Those in Development: What questions should I ask my CRE Development higher-ups?
Recently joined a CRE Development team in a Metropolitan area as a summer intern. I am really interested in the sector; however, I am still in undergrad and have plenty of time for decison-making. What questions should I be asking to Equity Analysts, Asset Managers, VPs, and/or other Developers?
[{"id": "eoa9lf5", "text": "Ask about how they arrived at the decisions that they made. Both good and bad.", "replies": [], "depth": 1}, {"id": "eoaapb6", "text": "I think you should ask them the exact question you just asked us.  \"What should I be asking, what am I missing\" is always a great question.", "replies": [], "depth": 1}, {"id": "eoamomz", "text": "Interning at developer also and interested to hear the responses", "replies": [], "depth": 1}, {"id": "eobrccx", "text": "ALL OF THEM. Ask a question every single time you don't understand something, that's why you're there!! Internships are a special experience, you get the intro experience of an analyst, but with the bonus of being invited to high level meetings and calls that you may be excluded from once you graduate and become an analyst.", "replies": [], "depth": 1}, {"id": "eobt6k2", "text": "Ask to work in ARGUS as much as possible", "replies": [], "depth": 1}, {"id": "eocfbdb", "text": "ask to see a proforma on an old deal, pick it apart, recreate it, and ask an analyst \"why\" about everything you see...", "replies": [], "depth": 1}, {"id": "eoi3e76", "text": "Ask how their thinking about projects has changed over the last couple of years given the greater odds of delivering into a recession now...have they become more risk averse?  \n\nHow trade war / lack of labor impacted any projects?\n\nHas the abundance of cheap development financing impacted any decisions?", "replies": [], "depth": 1}, {"id": "eoiz17u", "text": "Development requires an aggregate skillset, so try to get as much exposure to a variety of things as you can. Sit in on as many meetings as you can especially those with outside vendors or consultants.", "replies": [], "depth": 1}]