real estate development

Looking for some creative deal structures / ideas around this: My partner and I have a line on a well-located piece of land prime for multi-res development. The land was acquired by its current owner 5-6 years ago with the intention of developing office space. City council turned down his project...

17 Jan 2022

RE Monkeys, Am currently at a fork in the road in my career and would like to get some US views on getting into (NYC) RE/hospitality development in the next few years. Background: 1) UG at Oxbridge/LSE (3.5 GPA), MSc at continental European university that places into London IB/PE (3.8 GPA) 2)...

17 Feb 2022

I am almost 1 year out of college and work full time at a smaller real estate development company that develops luxury apartments (mixed use) in the greater NY area. I've been working here for ~9 months now, and have been tasked in all kinds of areas of development - diligence, financial/pro forma...

05 Apr 2021

@WallStreetOasis.com" has been invaluable to me since I decided 5 years ago to make a career change into commercial real estate (from non finance) so its my turn to give back. I hope my story can help some people. ####Background * Extreme non-target school (undergrad and MBA) * Worked 10 years in...

19 Jul 2019

I want to do a 5 unit townhouse development. My life goal was to get into real estate, but unfortunately I was pushed into Pharma PE. I have two years of real estate experience in undergrad as an acquisition analyst for a hospitality PE firm. But since graduation I've worked in Healthcare PE. I now...

24 Oct 2020

Hi everyone, This is my first post, but I am a longtime lurker. I will be graduating from a target school this semester and need help deciding between two entry-level offers: 1. Junior role with a Midsized Developer in a major metro (NYC/Los Angeles/London) It's not Hines or Related, but I'd be...

07 Apr 2021

Long time lurker, first time poster here. I'm a recent college grad and have been lucky enough to land a gig at a development shop (NYC), product is multifamily - both value add and ground up. I love the job although things can get crazy at times as my firm is small and we have to wear a lot of hats...

20 Oct 2019

A bit left field here given that this is mainly a finance forum, but has anyone interested in CRE, and more specifically development, given serious thought to starting their career in a construction role as opposed to something more traditional like AM or IS? Seems to me that if you're...

22 Jan 2020

I've been working with a well known developer in the Northeast US and listened to his story as to how he got involved in this business and why. What's your Why, When, How and Where?

12 Nov 2019

Hi guys, After working in architecture 5-6 yrs, putting together construction sets and zoning submittals, doing RFIs and construction admin, and studying a masters of real estate development part-time for 2 of those years, I finally pulled my first job offer in South Florida. It's for a small firm...

30 Apr 2021

I personally don't believe that the LEEDS certification has any value at all. It seems that the standards are not in line with the possibilities with newer tech in the space and don't really incentivize developers to go beyond the flex / greenwashing. As such I've been looking to find ESG-related...

19 Apr 2022

Was hoping someone might have insight on the differences between Trammell Crow Company (TCC) and Trammell Crow Residential (TCR). I know TCC was bought by CBRE while TCR (and Crow Holdings) is still owned/managed by the Crow family - but beyond that what does reputation and exit opps. look like at...

07 Apr 2021

Hi guys, Hoping to get some feedback from some vets in the real estate development arena. I am a civil engineer with 2 years experience developing large commercial industrial sites in Texas including the last half year managing projects. Ive done work for some of the big boys (Hines, Trammel Crow,...

12 Sep 2019

I graduated 3 years ago with a BS degree in Finance, good GPA at a pretty good school and started working in a Commercial Banking Leadership Program. I then worked as a commercial credit Analyst for about 18 months before getting promoted to a portfolio manager working directly under a CRE lender....

21 Oct 2020

So things just got VERY hairy at my work. I am an analyst at a multifamily real estate development firm. I work on underwriting potential opportunities as well as project MGMT related tasks. My coworker (superior) just got an offer at another firm. His position at our company is called Development...

08 Oct 2018

Went through a few threads but nothing concrete. If you were a regional representative for a national developer helping with execution and new deal development in the SE, what is market compensation going into 2022? Obviously multi-tiered: -Salary -Bonus -Promote What would those be for a director/...

22 Dec 2021

Let's say you are an investor looking at an opportunity to capitalize either mezzanine debt or preferred equity to fund the development of an apartment building which will cost $100m. 65% construction loan, 15% mezz/pref, 20% common equity. Whether you choose to capitalize preferred equity or...

23 Apr 2019

Got a new position with a Retail Developer after about 4 years at a small shop doing Mixed-Use, Historic Rehabs, and small Multi-Family infills. I figured after doing MU/MF, they all become similar from a bullet-point view. But retail tenants would have different wants/needs, so I thought it'd be...

13 Jul 2021

In this discussion I'd like to receive others perspectives on "Sweat equity partnerships". After speaking with an attorney last week, he mentioned one of his clients being only eighteen years old and owning twelve income producing MF properties. I do not know the number of units in each property,...

27 Jul 2019

We are looking at an off-market waterfront condominium development site in Florida to de developed into multiple condo buildings. Here are some of the specs: Fully entitled project - 5 residential pads which can build up to 275 units across multiple buildings ranging from 6-12 stories. Pads have...

23 Mar 2022

I want to do a little brainstorming on the topic of redevelopment in emerging neighborhoods. I don't want the standard "cash advance, cash for gold, gun shop, liquor shop" response or the ever so cliche micro-brewery. What kind of cool developments have you seen in rough areas with the purpose of...

10 Feb 2017

Hello all, Curious what you all are seeing with regards to yields on cost in different types of development projects given fluctuation in commodity costs. Which property types/markets are people getting the highest yield on cost? Any change in construction cost estimates given recent collapse in...

28 Dec 2018

Does anyone on the forum do development management? Would love to hear more about your day - I know this is pretty broad - I am looking at a job that is going to include Development Management as a large part of the day. So I am curious as to what you do most of the day, what your career growth may...

24 Mar 2021

So I recently accepted another position and am starting my new job in a few weeks. I currently work at a mom and pop development shop who have about 250 employees, 95% of the employees are construction workers and property managers. I am the only financial analyst in the company. I gave them 3 weeks...

17 Jan 2019

I live in a secondary city and a lot of infill neighborhoods are seeing tremendous growth. I've seen developers rezone sites that were originally 60ft MAX, and their variance was able to grant them the right to build 195 ft or 19 stories rather; extremly rare cases but I want to illustrate my...

09 Oct 2019

Hi all, New to the forum, but from the reading I have completed, there is a wealth of knowledge and information to be gained from this forum. I am currently working for a smaller development firm as a project manager. I have been with the company about 3 months, and have a few questions for this...

29 Sep 2018

Hey Everyone, I am currently an undergraduate student who is graduating this December. I interned with a CRE development company last year and built a lot of base knowledge. I am currently working with an investor who was a junior developer on some projects over the past few years and is now trying...

23 Mar 2020

Hello, Currently a junior and going to work for a developer over the summer (may continue through the year if courseload permits) and was just wondering if there is anything to prepare for in terms of modeling to be at least somewhat ready to go from day 1. I understand general multifamily models...

09 Apr 2021

Hey WSO RE professionals, I'm heading sales and biz dev for a startup that's designing a deal showcasing and investor management product for small to mid-sized developers. We're looking for short 15-20 min calls with developers who want to more effectively manage and scale the number of investors...

05 Dec 2018

Hey guys, I am like a year away from finishing my MRED degree part-time in South Florida, been studying for 2 years. The whole time I have been networking and talking to industry leaders about whether moving from architecture to development is a solid plan and how to do it, and I get great feedback...

27 Jan 2021

Hi, I just finished uni a couple of months ago and had some offers from REPE funds in the UK. I realised the pay was too low for an analyst role ($40k ish) compared to the US. So, I just started working by myself - ended up buying a piece of land with two other GPs and started a hotel development of...

25 Oct 2021

Hi all - my long term goal is to work in commercial development (ideally adaptive re-use or sustainable). I've worked in underwriting for a GSE lender for the past 4+ years and at this point and getting worried about being siloed into a debt role in the future (have interviewed with a handful of...

23 Feb 2021

Hi All, I'm giving a quick presentation for one of my undergrad classes regarding the opportunity for modular real estate construction. I'm specifically looking for information regarding financial incentives such as increased returns vs. traditional construction, as I am aware of benefits such as...

28 Nov 2018

I'm thinking about getting a Real Estate Development Certificate that my school offers. It's four extra classes and wouldn't delay my graduation. The only downside is I pay an extra $2000 for tuition, and it might hurt my already fragile GPA. I'm also thinking about getting my MBA or MSRED if need...

09 Jul 2016

I will be taking the GMAT exam in 2 weeks and applying to the Columbia MSRED program for the upcoming Summer 2018 semester. I graduated from a mid tier undergrad program with a 3.43 GPA, after which I started an Ops position at a top 10 asset management firm (in terms of AUM), where I have been for...

24 Dec 2017

Hi All, I started off my career working in community/economic development and saw that the developers had the most impact, so I went back to school at a top 20 MBA program and did a concentration in real estate. During my MBA program I could not find a development internship (my school is in a city...

04 Nov 2020

Hello All, I am exploring next steps for my career and would love to get this community's advice on what would make sense for me if I wanted to work more directly in real estate. I currently am a 2nd year analyst at a top non-MBB consulting firm, and have gained a good amount of project experience...

07 Jan 2016

I'm graduating from a large state school with lots of alumni everywhere. I've got good experience, I'm personable, and I'm graduating with a 3.0 cum GPA (not fantastic). I'm trying to figure out if I want to do RE Development, or the RE finance side (REPE or REIT). I've had good experience working...

03 Jan 2017

Hey guys, been working my ass off the past few years getting a MSRE + working full time as an architect in South Florida in hopes of landing a developer position. All my hard work and tuition money seemed to have paid off when I got my first RE Development Associate job offer at a small family...

01 May 2021

Hey guys, been working my ass off the past few years getting a MSRE + working full time as an architect in South Florida in hopes of landing a developer position. All my hard work and tuition money seemed to have paid off when I got my first RE Development Associate job offer at a small family...

30 Apr 2021

Hey guys, been working my ass off the past few years getting a MSRE + working full time as an architect in South Florida in hopes of landing a developer position. All my hard work and tuition money seemed to have paid off when I got my first RE Development job offer at a small family office to...

30 Apr 2021

I have a case study for an interview and have been given the following information GDV of project - XX land value/acquisition - XX Build Costs - XX Others costs - XX total profit - XX One of the questions is to estimate the GDV of the scheme.. is this GDV different from the GDV of the project...

16 Mar 2021

Long time listener, first time caller... With the recent, rapid increase in lumber pricing, I was wondering if anyone had any thoughts on some sort of "hedge" against future price escalation. For background, I work for a southeast focused multifamily developer. Like many of you here, we're seeing a...

21 Jan 2021

I am currently a junior at Rutgers University, and am studying communications and entrepreneurship with extra classes in real estate law and finance. In addition I am a licensed NY real estate agent and have been working as one part-time while in school for the past two years. Ive independently...

11 Nov 2017

People talk a lot about how real estate development is an extremely localized business. It requires not only knowing your local market and its intangibles, but all the relationships that help business grow--whether it be with local officials, architects, contractors, subconsultants, permit...

28 Sep 2015

So this is a question for those who are in the actual real estate development game and have contact with the general contractors who build the projects. How does your shop go about finding general contractors for project? Is it normally word of mouth, or is it the guys who 'wine and dine' to get...

28 Jun 2016

Afternoon folks, Working through a multi-unit development case rent now and I'm curious how you go about modelling rent increases while taking into account absorption. I've got rent increases of yearly 2% increases, with 25 unit absorption per month from development completion. Here's how I have it...

09 Oct 2020

Afternoon folks, Working through a multi-unit development case rent now and I'm curious how you go about modelling rent increases while taking into account absorption. I've got rent increases of yearly 2% increases, with 25 unit absorption per month from development completion. Here's how I have it...

09 Oct 2020

Frequent reader, first post. Non-target undergrad (pol sci major). Have had success in the Boston area in vc tech space due to connections, work focused in strategic partnerships. Lot of global work and was a principal level at 24. However, despise the industry and not a cultural fit either....

21 Nov 2017

Hi all, Was hoping to find some Los Angeles-based RE professionals with experience in financial modeling/proformas for some additional help on a multifamily development for a local developer. Willing to pay for detailed models and can provide the assumptions/inputs. If interested feel free to DM me...

11 Nov 2021