Comments (44)

最有帮助的
7mo
CREnadian, 你怎么看?以下评论:

Depends what kind of smarts you're looking for. From a pure mental horsepower perspective, the large multinational shops have the smartest guys.Large REPE/关于ITs收购团队具有奇妙的宏观知识,并且真正了解更广泛的行业和数字/投资,就像其他人一样。在浏览分区,政治和项目管理方面,跨国开发商也可以这样说。

However, if you're looking to get entrepreneurial in real estate and stay local to your market, then smaller successful regional developers/value add guys are the way to go. They have so much asset-level, operational knowledge which combined with a level of understanding of theactual local market dynamics与跨国公司相比,政治使它们在他们玩的领域有效得多。我研究了与区域运营商的交易,从高水平的角度来看,这些交易看起来像是出色的交易,但是被这些家伙关闭了,因为他们通过葡萄知道一些小众市场细节,您将无法从标准研究中找到。方法。这些商店不会那么精致,但它们肯定会有效。

房地产“智能”是如此多样化,您想在这个行业中围绕的人的类型将根据您的最终目标而有所不同。如果我想脱颖而出并在我的家乡悬挂木瓦,那么在黑石公司工作对我来说将是毫无用处的,因为我获得的知识将不适用。这个行业不像传统PEwhere you always want to go to the biggest brand name no matter what.

7mo
Lifestyle123, 你怎么看?以下评论:

IQ wise, probably the largePEfunds or someof the "quant" RE funds. But like the CREnadian said, it really depends on what type of specific knowledge/expertise you value.

6mo
Lifestyle123, 你怎么看?以下评论:

https://www.twosigma.com/businesses/real-estate/

Idk anything about them as I do not work at one. But here is an example.

  • 2
  • Principalin关于- Comm
6mo

那主意听起来很酷。在一天结束的时候他们think they're hiring engineers to gather a bunch of data in order to pick markets, asset classes, etc. with best potential risk adjusted returns. It might work. It might not. I wouldn't call the actual real estate guys the smartest. At the end of the day they're negotiating PSAs, getting financing, etc. If anything, they're more just being told what to target then coming up with the thesis themselves

7mo
Ozymandia, 你怎么看?以下评论:

This is so vague of a question as to be almost useless. As other people have said, there will be people at "quant" funds who have a higher IQ than most in real estate. But that doesn't necessarily mean they'll be any good at getting deals done. The same as the analyst in your incoming class who can create the fastestDCFmodel不一定会成为最好的高级银行家,最好的房地产公司,或者最有价值的“聪明”的人是可以建立关系并以使每个人看起来不错的方式建立关系的人(而不是疏远其他的)。

正如Crenadian所说的那样,这通常意味着当地参与者了解如何管理交易过程的来龙去脉。我总是试图指出,建模和承保是偶数收购的一个微小,相对不重要的部分 - 充其量是指导,真正的工作是在建筑物中的地面上完成的。因此,该人在8秒内从头开始建造承销业,没有错误实际上并没有提供很多价值。知道如何在当地政治上驾驶的人,或者知道如何谈判PSA并预见到甚至暗示他们可能出现的可能出现的问题,该人对保留有关分区例外的细节有着良好的记忆,或者是谁可以在其级别上与当地的奥尔德曼(Alderman)进行交流……这些是“智能”的类型,实际上可以推动前进并创造价值,我认为在这样的面向财务的网站上,损失了很多。

I know someNYC开发人员(尤其是建筑师)知道NYCbuilding codes backwards and forwards and find creative ways to value engineer, or who know the affordable housing process so well that bureaucrats are asking fortheir建议。这些家伙是最终将赚钱的人,我在这里将其作为“聪明”的代理,因为他们是那些有一生需要一生的技能的人,而不是两个人周建模训练营。

  • 16
6mo
yayaa, 你怎么看?以下评论:

Preach!!! Idk why excel monkeys are idolized so heavily on this site. I guess it is a finance oriented forum….let them master excel while the 'smart guys' are learning the real values which you outlined above.

6mo
布丁, 你怎么看?以下评论:

They are idolized because to get that first job youneed strong excel skills. And than for 3-7 years all you do is excel. So people learn excel really well. And than they try to transition to VP and above and don't understand why they aren't good at managing a process and people and so revert to trying to be the best at excel and be a model monkey. So they add these cool bells and whistles so their model but that doesn't get them anywhere. In the end, people need to realize excel just isn't that important - I do all my underwriting at the start on the back of a napkin. If it doesn't work like that - it sure as hell won't work in excel.

  • Analyst 1in关于- Comm
6mo

您是否愿意举一些知识渊博的负担得起的开发人员或其公司的例子?

6mo
Ozymandia, 你怎么看?以下评论:

您是否愿意举一些知识渊博的负担得起的开发人员或其公司的例子?

In NYC? There are a ton of good examples of affordable housing folks who have done an absolutely insane job and made a ton of money. BFC Partners, L+M Development Partners, Dunn Development (which I think is closing down), Monadnock, Jonathan Rose... these guys have been doing this for decades, survived multiple downturns, and know how to drive projects forward in one of the most notoriously bureaucratic, red-tape filled municipalities in the country. Maybe it isn't "IQ", but the ability to code switch and talk to lenders, tax credit investors, public officials, housing advocates, and residents on their level and make them understand what your project represents and why it should be supported is a rare skill.

  • DeveloperinPE- Other
7mo

You don't need a high IQ for real estate... lol. Probably a baseline of a 110 IQ.

在这个行业有最好的最聪明的人emotional/social EQ.

7mo
Backoffice_Boss, 你怎么看?以下评论:

Matthews Real Estate Investment Services hands down. Those dudes are smart

  • 5
6mo
父亲, 你怎么看?以下评论:

The older I've gotten the more I've realized that the majority of people inCREare average intelligence at best and no one should be put on a pedestal, even those with 30+ more years of experience.

Pref guys I work with that have billions deployed will straight up fly 5+ people out to our properties and all they come up with is "let's try to get higher rents and push occ". Yeah no shit - glad we're billing the property 20k for y'all to come to that conclusion.

6mo
Southern_cre, 你怎么看?以下评论:

For sure. The amount of man hours that goes into business plan analysis and comp work andanalyzing financial statementsand breaking out R&M line items blows my mind, on top of the MD, the VP, and the analyst from New York flying out and acting like they know the first thing about driving value at a suburban work force apartment complex. I'm not saying I do but a lot of people talk to maintain their value in this industry if that makes sense.

6mo
Username_TBU, 你怎么看?以下评论:

Yep. Traditional real estate (and niche asset classes) require very little actual intelligence and analytical skills. I felt way smarter in banking and felt the folks at the top in banking were way smarter / thoughtful. Once you know how to analyze real estate (from an LP position), it becomes pretty streamlined. GPs who are actually thinking through business plans, how to reposition assets, potentially rezone, etc., I find have much more knowledge (may not be as smart though).I think Blackstoneused to be "smart." Now they're just deal machines - they can pay whatever because they have multiple buckets and they get the best financing terms. Even the guys who leave there to do their own thing - generally they're just doing the same thing of buying real estate and trying to find decent prices / leveraging relationships. Smartest guys to me are the ones who think of real estate broadly (e.g. they're just investors out of a real estatePEarm but they can make anything sound real estate related) as well as those who work in distressed real estate where cap stack and situational awareness come into play

6mo
Ozymandia, 你怎么看?以下评论:
Username_TBU

Yep. Traditional real estate (and niche asset classes) require very little actual intelligence and analytical skills.

好吧,如果您将情报定义为“银行家擅长的东西”,那么当然,银行业务的人平均会更聪明。但是,房地产开发人员需要组织,需要有远见,需要对什么是好风险和不良风险有一种天生的认识。比银行家更有成就。

Understanding how a multifaceted process moves forwards, how the pieces fit together, is a skill in and of itself and that shouldn't be sold short. Bankers focus a lot of attention on minute details, to be sure, but there isn't a real big picture understanding, which is one of the reasons investment banking is inherently somewhat predatory. Doing the best job possible for clients in the long term means sacrificing future business

  • 实习生in关于- Comm
6mo

Curious about your thoughts on the capital markets guys at Blackstone?

  • Analyst 1in关于- Comm
6mo

I'd say it's hard to find the smartest people in real estate because there isn't anything too technical or difficult to comprehend about this industry that would showcase ones "smarts".

6mo
Anonymous Monkey, 你怎么看?以下评论:

i laugh so hard internally when i mention im in development and people bring up grant fucking cardone. Sat down with a smaller team looking to co-Gp w/ us on a deal. was their first development gig and much smaller than wed normally do, we sat down as it was a friend of my principals. They mentioned grant cardone and his seminar 8 times. i could not belive it

  • 2
  • VPin关于- Other
6mo

Donald Trump Jr

  • 2
  • VPin关于- Comm
6mo

Probably the lifers at the LifeCos. Must be pretty smart to figure out early on that life isn't just about getting returns.... though I can cry about it on the commute to work in my 2019 Porsche 911, so maybe I'm smarter than them?

6mo
Yakehito, 你怎么看?以下评论:

Modi sint consequatur cumque expedita quis et. Sint est voluptates et et inventore.

  • VPin关于- Comm
6mo

Qui quis beatae voluptatem rerum labore quam. Sint reprehenderit quia maiores id itaque odit ipsam quo. Dolorum est iste qui voluptas ut illum.

Rerum ut eum sunt. Quo quia odit rerum culpa ea est.

Voluptatem voluptatem esse ut totam non molestiae. Dolore quia sequi qui facere mollitia amet. Et quisquam laboriosam sed ducimus qui laborum voluptates. Eum qui possimus qui et.

Necessitatibus id et aperiam dolor quidem. Dignissimos consequatur blanditiis illo possimus neque. Doloribus id ratione rerum et. Sunt sunt qui velit quis earum architecto.

Start Discussion

Career Advancement Opportunities

2023年3月万博app网页版

  • Lazard Freres(+ +) 99.5%
  • Lincoln International(= =) 99.1%
  • Jefferies & Company(▽02) 98.6%
  • Financial Technology Partners(▽01) 98.2%
  • 威廉·布莱尔(▲11) 97.7%

Overall Employee Satisfaction

2023年3月万博app网页版

  • 威廉·布莱尔(▲05) 99.5%
  • Lincoln International(▲11) 99.1%
  • Canaccord Genuity(▲17) 98.6%
  • Stephens Inc(▲10) 98.1%
  • Financial Technology Partners(▲04) 97.7%

Professional Growth Opportunities

2023年3月万博app网页版

  • Financial Technology Partners(▲05) 99.5%
  • Lincoln International(▲01) 99.1%
  • Lazard Freres(▲14) 98.6%
  • Jefferies & Company(▽03) 98.2%
  • 威廉·布莱尔(▲03) 97.7%

Total Avg Compensation

2023年3月万博app网页版

  • 导演/MD(6) $592
  • Vice President (27) $425
  • Associates (141) $260
  • 3rd+ Year Analyst (9) $194
  • 第二年分析师(86) $170
  • 1st Year Analyst (266) $170
  • 实习生/夏季助理(45) $165
  • 实习生/Summer Analyst (195) $ 92

LeaderboardSee all

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
布丁的照片
布丁
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
贝蒂·马萨尔(Betsy Massar)的照片
Betsy Massar
99.0
6
Jamoldo's picture
Jamoldo
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
MidMarketMcLovin's picture
MidMarketMcLovin
98.9
10
CompBanker's picture
CompBanker
98.9