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Career Advice - Resume Included
Hello WSO Junkies, I'm an early 30s professional and spent the majority of my adult career in banking and finance. I recently obtained my SIE and Series 7 FINRA licenses in preparation for a career change. However, I'm unsure what's the next logical step so I'd like to crowdsource some feedback from...
Advice & Real Estate Firms Sponsoring International Students
Hello all, I’m at a BB doing equities operations / Middle office and I majored in Finance & Real Estate at a Tier 2 business school. I’m not a big fan of this job and would like to enter REPE / REIB but there’s no chance to lateral to a RE shop with Equities ops experience so I’m considering...
Rate my financial plan/Suggestions/Introduction
Non-target mid GPA broke boi here looking to scale long term. Had (past tense) solid capital growth plan in place: Saved about 10k from internship exiting school. Spent most on home furnishings, custom desk, LLC filing, other stuff. Net 0 10k savings still after sign on, relocation, few other...
Thoughts on investing in commercial real estate now or in the near future?
Anyone bullish on commercial real estate given its steep decline throughout this year? I'm just a college student looking to throw some money into a REIT or some sort of real estate portfolio company. Thought it could maybe be a good time to buy given regional bank collapses, high rates, lack of...
Rental apartment modelling
I literally have no work-experience from RE but it's been a dream of mine since I was a kid. After stacking some annual bonuses I feel its time to get into the RE market. I'm completely against investing in something I don't understand and haven't made calculations on, so I'm trying to model whether...
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...
Real estate banking internships
I'm finishing up my Sophomore internship at a RE dev. firm and have begun applying for next summers intern positions. I'm leaning fairly heavily toward the banking side of real estate for my final summer and best case scenario would land a real estate banking internship position. That being said, I...
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...
Development - Underwriting Assumptions 12 Months Out
I am a multifamily developer (urban, podium, class a) at a Boutique shop in the Intermountain West. I am having a tough time making deals pencil in the Northwest with my current understanding of the marketplace. If your firm was starting design on a project today what would your baseline...
Growth and Exit Opportunities: Real Estate Sales at a Middle Market Investment Bank
I recently joined a team at a middle-market investment bank (reputation as sweaty but solid deal flow) that structures sale-leaseback transactions as part of the run-up to selling to the associated business. I really think this role and the team will work long-term for me (solid pay, good hours, and...
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...
How do I fix this issue in Argus? (expense reimbursements)
In my Argus model, I am modeling tenants to reimburse real estate taxes above their base year amounts. However, the property is subject to real estate tax abatements that phase out over the course of the cash flow, resulting in disproportionately high expense increases year-over-year. This would...
REIB v REPE
Would like to get an idea and understand the differences between the two verticals of the Real Estate Finance industry. Would like to know some firms recruiting in each vertical, typical pay packages and bonus structure in each vertical, exit options from each vertical, lateral pivot options and...
RE debt/acquisitions role at core RE firm or other known BB
I am a prospective RE grad student in NY and am interested in knowing whether it is a good idea to look for opportunities in Bulge brackets in the RE department or to look for firms where RE is the core function? Where does one see the most growth opportunity, in a renowned BB or a small/MM RE firm...
REPE Summer Analyst 2022 Interview Help
I have a REPE first-round interview for a summer analyst program in a top 10 REPE group. I am an undergraduate junior where I currently have a concentration in Finance (taken 1 general finance class) and a previous minor in Real Estate from my prior institution before I transferred. I have no work...
Rate hike expectations after RBA meet
In the October monetary policy meet, the RBA reiterated its decision to keep the cash rate at ten basis points till 2024. Given the current scenario, experts are speculating over the viability of RBA’s set timeline regarding interest rates. Westpac has recently increased fixed rate home loan...
Project Destined Fall 2021 Undergraduate Paid Virtual Commercial Real Estate Internship
We are excited to announce a new Paid, Commercial Real Estate Virtual Internship Opportunity with Project Destined in Fall 2021. Project Destined, founded by a former Carlyle Group executive , has partnered with 100+ leading real estate firms and 70+ universities around the country to provide...
Career Move from Economic Consulting to Real Estate
Hello everyone. I am a seasoned analyst at a leading economic consulting firm (think BRG, FTI, NERA, CRA) where I have worked on antitrust, damages, and financial market engagements since graduating from undergrad a few years ago. I am considering next steps for my career and would appreciate some...
RERA Approved Projects in Cuttack
"Dion River front" is one of the developments that just really make life so much easier and enjoyable. It is built by the best in class builders in Cuttack – The Dion Infratech. No matter what kind of home you are interested in, you will find what you want. There is a great selection of 2 & 3...
Calculating After Tax Returns - Real Estate Finance
So I'm essentially moving from East Coast to London and switching up jobs in the process so I've been interviewing quite actively for acquisitions roles in London for the last month. I've had a few case studies and nothing is particularly out the order (compared to the U.S. process), but I keep...
Getting "Better" at RE
I'm wondering what everyone thinks is the best way to get "better" and more knowledgeable about real estate, especially given it's not a super academic field that you can necessarily learn from a textbook. Specifically, trying to move from a lesser-known LP to a larger "MF" LP or acq role at a large...
Tips on starting career in RE
Hi everyone, Next week I will be starting my career out of university. This will be at one of the larger European banks within their Real Estate Finance team. Now I do have experience in RE through an internship at a REIB, however not specifically on the principal/lending side of a larger bank....
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...
PGIM RE Finance Analyst Interview
Hey guys, I finished a first round interview call last week for a 3-year analyst position with PGIM RE Finance and have been asked to do a second round video interview with two Directors next week and complete an assessment. The assessment has no information as to what it is about and the email says...
Advice: JLL Real Estate Investment Banking-Strategic Transactions Group Interview
I'm a senior graduating in May at a semi target Big 10 school. Somehow scored a phone interview with HR for the above new group (apparently elite from what the Analysts are saying). Not saying this to brag, rather because the job post was asking for 1-3 years of experience and Argus proficiency,...
Greatest Minds In Commercial Real Estate
If you're on the WSO real estate forum, surely you've heard about Peter Linneman and his text Real Estate Finance & Investments... but I'd be interested to find out who else is out there. Who are some of the other best minds in commercial real estate? Which titians of our industry do you look up to...
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....
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...
Capital Market Analyst at a real estate finance company
Hey guys, I'm preparing for Capital Market Analyst interview at a small real estate finance group in the NYC . When it comes to capital market research, all I can imagine is to build a database and monitor the CMBS/RMBS/SFR/ REIT market and then come up with a report w/ recommendations to...
Career Advice - Not sure what my next move should be
Hey all, I've always found this board helpful so I figured I'd come back to WSO and see if I couldn't learn something or the other. I'm at a bit of a cross-roads and need some perspective, and maybe some ideas. I'm 25 going on 26, and starting to approach the point where I can no longer just dick...
ARGUS - changing modeling assumptions
Howdy folks, I know questions on ARGUS have been asked before but couldn't find a response to the one I had (feel free to point me to where this may have been answered, if so). I am looking to get more proficient in changing Argus assumptions for models that we receive from brokers and sponsors....
Is MBA required for Real Estate Finance? If yes, then does the location matter?
Hello All, I have a 2 fold question. But let me tell about myself first. I am working for the Real Estate division of a well-known bank (one of the largest in this country). It is a senior analyst position for the Residential Real Estate division. But I want to go to the Commercial side as a...
Best Real Estate Podcasts?
What are the best RE podcasts for commercial real estate, especially for someone interested in RE finance?
BNP Paribas IBE - Real Estate Finance
Hi, I have an interview for BNP Paribas IBE Real Estate Finance division. Does anyone have any tips or advice on what the culture is at BNP or what they would be looking for as a new Analyst? Cheers
Self Storage Questions
Anyone have any experience financing self storage deals? Some of these questions are hard to answer obviously without more info but I literally just have no idea and am flying blind so anything helps. - Let's say you have a good class A (if that even exists/whatever metrics they use) stabilized...
Investment/Development Analyst vs. Asset Management Analyst
Whats the difference? Im just having a slightly difficult time differentiating especially since sometimes job descriptions between both sound very similar. Thanks monkeys!
CRE Analyst - What I need to know for Excel
I am trying to land a position in Commercial Real Estate -- Hotels to be precise, but i'm not gonna be picky for the short-term. I have been trying to re acquaint myself with Excel again: so far i'm working on PivotTable, IF and Vlookups. I understand the likes of BIWS, WSP , etc but I have a few...
Hospitality Ops Now Seeking CRE - in NYC
Hi Monkeys, I am new to WSO - love the concept and am looking forward to expanding my knowledge. I would love to get any insight into what people think about my goals and planned career paths -- i'm just as happy to hear criticisms -- thanks! I also want to meet and make new connections - if anyone...
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Gross vs. Net Cap Rate
All- I have received an interview test from a small RE acquisition firm. The company primarily deals with SFR (single family rentals) and small apartment buildings. For the test, they asked me to evaluate 3 SFRs which includes determining the rental value, price we should pay, and a gross and net...
Financing Terms help - real estate development
I have recently become involved in a real estate development deal for my company. Can someone please help clarify my question below about the rate? The bank has approved the loan and the rates are as follows: REPAYMENT: - Construction & Stabilization Period: Monthly payments of interest only up to 2...
Commercial Loan Officer vs, Commercial Mortgage Broker
What is your opinion of working at a commercial mortgage division of a bank versus a mortgage brokerage firm? I am interested your perceived Pros and Cons. I currently work as a loan analyst at a commercial bank and and wanted to know how my position compares to the brokerage side.
Please advise me
Hey Guys, I have been reading a lot of threads on WSO , but i rarely see any information concerning the college i currently attend. As of now i am enrolled in Brooklyn College with a 3.8 GPA majoring in Business Managment and Finance. Please give me some advice, so that i can break into IB or RE...
Goldman Asset Management Group (Previously Archon?)
Anyone have any info on Goldman's Asset Management Group in Dallas, TX? I believe that they used to be called Archon, but have officially merged completely under Goldman. Is it just AM or Acquisitions also?
real estate finance (lender) directory
Anyone have a good source on a commercial real estate lender directory? specifically looking for some of the lesser known players. i have the crittenden real estate lender directory, but was looking for more/others
How much do you or can you make in this industry...?
If you aren't 1) on the Ivy/Target --> IBanking bandwagon 2) have any personal connections in the industry I started my career about a year ago after taking a break after undergrad. I'm up to about 80K+ bonus right now working in real estate software technology. I'm getting better on the software...
Is this really where I want to be..?
I've been working at a CMBS special servicing firm (Top 3) as an analyst in the portfolio management arm for about 10 months now. Before I graduated from undergrad in May, I interned here and was offered a full time position starting in June. Since then I have found my job to be more or less easy...
Eastdil secured vs....
A couple of questions about a company like eastdill 1: can you give me some examples of similar companies in NYC (that have a similarly strong reputation)? All I seem to come across are the capital markets divisions of the places like cushman/cbre/jll 2. Seems like these places are essentially just...
Learn Hard- First Internship in Review
I've just completed my first internship ever at a prestigious RE Developer, multifamily side- privately owned. They have developed many Class A properties (podium style and wrap style apartments mainly) in the Houston area as well as nation wide. Though I know RE is not a primary focus on this site,...
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