How much experience do REPE shops like when coming from Brokerage role
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[{"id": "i079oll", "text": "100%. You will easily be able to land a job at a small - medium sized REPE shop. \n\nA bigger shop, however\u2026 You\u2019ll have more competition but you\u2019ll have a good shot.", "replies": [], "depth": 1}, {"id": "i07bd3o", "text": "Most PE shops are very lean. No capacity to spend a lot of time on training. We like to see at least a few years at a big shop (eastdil, JLL, CBRE) if it\u2019s brokerage experience. Want to know you are proficient in ARGUS, excel modeling, and have been able to grind. Expect to work a lot.", "replies": [{"id": "i07day6", "text": "Hey, I know OP asked about coming from a brokerage role. What kind of roles do firms like yours like to recruit from? Is that a few years as a broker, as an analyst, or as a director/VP of some sort?", "replies": [{"id": "i07q5dc", "text": "Depends on the role. Assuming junior roles, then brokerage / investment banking. I came in as a senior director which was a lateral move from my prior shop.", "replies": [], "depth": 3}], "depth": 2}, {"id": "i0c8z7h", "text": "Work at a PE multifamily shop so ARGUS isn\u2019t necessary, but I think the excel modeling part is overplayed. Definitely need to be more than proficient, but it\u2019s rare you can\u2019t figure out modeling a certain deal point. At the end of the day real estate is pretty simple. I think one of the most important skills in REPE is understanding your shops strategy to make money as a fiduciary to its investors. Once you get a grasp of that, modeling and valuing deals is pretty easy. In addition, I think there\u2019s a ton of space in REPE that brokerage shops don\u2019t prepare you for. Since most PE shops are lean bodies-wise, you (at least I had to) learn fund level analysis, asset business plans, and DD on the fly. Came from the debt space and the numbers came easy, but the holistic approach of seeing a deal through cradle to grave took adjustment", "replies": [], "depth": 2}], "depth": 1}, {"id": "i0cshwd", "text": "It's March you should already have a job lined up. Start applying  now.", "replies": [], "depth": 1}]