Steps To Becoming a Partner
I currently am 26 and have been working in real estate since I graduated college. My background was an internship at HFF and immediately went to work for a regional private investor developer/investor. Recently took a job at a larger shop in a major MSA. My goal is to one day become a partner/run a region for a private group, thing Bridge Development Partners, Crow Residential, something of that nature. I do not want to develop for myself as I do not have old family money to have that balance sheet or do I have that stomach for risk, but I enjoy the game of development. What are the steps and pathway to becoming a regional guy like this? What does comp packages look like here? Should I move sooner rather than later to where I want to live long term to start getting those relationships?
Comments (9)
耐心。这些角色迟早会开始开放。但是,为了帮助您接听电话,通常会在您想开始工作的市场上成为一个“知名人士”。我的意思是活跃于市场上,并且可以指出那些竞争对手会知道的一系列交易。您还需要一点运气。我知道35岁的人是商店里的#2或#3家伙,或者他们是经营它的主要市场人士。但是这项工作几乎是一样的。这正是您在这一点上向谁报告的,并且Abv Comp随之变化。
Also, politicking. If you work for a corporate esque firm, it's not always the deal person that gets it. You generally need to understand how to run a business as well. Become a top performer, work work work, perform more; source great deals or manage great assets, and eventually firms will hopefully promote you.
回声这个..AREITfor example will want a strong leader who can run multiple departments and keep tenants happy vs a promote firm who is more deal centric...
Yes. The business of running the firm is very different from some of the smaller shops. At a large shop, if you run the firm, you don't really do deal work - sure you approve deals, but you focus on strategy, capital, big picture thinking. At a smaller shop you'll do deal work, plus strategy. And than as the shop grows, you'll probably get away from being in the nitty gritty deal work.
因此,这是一个很好的问题,也是一个人可能应该在职业TBH早些时候考虑的一个问题。我看到了很多“如何发表自己的帖子”,但没有很多“如何成为成熟公司的EVP/MD/首席执行官”帖子,我想知道这是否是基于真实的欲望,还是人们实际上可能有事实际上,“自行罢工”是更可获得的道路.......
我将把这个理论上的问题留在那里,我对“合作伙伴”类型的观察(即MDS/EVP和合法的C-Suite播放器)。这是我可以概括的(我本人还没有达到这个水平,所以这是一个外部看“类型评论”):
1.他们擅长做什么。他们知道自己的狗屎,这很明显。我认为这是经验的函数,但是我想他们总是在每个等级的顶部(即Rockstar VPS,董事,经理等)。
2. They started early, or had some legit hardcore exp in another field before jumping into current field. I think time at the game matters a lot, hence why starting as soon as you can in legit roles is critical.
3. They benefit from some "lucky breaks", like being in the right place at the right time for certain key promotions or jobs. This isn't to say I think they got "lucky" like one in a million chance type of thing, but they were just being awesome at current job, and got noticed at a lucky moment. I'd guess it was just "matter of time" but this could result in a lot of "survivorship bias" (meaning, equally qualified people who don't catch the lucky break are probably out there, to be very honest)
4. They have diversified experience - I see this more often than not, the people at the top had a multitude or roles/experiences and even tradecrafts. This seems to help them be more rounded. (FYI.... this is why I can't stand the thoughts about wasted jobs/exp, or getting "pigeonholed" in random stuff). Said another way, the probably jumped some, even if just from ACQ to是or something like that.
Beyond that, a lot of individual stories, that are all kinda different. I think that is the big takeaway, not one path, set of skills, or moves to be made.
I'll give my own personal "tip" that has really allowed me to level up some positions and get ahead....... Do work you are NOT paid for! Meaning, volunteer, jump in, and do shit you really aren't set up to do. If someone quits in a position higher, just take up the slack. This has worked really really well for me in so many ventures. It is not just at work to do this, do it at your local NAIOP (hell get involved at national NAIOP) or whatever group you can. This is a way to get more experience and training and also options to be "seen" for the bigger roles. BUT this will cost you time/sleep, but it will also force you to be efficient at your actual job. You never want to be the one who is "slammed", they won't get given more stuff, you want to be the one to leap on special projects/assignments. At least that is my personal view! When I get one of those titles, I'll report back with more detail!
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Absolutely nailed it, particularly with your last point.
过分强调这个论坛的声望,当您年轻时获得尽可能多的经验和责任时,应该是排名第一的优先事项。
是的,您的简历上的声望将为您带来更多外观,但最终您将不得不进入高级水平并表现出色。找到一个为您提供广泛经验的公司,将为您提供您所需的环境,以了解在高级层面至关重要的协议阶段重要的事情。
是的,必须同意,在职业生涯的任何阶段,追逐公司的声望都可能非常最佳。当然,它在“所有其他平等”框架中更好,但是在现实中很少是“其他所有”。
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