What is my new firm classed as?
All,
I am moving into an Acquisition Investments role as Aso 1. The firm basically invests across the stack and sectors focussed on opp and value add. They utilise the partners capital as well as Family Office and Hedge Funds capital.
They have an AM arm and equally they also take on advisory mandates - distressed sits etc.
I cannot categorise what this is and it is important for me to at least understand what they are? Are they an owner operator? LP, advisory business or what?
I like the finance side of things probably more than the nitty RE - should I aim for an LP - does anyone know what that day-to-day would look like?
Any ideas - bump.
If you invest as an LP in the capital stack, then you are considered an LP. If you are the GP and manage the deals, then you are an owner/operator. If you advise outside companies, then you're an advisory. If you do any and all combinations, then you can call yourself a real estate investment company. The "category" doesn't really matter. You are going to be working in acquisitions so just tell people that you are in real estate acquisitions. The same way that an accountant at a REPE is probably don't tell people they work in private equity, they work in accounting @ XX company.
Makes sense - I was just super confused as to what this could mean for career prospects etc..
If you want to eventually transition to another company, you'd have "acquisition associate" as a job title and then in the description of your resume you can outline the job function you did. People will look at titles and job functions for a high level look at you and when you go through the interview process they will ask you about your current company and your current role where you can explain that all to them. If you worked at like EY and said you were an acquisition associate that is buying real estate a future employer might raise an eyebrow at it and think you're full of it since they are consulting and accounting. If you're at Hines or Related that does Dev, Acq, etc. then no one will question it.
I mean also know something about the acquisition process would be helpful if you come on as a 2-3 year exp/ Associate + hire
But that might come out in interviews more than anything else.
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