Question for Multifamily Sponsors or Analysts on buy-side
For those of you on the sponsor side, I was wondering if you could comment on how you got into multifamily acquisitions?

I am currently looking to make a shift from working with a commercial lender in an asset management capacity to hopefully an analyst role with a multifamily sponsor group. Any advice for someone looking to get into this type of role? 

\- Any specific job openings I should be looking for? i.e. Acquisitions analyst, Financial analyst, Investment analyst? 

\- Is Adventures in CRE worth the money?
[{"id": "giz8pw1", "text": "I'd consider looking at the top brokerages that sell multifamily, they'll teach you the metrics plus you find out who the active medium sized (3k-10k units are) multifamily companies are, and target to join them later.  You'll get property walks, underwriting, marketing, pitch decks, buyers and seller contacts.  This will make you most valuable to a Sponsor. That might be a 2-4  yr plan though..", "replies": [], "depth": 1}, {"id": "gizajz4", "text": "Adventures in CRE are 100% worth the money if you trust whom you\u2019re entering this with and your ratios and calculations are in line with your markets standards. If you want to make a true career out of Commercial Realt Estate investing like I have, I recommend to research in depth different facets of CRE and which appeals most to you. There are DRASTIC differences between what you\u2019d be doing and learning as a development analyst vs. an acquisitions analyst vs. a financial/asset management analyst vs. becoming a licensed agent and going for the commission from brokering a deal. \n\nI think an acquisitions analyst for a firm would be the best place to start. You\u2019ll learn what types of properties that investment firms look for, how to value those properties, and what actually goes into negotiating (and ultimately closing) a real estate deal. Best of luck!", "replies": [], "depth": 1}, {"id": "gizqwky", "text": "Better find a group with a ton of discretionary capital, deals are hard to buy right now if you need a huge return. Have you considered the multifamily debt side? That\u2019s what I would consider. They are never slow, you can do a construction loan, then a permanent, and then a refi. Get in the door however you can, offer to intern, whatever to learn the business and show the you\u2019re valuable.", "replies": [{"id": "gziglrz", "text": "I agree, the lenders side is an important consideration. I got let go after helping place all the excess funds in acquisitions for a large owner and developer. They kept on another person that had more skills with entitlements and had a brokerage license to also bring in an occasional deal.\nThe amount of analysis on the lender side is also more in depth given all the reports ordered after a deal is under contract. It is amazing to me how little resources some owners have and use during the bidding phase.", "replies": [], "depth": 2}], "depth": 1}]