Real estate private equity firms will expect you to understand the risk profiles of each major real estate sector. Fortunately, the differences between each sector are pretty intuitive. But can you explain these differences in the investor’s vernacular? This article helps you take what you likely already understand, such as hotels being the riskiest asset […]
REPE Interview Prep: Real Estate Sector Fundamentals Read More »
Leases are fundamental to real estate. They drive revenue and greatly determine private equity real estate returns. Yet how much do you understand the basics of each type of contract? After reading this article, you will be able to: (i) quickly differentiate between triple-net, double-net, single-net, and full-service leases, (ii) explain the risks and benefits
Part one of this series covered the basics of accounting: (i) the three most common financial statements, (ii) major line items on each financial statement, and (iii) how the three statements flow together. This article extends those lessons to focus on: (i) the nuances of the direct and indirect method of the cash flow statement,
REPE Interview Prep: Accounting and Financial Statements, Part Two Read More »
Accounting is the language of finance. Though you do not need an advanced CPA skill set, you must be familiar with GAAP and IFRS accounting. Certain real estate investment case studies may require you to tease out crucial information from financial statements. If you do not understand the information below, you are not prepared to
REPE Interview Prep: Accounting and Financial Statements, Part One Read More »
Intro Today, we’re going to learn about real estate private equity models focused on development. Read each of these questions as if you were being interviewed, and practice our responses as if you were responding out loud. This is baseline real estate private equity for beginners, so make sure you understand this information cold before
This is the second part of the real estate private equity interview prep series focusing on property pro formas. The first part of this series can be found here. You must understand these questions cold before beginning any real estate private equity interview process. Walk me through an office pro-forma The revenue side of an
REPE Interview Prep: Pro Forma Interview Questions, Part Two Read More »
Understanding real estate pro formas is critical for any real estate private equity interview case study. The revenue and expense items for each major asset class should be in your muscle memory. Even if you haven’t made it to an repe case study round, the questions below will likely arise in your screener interviews. Make
REPE Interview Prep: Pro Forma Interview Questions, Part One Read More »
Leveraged Breakdowns exists to prepare you for a career in real estate private equity. To that end, this series covers interview questions you’ll likely face when searching for real estate private equity jobs. Make sure you check out our courses, Breaking Down REPE and the REPE Starter Kit, to get the hard technical skills you
REPE Interview Prep: What are the main REPE strategies? Explain NOI and Cap Rates Read More »
This is a collection of repe interview questions to help you prepare for a career in REPE. These particular repe interview questions focus on two common questions. First, why invest in real estate? Second, what are the main real estate sectors, and how do they differ? You need to have the answers to these questions
There are five primary tax incentives in real estate private equity that can boost returns in your real estate equity investment. Analysts should understand the mechanics of each so they can build effective real estate LBO models. Two of these incentives have been covered already: Property Tax Incentives and Sales Tax Incentives. Federal and State
Real Estate Private Equity Model 101: Other Incentives Read More »