Internship REPE Fund (Mainly Invests LP/Mezz/Pref) vs Top Multifamily Debt/Equity Brokerage Team

Hey guys,

我看着两个潜在的机会now. Getting towards the end of one process and in the middle of another. For this conversation let's assume I received the offers.

I am in a well known masters program looking at these two internship opportunities. My end goal is an owner/developer but since this is the beginning of school year these are what I have at the moment, it seems in general there aren't a lot of Fall semester internships for grad students and if there are they will come later. Which would you choose? The回复fund invests mostly in LP/mezz/pref on multi deals in the Sunbelt, have had a good amount of highprofile deals (5-10+) in publications where they were either the buyer or the seller ($30-$150mm+ total deal size I think they raised $1 billion min for their fund) and I am assuming I will get good experience here as an intern and learn the dynamics of a REPE fund which would add to some of the principal side experience I already have. The brokerage team is at a top 2-3 shop in their market, one of the top teams at the company and is doing $5 billion+ annually in debt/equity placement mainly in multifamily closing a deal every 1-2 weeks.

Which would be more beneficial at this point? I have brokerage and principal side experience, the brokerage is a nationwide name (CB, JLL, Newmark) while the other group is well known in our market (a Tier 1 market) where I plan to stay and it seems it's more about what you learn in a role than a brand so if I get more real experience with UW, waterfalls, reporting that seems more beneficial than a brokerage role.

Comments (6)

  • InterninRE - Comm
6mo

too long, didn't read but Pls don't go to the brokerage.

  • 1
  • Associate 1inPE - LBOs
6mo

是的,可以确认。合法的Pref / Mezz / Equity Shop基本上是您想学习RE投资的最佳起点,甚至还没有关闭

  • 1
  • Associate 1inRE - Comm
6mo

Are these roles located in houston?

最有帮助的
6mo
redever, what's your opinion? Comment below:

So.... a few points....

- The "best" internships give you legit experience doing something (i.e. underwriting or basically acting like an analyst/whatever) and the "very best" do that plus offer a great likelihood ofFTreturn offer if you are liked and want it. If one of these fits those items, makes it tough to pass it up.

- BUT.... you should want to do that field/role.... you mention owner/developer as the end game, and one role is "buyside" the other "sellside", seems like the fund would be a smart move especially ifFT可能在桌子上。但是,您并没有真正说您是否会考虑或想要首先要从事经纪职业,然后“去买”。因此,如果您愿意或考虑为该经纪人及其团队工作.....那可能很聪明。

- 底线......没有以一种或另一种方式看到引人入胜的论点。因此,除非您想进行经纪,否则我会选择基金。即使在您的市场的“顶级”团队中,您确实需要几年的“颠簸”经验,这确实并不那么特别。我还考虑到当前经纪人正在放慢速度,但有一个积极的资金,带有投资组合will have asset managementchallenges and probably even acq. opportunities regardless. Hard to really forward predict all that, but I'd think about it for sure!

  • 主要的inRE - Comm
6mo

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