从商业房地产开始的最佳地点?

Opposite of the other thread that was active in 2018 “worst places to start...”, yet this time - what are the best places to start in克瑞斯right out of college? Especially in today’s environment.

The other thread seemed to be against: leasing, property mgmt, and valuations/appraisals as the first job out of college if you want to make it to the big leagues. Curious for everyone’s thoughts.

评论 (31)

Aug 13, 2020 - 10:09am

在我看来,估值/评估是不公平的。您从地上了解房地产,能够与经纪人,买家,卖家等进行联系。如果正确使用网络,估值分析师如果他们想要,可以使跳转至储存/资本市场。我已经看到它发生了,当我估值时,我让自己的过渡。

But yeah, agree withc.R.E. Shervin" on the top roles to target out of UG

    • 2
最有帮助的
Aug 13, 2020 - 4:17pm

Alright, what I am about to say is probably "WSO Contrarian" but that has never stopped me before....

I think the best place to start in克瑞斯is at the job you get!

我知道这不是一个令人满意的答案,所以让我解释一下。

  1. This industry rewards results, and doesn't really fixate on pedigrees/names the way the fin bros in theIB./PE/HF.forums haveto contend with. Thus, getting a "big name" job is now or later isn't really the major determinate of career success some think it is. It is what you can do, provide, etc.
  2. You need to learn a lot coming out of college to be useful/productive, this will take YEARS. So the best job is the one that trains and develops you the best. In all reality, you probably suck the first year or two, so might as well just get it out of the way.
  3. The克瑞斯在dustry is very open to networking and thus job movement. If first job not optimal, moving along in a few years or so is easy.
  4. You probably don't know what you really want to do or will be best at coming out of college. It's easy to get fixated with acquisitions or investment banking, but really, until you are in the real world, you are guessing (and probably basing on the opinions of others).
  5. Earnings in real estate (all克瑞斯角色)难以弄清楚,而不是在公司或财务类型角色中脱颖而出。一些“少时”商店可以支付大型/众所周知的商店(不太可能在第一天,但​​在5年级,任何可能的人)。奖金更具交易,投资组合,项目等或甚至与费用/佣金联系。因此,区域“没有名字”的顶级球员可以在特定市场中的“大名字”公司中获得超过一个平均球员(事实上,这一直发生这种情况)。

So, don't stress, if you make a mistake you can correct. I had no idea I would want to do what I am doing today when I graduated from UG, so I wouldn't even know how to go back advice my 'young' self if that was even possible. Just learn, work hard, and seek forward progress.... everything else will take care of itself.

    • 21
Aug 13, 2020 - 11:35pm

reder:

Alright, what I am about to say is probably "WSO Contrarian" but that has never stopped me before....

I think the best place to start in克瑞斯is at the job you get!

我知道这不是一个令人满意的答案,所以让我解释一下。

  1. This industry rewards results, and doesn't really fixate on pedigrees/names the way the fin bros in theIB./PE/HF.forums have to contend with. Thus, getting a "big name" job is now or later isn't really the major determinate of career success some think it is. It is what you can do, provide, etc.
  2. You need to learn a lot coming out of college to be useful/productive, this will take YEARS. So the best job is the one that trains and develops you the best. In all reality, you probably suck the first year or two, so might as well just get it out of the way.
  3. The克瑞斯在dustry is very open to networking and thus job movement. If first job not optimal, moving along in a few years or so is easy.
  4. You probably don't know what you really want to do or will be best at coming out of college. It's easy to get fixated with acquisitions or investment banking, but really, until you are in the real world, you are guessing (and probably basing on the opinions of others).
  5. Earnings in real estate (all克瑞斯角色)难以弄清楚,而不是在公司或财务类型角色中脱颖而出。一些“少时”商店可以支付大型/众所周知的商店(不太可能在第一天,但​​在5年级,任何可能的人)。奖金更具交易,投资组合,项目等或甚至与费用/佣金联系。因此,区域“没有名字”的顶级球员可以在特定市场中的“大名字”公司中获得超过一个平均球员(事实上,这一直发生这种情况)。

So, don't stress, if you make a mistake you can correct. I had no idea I would want to do what I am doing today when I graduated from UG, so I wouldn't even know how to go back advice my 'young' self if that was even possible. Just learn, work hard, and seek forward progress.... everything else will take care of itself.

I agree with redever. I’ll take hisWSOContrarian view one step further and say wherever you end up do the best you can, keep your reputation in tact, try to learn from each experience. Mastery of your career comes from piecing together life’s randomness into a symphony. The big hope is your past, helps your present, which helps your future, but a future that is uniquely you based on your strengths and interests and goals/dreams. One cool thing about real estate is it can outlive is, come back to us, be envisioned and created, and so forth. Recognize that and find a way to make your unique place in the trade.

    • 6
8月13日,2020年8月13日 - 上午9:15

Working for your Father's development shop being groomed to take over. If you're not the son of a prominent real estate developer, then Acquisitions at黑色的石头.

  • 联营2.RE - Comm
8月17日,2020年8月17日 - 下午1:34

Just have to get in at a shop and make a good connection with a senior. This is common at smaller companies and even larger corporate environments if the team you're on is smaller, usually with low turnover. With that said, it obviously won't be the same level of attention as if you family owned the place

Aug 13, 2020 - 9:33pm

Break it up in two buckets:

(1) Principal Side (Development, Acquisitions, pure-play REPE)
- Here you have the most upside (equity)
- Here you will work the most hours
- Most people see this as the end-game/goal

(2) Getting to the Principal Side
- Real Estate Investment Banking (offers most flexibility and more direct route to (1))
- 贷款(银行,债务资金,Lifecos)
- Investment Sales / Mortgage Brokers (Eastdil, CBRE, etc.)

There are a lot other roles that fall into (2), for example, appraisal roles, leasing, etc., but the road to (1) from such is much harder.

Really anything listed in (2) is a great place to start if you're not lucky enough to find (1) right out of school. Finding (1) out of school is very hard because there are very limited opportunities and outside of very large firms everyone else wants somebody with experience in (2).

    • 4
Aug 13, 2020 - 10:37pm

Fair point. My background is in finance and admittedly I am biased towards that side of the business. I would just add, however, that at the end of the day real estate is just another asset that people invest in. I've worked with development guys that just don't understand the finance side enough and it hurts them. I feel like understanding the economics is the keystone/foundational skill-set so to speak.

    • 2
Aug 14, 2020 - 9:30am

校长:

Best place to start would be a shop that has an analyst pool like Crow Holdings. Their analyst work on modeling everything from multifamily to convenience stores and split their time between acquisitions andasset management. Doing both acquisitions and asset management that early in your career in my opinion would give you a leg up on the competition. It also allows you to figure out if you enjoy one or the other more.

Brokerage side:
Somewhere like the old HFF where you work in an analyst pool as well. The old HFF would have their analyst work on all asset classes. After 2 years you are able to model any and every asset class.

In a nut shell- Best places to start would be a shop with a good track record that lets you wear a ton of hats. After a couple years you have good experience and you are able to drill down on what you actually enjoy.

    • 2
8月14日,2020年8月14日 - 6:46 PM

按107:

Their analyst work on modeling everything from multifamily to convenience stores and split their time between acquisitions and asset management. Doing both acquisitions and asset management that early in your career in my opinion would give you a leg up on the competition. It also allows you to figure out if you enjoy one or the other more.

In a nut shell- Best places to start would be a shop with a good track record that lets you wear a ton of hats. After a couple years you have good experience and you are able to drill down on what you actually enjoy.

I think this is especially important, not just when starting out your career, but in general when you are breaking into a new industry and don't have much prior experience. I've been able to do something like this and it's helped a lot, it would have been difficult otherwise to figure out what I like (and dislike) more.

    • 3
8月14日,2020年8月14日 - 2:11 PM

投资商业房地产并不像出现的那样困难。随着市场上的越来越多的房源,将在2020年初开始更多的竞争。您应该得到更好的投资方式,是房地产,更好的地方将是休斯顿。丰富的房地产,房地产鲨和联合明星可以帮助您找到物业。

    • 2
2012年8月14日 - 8:17 PM

BB财务团队/ CMBS或经纪人。或投资侧的实际分析师课程......这是罕见的。PPL爱在股权方面,但大学的机会较少,许多人的学习体验非常少,而且就业培训克瑞斯finance team has more of an analyst group (similarIB.销售侧面角色/培训PEif that makes sense vsPE走出门)。我是部分银行金融/ CMBS团队,但同意顶级经纪人群体也是坚实的开始。大规模交易曝光,所有资产课程,地点,潜在债务和股权暴露/拉伸资本堆栈,以及最有可能是一个实际的分析计划(Argus培训,研讨会,更多初级同龄人...协会/ vps依靠等)。一个人会学到一吨,可以在一些经验之后有效地转向任何团体债务/权益/开发。也显然获得强大的品牌名称,网络opps等

    • 3
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