Advice: Is PERE Investor Relations a good move?
Would taking this as my first job put me in a good position or would it pigeon hole me?  Ultimately want to be in or start a development firm.
[{"id": "fpk6r86", "text": "In this climate, ehhhhhhhhhhhhh...better than nothing.", "replies": [{"id": "fpk7lzq", "text": "haha fr.. take care!!", "replies": [{"id": "fpk836g", "text": "I would suggest for you to go into brokerage as an analyst, or even better, straight into development as an analyst. But unfortunately, those doors may be closed to everyone in this environment.\n\nIR is more client-facing so you will not be building up the skills required for the nitty gritty involved with a development (SDAs, entitlements, site plan reviews, change orders, babysitting your engineers/gcs).", "replies": [{"id": "fpk8mm3", "text": "It would be easier to jump from analyst into IR in the future instead of the other way around I gather? \n\nMight have an intern position as a development analyst depending on how call goes...  wish me luck\\~", "replies": [{"id": "fpk8vx0", "text": "Yes you are correct. It's basically the difference between a hard skills job (development/analytical) and a soft skills job (IR).\n\nBest of luck! Be sure to google recent transactions and look through their portfolio on the site.", "replies": [{"id": "fpk99uq", "text": "cool- thanks for the tips!! much love", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "fpk8rld", "text": "I\u2019ve always gotten the impression it\u2019s harder to make the jump from brokerage or banking to PE shops down the line. If you can get into the buy side early on it seems to bode well.", "replies": [{"id": "fpk9bu4", "text": "Some big shops pull straight from undergrad, some from IB analysts, some from brokerage analysts (CBRE/JLL/CW). Tough to really make a structured path here because CRE is anything but structured. Most of my buddies who went REPE did so from brokerage analyst positions.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fpk706v", "text": "What skillset does PERE investor relations give you?\n\nWhat skills do you need in order to start your own development firm?", "replies": [{"id": "fpk7iiw", "text": "I would say IR would help me understand what equity partners are looking for/their concerns, how to raise capital and down the line would be client-facing to build connections\n\nI would say to start own development firm you would need this skillset but at the same time should I invest in a role that will build my technical skills... :/", "replies": [{"id": "fpq0bki", "text": "Development is easy you can hire out project managers - money people don\u2019t need to do nuts and bolts. If it\u2019s outbound facing IR you\u2019re golden, everyone wants someone who has connections with LP and understands the fundraising process and LP mindset.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fpk7cdc", "text": "If you know who has money or where to find it, you can be whatever developer you want to be.", "replies": [], "depth": 1}, {"id": "fpkadun", "text": "PERE IR pro here... it's gonna depend on the firm. But you're going to need to get on the deal side, because whether you want to join a dev firm, or start your own, you're going to need a track record. You'll also need to determine if this is pure, inbound IR (reporting, investor requests, etc.), or if there are opportunities to get exposure to outbound capital raising, because that's where you'll learn how institutional investors think, and the legal aspects of starting a fund.  I've seen people move from accounting/portfolio management into acquisitions/asset management, but I've never seen anyone make that move from the IR side. You'd have to really show a self-driven interest if you want to make that leap.", "replies": [{"id": "fpkbkhy", "text": "Thanks that was super helpful, I'll be sure to ask that", "replies": [], "depth": 2}], "depth": 1}, {"id": "fplnvuk", "text": "Hey OP I wanted to say that I agree with Rona. \nFresh out of college I went into development from the researcher/analyst side. It has allowed me to soak up more skills/experience in a shorter amount of time than if I went in on the IR side. \n\nI would say that you should focus on your tool box of  fundamentals and you can always add in IR experience later on.", "replies": [{"id": "fpmf358", "text": "thanks good advice xx", "replies": [], "depth": 2}, {"id": "fptxvdz", "text": "I'm two years out of college looking to switch into CRE. I would love for my first job in CRE to be an analyst for a development firm but it seems like these roles are pretty rare. What do you think is the best way of securing a job like this?\n\nI'm currently cold-emailing / LinkedIn messaging a bunch of people introducing myself and asking for a brief informational call to share my background and ask questions about their experience. I guess I am hoping one of these calls leads to something?\n\nI've also started getting more direct by just emailing Principles and asking if they have any opportunities. I've never gotten a reply from a principal in both types of emails (directly asking for a job or asking for an informational call).\n\nThanks.", "replies": [{"id": "fpu1ijs", "text": "You are definitely on the right track with your efforts. Only thing I would say and it will depend on how large your market is larger being better ofcourse. \n\nLook at the jobs at the national firms like CBRE, Colliers, Cushman, Marcus &amp; Millichap. The positions will require a college degree in similar field. But those are your best bets. Biggest thing I have noticed in CRE is that it requires someone to introduce you into the firm via a personal relationship. Ask your sphere of influence if anyone works in the industry. It's all relationship based. \n\nI did the whole college internship to get my initial experience at one firm. Then though that I found out an old scout leader owned a brokerage and I have ended up with him ever since. Hope this helps in some small way.", "replies": [{"id": "fpu2ecl", "text": "Got it - I'll definitely shift some more focus to the national firms and keep at it. \n\nThank you, much appreciated :)", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]