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How to Model Rent Yearly Rent Increases Considering Absorption
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...
How to Model Rent Yearly Rent Increases Considering Absorption
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...
Tasks and Responsibilities of a Development Intern
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!
Best Path to Development/Major Renovation Projects
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...
Real Estate Development: Whey, When, How and Where Did you Start ?
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?
Construction Over Finance for a Career in Development?
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...
Q&A: Non-target Career Changer to VP of Development
@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...
Working in Development Post College - when do you start making money?
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...
Meeting with the Planning Department to Discuss Major Rezoning
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...
Development Careers for Civil Engineers
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,...
Sweat Equity Partnerships ?
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,...
Pros/Cons - Mezzanine Debt vs. Preferred Equity
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...
Good questions to ask during interviews
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....
Networking with "bankers" for RE DEV
I've heard real estate developers say that you need to develop relationships with bankers to obtain favorable funding terms. Who exactly are they referring to within the hierarchy?
So things just got VERY hairy at my work
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...
Is 2 Weeks Notice Too Little?
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...
RE Development Costs and Yields
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...
Looking to talk to RE Developers about the capital raising and investor management process
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...
Modular Real Estate Construction
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...
Best path to becoming an entrepreneur in real estate development
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...
Rec Letter Advice
Sup everyone I'm applying to a few schools for Fall 2019 and wanted to get some feedback on how I could go about asking my current boss for a letter of recommendation. I hope to be able to continue working full-time while studying part-time but the MRED program I am shooting for is quite expensive,...
Majestic Realty Company: Familiarity?
Is anyone familiar with Majestic Realty Company? They're a large development firm in California (in a little known city called City of Industry). It's owned by Edward Roski, who is a pretty famous RE guy in CA and a multibillionaire. They seem to heavily recruit at USC (just from my personal...
Searching For Students and Recent Grads in Central NJ
Looking for current students and recent grads in the central/northern NJ area who are looking for an entrepreneurial venture and interested in real estate investment and development. DM me for more info
Columbia MSRED.... Acceptance Requirements
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...
Tech/Tech Consulting to RE
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....
What should I do in order to enter the real estate development field?
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...
Best Real Estate Finance Course Online?
I am looking to get into real estate development but have a minimal knowledge in real estate finance. I am aware that in order to enter the field a satisfactory knowledge of real estate finance is necessary. What is the best course I can take online that will provide me the necessary real estate...
What Would You Build In The Hood?
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...
IRR on affordable high-rise condo deal ? ? ?
I am talking to a few hnwi in the next week about buying/recap. An entitled and permitted affordable condo highrise with 180 units. The stack has $35M in bank loan, $15M loan from the state, and $Xm for the land. Land is $7-8M. In place with very little new construction due to extreme construction,...
CMBS Analyst at a 'permanent consulting'
I am a recent grad with a finance background and have an interview coming up for a smaller company competing with the likes of Situs. The position is for a CMBS Analyst underwriting on agency and non-agency (Fannie and Freddie) loans internally within the company (mostly concentrated on the...
Graduating senior, career path?
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...
Fore Property Company - Does anyone have experience with them?
Hi I was wondering if anyone has any experience with Fore Property Company? How are they perceived in the development industry? Any insight into the company? Thanks
Career Path to become a Real Estate Developer
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...
How To Become Go-To General Contractor
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...
Books on Development
Can anyone suggest any resources be it books or primers on real estate development? I'm staffed on a few developer driven 142 d deals and would like to better understand the development process.
Consulting to RE Finance
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...
MS in Real Estate from NYU or MBA down the road?
Development: Help With Moving Cities
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...
Acquisitions Before Development
if you ultimately wanted to work in development as a project manager, and had an opportunity to join as an analyst crunching numbers etc and getting promoted through the ranks, would you see any value in instead opting to do acquisitions for a few years at a big investment firm? my thought is if I...
RE Developers in Atlanta?
Is anyone familiar with Atlanta's major players in commercial and mixed-use development? I'm hoping to make a move from a well-known boutique investment bank to a real estate development firm. I would prefer to be in Atlanta due to personal circumstances.
Boston University Real Estate Program
Hey guys, I was wondering if any of you have experience with this program. I was thinking about taking a few classes to learn more and to jazz up my resume a little bit. I graduated this May and am currently working in a back office ops role, last summer I interned at a small brokerage/valuation...
What are the pro's and con's of working for a City (Non-Profit) Economic Development Corporation focusing on RE Development?
How many (on our forum or know of anecdotally) have taken this career route; and have found the experience rewarding/beneficial on a near-term and long term basis? What did you learn? Where did the experience ultimately take you? Upside/downside of such a position? Positive or negative branding?...
Real Estate Development Analyst vs. Coordinator
Guys, what is the difference between a real estate development analyst and a real estate development coordinator? I am applying for jobs with real estate developers and it seems that coordinators are more senior than analysts. Or does a development analyst have a different career path?
Acquisitions associate salary at small development/investment company
So I have an interview set up with a real estate company (development, construction, investment, management). I am wondering what salary range this job is in. The factors are: one hour outside of major city (think allentown pa, stamford ct type place) company is around 200 employees projects are non...
Real Estate Development Analyst Compensation
Hello all, I am currently an undergraduate senior with an offer from a top-tier, multi-family developer based in a large city with a hot market; however, my boss has asked me to come up with a compensation plan I would be pleased with. While I do not want to offend my boss by asking for too much, I...
Construction Manager seeking MSRED
I've been in construction management for about 8 years in the Boston area and looking to get more into the development side. Thinking about pursuing an MSRED to help the transition. Anyone have any input on which programs would be a better fit; NYU, Columbia, MIT, Baruch?
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