real estate development

Any advice for anyone starting a career in Real Estate Development? Only experience in real estate is from a few months working for a REPE firm as an analyst. I recently started a job with an entrepreneurial developer and I think there's a lot I could be doing to become more acquainted with the...

17 Jan 2023

Currently I am working in construction management in a west coast city for a very large multi-national GC. I have just over 2 years of experience and a degree in civil engineering, however I really want to break into development. Over the last year I have applied to all of the open development...

07 Dec 2022

Does anyone have any experience with using EB5 money for construction loans? What interest rate did you get on the debt? How did you qualify?

28 Oct 2022

My firm is looking for a new construction consultant to facilitate draw reviews for our developments in NYC and Miami because our current provider has been pretty bad, with very long turn around times that is starting to affect the funding timeline from our LOC provider. Does anyone have a firm(s)...

07 Oct 2022

Hello bored analysts! So as the title says im graduating in a couple of months with no relevant experience and a low GPA. I do, however, have a rough long term plan. The Plan: Get some decent paying finance job for several years in order to save up for a quality MSF. Hopefully then get a role in the...

20 Sep 2022

I currently go to a top university in Canada (McGill/UofT/UBC), our school's RE department has internship opportunities. Focus is on leasing and the development of residence, innovation space, and retail. Team is extremely lean, less than 15 folks. Im also guessing comp will be below market due to...

14 Sep 2022

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,

08 Sep 2022

Hey all, I work in a real estate development shop in the Carolina's. We have a strong track record, and I'm on some big multi family mixed use projects… but the office environment is extremely dull. Granted there's only 15 people in the office and 50-60 people across offices. There is Little...

25 Aug 2022

Has anybody heard of Gotham Organization and its development team? There does not seem to be much info about them online. What is their reputation? Compensation? Work culture?

22 Aug 2022

Hello, I'm a rising senior at a Top 3 public university majoring in philosophy with, effectively, a minor in econ (3.7 GPA). I've always been interested in luxury real estate/architecture/the idea of making money by building aesthetically beautiful things. I originally planned to go into the luxury...

17 Aug 2022

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...

18 Jul 2022

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

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

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

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

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

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

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

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

Hey Guys, Looking to see if anyone has some rough expense estimates for a multi development in NYC. For example, in Los Angeles were looking at: Insurance - $750/Unit Utilities - $2,000/Unit R&M - $1,000/Unit ...etc I know its a long shot, but wanted to see.

07 Jul 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...

01 May 2021

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

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

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

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

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

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

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

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

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

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

Regional real estate developer and investor, based in New York City. Founded in 2003, the firm focuses on large-scale mixed-use urban developments. Covers the area from Washington DC through New England in its focus.

25 Jan 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

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

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

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

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

I'm about to start my summer internship at a large development firm on the west coast and wanted to see if anyone can speak to what tasks they have had as a development/acquisitions intern? Just hoping to get an idea of what I should be learning before so I'm not dead weight, thank you!

03 Jun 2020

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

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

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

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

@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

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

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

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

One of the biggest things I've seen how far good questions go during an interview. I have some upcoming interviews in Brokerage, Develpment and REPE and was hoping to get some help on some good questions. I've added a few below and would appreciate any others! Looking for Developer questions too....

22 Apr 2019