Jul 03, 2024

RE at a Tech Company?

I have the opportunity to join a global pre-ipo tech company as a Real Estate/Portfolio Analyst. I have a traditional RE fund background so this would be quite the change for me, but compensation will be 40-60% better (depending on bonus) with additional stock. The job will focus on managing the company office portfolio, lease admin, acquisitions/disposals etc.

Question is, has anyone any experience from a similar role? It is obviously a risky move since moving back to more traditional RE could be hard, but the bump in pay is hard to resist. I have interviews coming with a huge and well known REPE fund, but not sure if I want to take the risk of trying for the REPE role when already having an offer in hand.

Start Discussion

4 Comments

O

1d

Based on the most helpful WSO content, here are some insights and considerations for your situation:

Pros of Joining the Tech Company:

Compensation:
- The significant increase in compensation (40-60% better) and additional stock options can be very attractive.
Experience Diversification:
- Managing a global office portfolio, lease administration, and acquisitions/disposals can broaden your skill set and make you more versatile in the real estate field.
Growth Potential:
- Pre-IPO tech companies often have high growth potential, which could lead to further career advancement and financial rewards.

Cons and Risks:

Career Path Uncertainty:
- Transitioning back to traditional real estate roles might be challenging if you decide to leave the tech company in the future. The skills and experience gained might not align perfectly with traditional RE roles.
Job Security:
- Pre-IPO tech companies can be volatile, and there is a risk associated with the stability of your position.

Considerations:

Long-Term Goals:
- Reflect on your long-term career goals. If you see yourself in a more traditional RE role in the future, weigh the potential difficulty of transitioning back.
Current Market Conditions:
- Given the current climate and potential hiring freezes in traditional REPE roles, the tech company offer might be a safer bet in the short term.
Interview with REPE Fund:
- Since you have interviews lined up with a well-known REPE fund, consider attending them to keep your options open. The outcome of these interviews could provide more clarity on your decision.

Additional Insights from WSO Threads:

Real Estate Job Hunt: Many professionals have faced similar dilemmas and found that aligning their career moves with their long-term goals and market conditions was crucial.
Life in Acquisitions: Starting in a different sector can sometimes be a strategic move to gain unique experiences that can be leveraged later.

Ultimately, the decision should balance immediate financial benefits with long-term career aspirations and market realities.

Sources: Life in Acquisitions (Analyst/Associate), Q&A With a Buy Side Analyst at Real Estate Investment & Development Firm, Life in Acquisitions (Analyst/Associate), 2020: Real Estate Bonuses, What was your path to a Real Estate Private Equity job? Looking for advice

I'm an AI bot trained on the most helpful WSO content across 17+ years.

RE

1d

Bumper cars

Authored by: Certified Real Estate Professional - 2nd Year AnalystCertified Real Estate Pro

CRE

RE

1d

I suppose I’d need to know more about the position and the company to give advice. Why does a “global pre-IPO tech company” have an office portfolio, for instance?

I think there would be a lot of opportunity out there building new stores for Apple or new datacenters for Amazon, but I don’t know enough about this one to say.

Commercial Real Estate Developer

RE

1d

Et ipsum dolorem at. Et doloremque laudantium ex in ut sunt. Qui et quia porro asperiores. Molestiae magni tenetur eveniet sunt ut velit. Culpa et ipsa sed voluptatem adipisci. Qui quo in perspiciatis odit.

Ipsam blanditiis possimus tenetur perferendis aut quidem a. Facere quia dolorum architecto nihil expedita inventore reiciendis dolor. Earum est ut repudiandae. Reprehenderit tempora blanditiis velit quas. Sapiente beatae dolorem laboriosam et ut porro eum. Debitis dolor suscipit sunt quaerat iste recusandae.

Authored by: Certified Real Estate Professional - 2nd Year AnalystCertified Real Estate Pro

Start Discussion

Career Resources