Introduction Knowing the structure of a typical interview will help you prepare when hunting for real estate private equity jobs. Each individual interviewer will bring their own style. That said, there is a general framework you can expect. This article will cover the course of a typical interview so you can better understand what you’re […]
Structure of a Real Estate Private Equity Interview Read More »
Introduction Real estate private equity jobs are just as much about reading and learning as they are about modeling. This is part five in a series in which we will ultimately build a full-scale M&A model for a publicly traded real estate company. But first, I want to make you read the source materials the
Public REIT Valuation Part Five: Development and Redevelopment Read More »
Introduction This post continues our series on public REIT valuation. The first post introduced our target, AIMCO (NYSE: AIV) and emphasized that the best place to start is by reading the filings. If you haven’t yet, go back and read through that first post. You should have at least skimmed through each of the filings
Public REIT Valuation, Part Two: Getting to Know the Filings Read More »
Networking into real estate private equity jobs is no cake walk. I know from personal experience, having broken into one of the top Manhattan mega funds as an industry outsider. Regardless, networking is the among the most important real estate private equity skills for an outsider candidate to master early on. Fortunately, there are several
Six Critical Habits for Successful Real Estate Private Equity Networking Read More »
Introduction This is part four in a series where we underwrite a live investment opportunity exactly as we would in our real estate private equity jobs. Part one introduced our subject: LSI’s $350M 2029 4.0% Senior Notes. Part two showed you where to find live bond pricing data and explained key terms. Part three demonstrated
Live Case Study #1, Part Four: Mental Math Screening Tricks Read More »
Introduction There are three real estate private equity skills you need to master when looking for a job: networking, developing market opinions, and technical skills. This series focuses on #2, the market knowledge. The last post in this series explained high-level that you need to conduct your market research in four steps: (1) sector-level research,
Developing Market, Part 3: Sector-Level Research Sources Read More »
Every Interview is a Learning Experience The interview game is a learning process, and you can really only gain your sixth sense through live practice. There is nothing that compares to actually practicing with real life interviews for firms you want to work at. With that said, it’s natural to stumble on your first few
Introduction Real estate private equity firms expect you to walk into your first interview with substantial industry knowledge. Yet how could a complete outsider ever know what to expect from such a technical ordeal? Enter Leveraged Breakdowns, the premier resource to prepare you for real estate private equity jobs. In this article, you should read
REPE Interview Prep: Fund-Level Debt, Tenant Credit, and REIT vs. REPE Read More »
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 »
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 »