Hi All, currently at a Hines/Tishman/TCC type firm. Not looking to leave yet, but curious what my options are down the line. For someone working in Development & Investments at one of the Mega devs, what type of options in REPE are available if you decide to make the switch?
Thanks for the help.
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Depends what level you are but more than likely, it would be a lateral analyst-to-analyst. By Associate, I wouldn’t be shocked if you would have to bump down to Sr Analyst at least. This is all anecdotal though and we haven’t taken anyone from a pure Dev firm on our Acquisitions team.
More analogous to a senior analyst, for what it's worth. Our titles are effectively shifted up 1 from elsewhere. Our deal teams are pretty much 100% focused on the finance / deal side of things, and leave the construction aspect to the dev managers.
Analyst (very few of these ) -> Associate (1-4 YOE roughly, not many at this level) -> Senior Associate (post-MBA, most people enter the firm here) -> VP -> SVP -> Principal -> MD -> Sr MD -> Executive team / C-suite
In that case, I would think you’d have an easier time transitioning.
speaking from prior experiences (I was in dev and then did a stints elsewhere before acquisitions), it’s going to be easier to transition to a friendly LP that you’ve worked with than not. The switch probably hinges on what kind of fund you’re targeting. We view risk a bit differently than GPs but dev experience is usually coveted.
Good to know, we work with all of the big LP's, but no one ever seems to leave my firm (we have more principal+ employees than we do Sr Asso and below, at least on the investing side), so it's tough to gauge. Planning to stay until senior promo and then want to be aware of my options
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