Equity research covering public REITs...career path and exit opps???
Can anyone please expand on the exit opportunities forERcovering REITS?
I have several questions:
1) IsERcompetitive / desired experience in the RE industry?
2) Is transitioning to REIB, REPE, or corpequity research possible fromRE research?
3) Does covering publicly traded REITS change the answer to the questions above?
4) What are the best and most logical transitions / exit opps from covering REITS?
All feedback and insight is greatly appreciated.
Comments (10)
Interested as well, especially in terms of exit opps
I would assume private equity in real estate may be possible. Brookfield got 175B AUM, over 130B+ is in real estate investments via private equity funds.
Bringing this thread back up to see if anybody has insight into the questions posed by OP.
Bump
Hi 00boom00,
I covered publicREITsbefore jumping to the buyside. Answers are below:
1) IsERcompetitive / desired experience in the RE industry? --- It was very competitive to get in. The experience you get is great. ModelingREITsfocus have a lot more acquisition/disposition forecasts than other industries because in general that's how they grow. You also get exposure to a lot of macro-level data because broader industries highly impactREITs. For example, one of the sub-industries I covered was shopping centers. So I had to follow the retail industry closely to see what retailers were strong and what retailers were weak (like H&M), and we can use that data to understand the quality of the shopping centers inside theREITportfolios.
2) Is transitioning to REIB, REPE, or corpequity researchpossible from RE research? --- I jumped to anAsset Managementfirm. I still followREITsclosely, but I don't use muchREITknowledge in this role. The experience helped me get my foot in the door.
3) Does covering publicly traded REITS change the answer to the questions above? --- Nope.
4) What are the best and most logical transitions / exit opps from covering REITS? --- There are a lot of exit opps from coveringREITsif you want to stay in a similar industry. I know a few that ended up joining the investor relations teams atREITsthey covered. Others joined the M&A teams. Some jumped to buyside funds and maintained theirREITniche.
Hope this helps!
I'm reviving this thread because of a unique situation. I would love to get feedback from the board, especially those like jeremysg who have covered publicREITs.
I have been recruiting for a role in commercial real estate, either acquisitions orAsset Management. I'm wondering if a role covering publicREITson the sell side would move me closer to getting a role in commercial real estate.
Has anyone seen someone move forREITERto Acquisitions or Asset Management at an owner/operator or REIT?
Thanks!
I work at a sell side shop covering listedREITsand can say that moving to acquisitions orAsset Managementis definitely a possibility. Some experienced analysts moved to differentREITsthat they covered while here. Other analysts moved toREITdedicated funds.REITdedicated hedge funds are also common.
I've yet to see an employee from my shop end up in REPE, but that's not to say it can't happen. Just seems that working for aREITor continuing to analyzeREITsecurities is more common given the experience you gain on the sell side.
Hi all,
Would anyone who worked in Equity research in theREITspace be willing to connect please?
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