finance (3.8 GPA). During my Sophomore year in school, I started working at a small RE firm that primarily focused on...
IRR Decrease Justified?
Hey All - I'm having issues wrapping my head around the decrease in IRR from 7% to 1.1% even though I'm dropping hard costs by roughly the same percentage. Do you think even with this decrease in rents/construction costs the IRR is going to drop that significantly? Or am I missing something?
Looking for Advice: Hotel CapEx/Development Accounting to CRE Finance/Investment Pivot
Hi WSO, First posting here and I am reaching out for some career advice. I have been working in the corporate office for an establish luxury hotel owner/operator for the past 5 years. I am in a mid-manager role (reporting to a VP) focused on CapEx budgeting/planning/tracking across the portfolio...
Walton Street Email Format
Hey I am trying to network for a Walton Street internship before their app opens in June and I cannot find the email format. Would anyone be able to help me out? Much appreciated.
Non-Target (Junior Career Advice)
Hello, Currently a junior and have been trying to work in commercial real estate since my freshman year. I attend a non-target school in New York City and have had the following experience. Freshman Year: CSR internship through college, CRE training Program Sophomore Year: Property Management Intern...
For office properties, do you typically assume landlord costs to whitebox space in between tenants (separate from TI)?
Most Argus models I've seen only process TI allowances for new leases, but don't consider that there will be landlord costs to bring space to a whitebox condition in between leases. For example, an office unit might have an old buildout and would require some interior demolition and other work...
How Important are Underwriting Skills
So I recently graduated and got a role at JLL/CBRE/CW as an analyst on an investment sales team. Our deals are small and simple (STNL) so im getting virtually no underwriting or modeling reps. Will become an associate in the next year or so and enjoy my team but I feel my potential is limited since...
What kind of deal is this?
I am completely new to this industry and was given the opportunity to help raise capital for a small commercial real estate investment firm in Germany. The GP acquired a property ( I suppose with loans) and now he is trying to sell ownership of that property or acquisition I am not sure how to refer...
Is there a way in Argus to set the inflation/rent growth start date to prior to the analysis start date?
I need to model the cash flow for a proposed building upon completion, so the analysis start date will be a few years into the future. However, I want to input market rent and exense assumptions as of a current date and have them grown out at the market inflation rate so that by the building...
Does A Career Brokering/Forming JVs Even Exist?
Forgive me if this sounds stupid. Okay, so I'm going to start out by describing a job field and I'm trying to find out if it exists and what firms operate in the space: This would functionally be a sales role, underwriting the performance/management of the real estate investors (equity fund, debt...
Good books for Real Estate Credit Fund
Hey guys, I am about to join a Real Estate Debt fund next month which invests across the whole capital structure (senior, whole loans, mezz, distressed, construction loans etc.), and this forum has been very insightful in helping me land the role. I would like to ask for book recommendations that go...
How to gain the most out of internship?
Junior in university starting a capital markets spring internship in a few weeks (C&W, JLL, CBRE). I already secured an internship for the summer in REPE, and I have prior internship experience at a small $1B REPE firm. Does anyone have any tips for gaining as much as possible out of a great CRE...
Developing a Business Plan for 2023 - CRE Brokerage
Has anyone in commercial real estate brokerage put together a business plan for their own business of 1-person or a small team (whether leasing broker, investment sales, etc.)? I heard that the top grossing, superstar brokers in the major markets do this each year and with the year just starting, I...
Eastdil Secured Internship Experience?
For those who have gone through Eastdil's internship program, what was it like? What did the day-to-day look like, hours, etc.
Oxford Properties
Couldn't find much info on this firm. Heard they are quite prestigious, at least here in Canada. What does comp look like for junior investment roles at the Toronto office? I believe its above market, would be nice to see the ballpark. Also how's the WLB and culture? Since Oxford is the RE arm of...
Real Estate Developers in Charlotte
I'm looking to move to Charlotte and work with a local developer. I saw that Grubb, Hines, Crescent are located in Charlotte. Side note, I heard Grubb's office culture was dull. Any truth to that? Bonus points if you know they are hiring. Thanks in advance,
Interview Question - Two Identical Buildings, why would their value differ?
I once got asked in an interview for an internship at a PERE shop the following: There are two office buildings right next to each other and everything about them is virtually the same. In looking to acquire this property, what are ten things that would explain why the two buildings have different...
How Do You Deal With FOMO Or Opportunity Cost In Choosing Your Career?
Hi guys, battling with this for a while now and would really appreciate someone sharing their insights into how they deal with the fear of missing out or opportunity cost of pursuing real estate versus other career paths.I'm currently in college at the moment and hold 2 interests: one being...
CRE Sales? Boon Or Bust?
Worth doing CRE investing sales? I have the opportunity to connect with a smaller group outside of town
To Those Who's Had A Successful Career In CRE, What Advice Do You Have For Younger Generations?
I figured it would be helpful to ask these questions as well apart from the general advices for younger people: 1. How did you invest your money? Did you put a decent amount of your capital in public equities or just majorly real estate? If real estate, was is co-investments or did you do your own...
List of Good REPEs/Operators/Developers - Starting This For The Community
This is what I have for now, please feel free to add more as I don't think we cover enough info in RE comparing to other industries. I'm filtering out firms that pay >= 90k all in 1st year (in no particular order) and have had a good reputation for learning experience in the industry. Blackstone...
Comp survey?
Did anyone else get this survey/do it? I heard they're publishing it, might be interesting to the what's good in the market. https://forms.gle/fBXzQB8GHFLNmW297
Q&A - Senior Associate Ex-Megafund (REPE)
Hello monkeys— Thought I might give back to the community that’s helped me get to where I am and taught me about the world of finance. Here’s a little about me: Educational Background: T-5 Magnet Public STEM High School (feeder into Ivy; 50% of graduating class of 69 went to an Ivy or...
In a cash flow, how do you handle the capitalization of absorption and turnover costs for terminal value calculation when a property is modeled to have absorption costs essentially every year?
I built an Argus model for a stip shopping center, and due to the number of spaces and staggered lease expiration dates, Argus models there to be absorption and turnover costs every year of the cash flow. Normally if there were significant turnover costs in the forward year, I'd extend the analysis...
Commercial real estate investing
Hello all, I have a question. What are the must know info or details before putting down an offer? Also, do buyers tour the properties? Lastly, in CRE, do buyers usually use an agent? thanks Nick
Buying/investing in commercial real estate
Hello all, I have a question. I am new in buying/investing in commercial real estate. I just found an app that is essentially tinder and loopnet all in one. What i mean is that this company gets a lot of info on what type of commercial property, price, average revenue and operating costs etc... It...
What does the Fed's increasing interest rates mean for commercial property mortage rates going forward?
Is this already priced-in to current mortgage rates, or can we expect to see increases going forward?
(65 Units) $8.6M TDC with 0% Money Down - Attempting 1st Deal
Ok, so last the time I was attempting to draft up a proforma for a deal was right before COVID hit in 2020. Since then, my Architecture firm has almost exclusively been working in the healthcare industry. We finally have a breather. 🥲 I want to take a look at another deal. I am doing the design...
How to break into commercial real estate without the fluff
Breaking into a top brokerage as an investment sales analyst in NYC (think CBRE, JLL, Cushman, ES) was one of the hardest things I've ever done. I went to a non-target, didn't study finance or real estate, had no previous experience, was a career switcher and several years out of school, and lived...
Networking with brokers
Looking to break into development, and am interested in speaking with brokers to gain some insight on who is doing a lot of the local deals. The only problem I have is that I have no idea which brokers to target, I found research analysts at some major brokerages I could reach out to, but any...
RE Prospect Seeking Advice
Good day guys and girls, Currently in UG studying finance. Have always been shooting for IB but randomly got into a RE investment internship in hospitality. Was a pretty positive experience. Before that I've always wanted to get into RE as a side hustle when I have some savings. After the internship...
Spec Industrial construction - Debt underwriting/sizing
I would be curious to know how other lenders are underwriting/sizing spec industrial construction loans. LTC, DY, DSCR, how they underwrite NOI, etc. Specifically focused on traditional bank/senior balance sheet loans vs. higher-leverage debt funds and/or deals with a mezz component, though that...
Investment Sales Property Valuation Modeling
When IS brokers model out their BOV, what type of approach do they use? Do they use a direct cap method versus a DCF method? I'm assuming for institutional clients they'd prefer seeing a DCF model, no? And how long into the future does their proforma forecast?
MBA Programs focused on CB and/or CRE
Finished undergrad about 2.5 years ago and thinking about going back for my MBA to keep myself busy outside the 40 hr work week and hopefully further my career. Anyone know of any specific programs focused around Commercial Banking and/or Commercial Real Estate?
Small-Market Investment Sales vs. Institutional LL Leasing Commission
Was just wondering about this the other day - on an average basis, who takes more home in commission, a small-market investment sales broker ($1MM-$10MM, think Marcus & Millichap) or a institutional LL rep broker (think CBRE)? I would assume investment sales brokers because LL rep brokers need to...
Moving to Lower COL Area to Ramp Up Savings? For Dev Associate Gig
Curious to hear community's thoughts on moving to a lower cost-of-living area with the goal of seriously ramping up savings to then use for one's own deals? Currently living/working in tier 1/2 metro at a regional developer (nearly $1b in development pipeline) and received a very competitive offer...
CBRE FCG Skills Assessment test
Hello, I have to take a skills assessment test soon and the MD told me this is what to know: - amortize loan and calc NPV/IRR with financial calculator -Time value of money -Basic Financial ratios -Basic lease & sale analysis -Algebra -Writing sample Anyone have any resources to study for these...
Small Market Investment Sales at Large CRE Brokerages
Currently doing investment sales at one of the large firms (CBRE, C&W, Newmark, Colliers) on a team primarily focused on small market deals/clients ($2MM-$10MM). I have to say, it's been pretty bland and soul-sucking. Team wants me to call property owners relentlessly with no real training or...
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