Career Path of an Acquisitions Associate at Witnick Real Estate Partners
Brian, an Acquisitions Associate at Witnick Real Estate Partners, pursued finance in both undergraduate and graduate studies and initially interned in wealth management at BNY Mellon, but realized it was "a little bit more of a sales role", so after also recognizing the appeal of real estate's tangible and cash flow aspects, transitioned to an analyst role at Mark Simcha Capital Corporation, a debt broker, for two years before landing at Witnick. Now, at Witnick Real Estate Partners, the Acquisitions Associate analyzes "value add multi-family properties in Manhattan and Brooklyn" to assess their acquisition potential.
Real Estate Investing, Financial Analysis, Career Transition, Acquisitions, Private Equity
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Brian McNulty
Acquisitions Associate
Witnick Real Estate Partners
Bentley University
Bentley University - Masters in Finance
Finance
Finance (Banking, Fintech, Investing), Real Estate
Real Estate
None Applicable
Video Highlights
1. Interned in wealth management at BNY Mellon but realized it was too sales-oriented and not analytical enough, leading him to seek a career change.
2. Developed an interest in real estate due to its tangible aspect, cash flow potential, and investment opportunities.
3. Worked as an analyst for a debt broker at Mark Simcha Capital Corporation for two years, gaining experience in helping clients secure loans for commercial properties before transitioning to a private equity role.
Transcript
Could you walk me through your career path, starting with your experiences in college? Please include any internships or jobs you had before your current role.
I studied finance for both my undergraduate and graduate degrees. My first role was an internship between my junior and senior year in wealth management at BNY Mellon.
Ultimately, I realized that wasn't exactly what I wanted. It was more of a sales role, and I was looking for something more analytical. I also realized I wanted to work in real estate.
I've always been interested in investing and liked the tangible aspect of it, as well as the cash flow. I was investing my money throughout college and realized I wasn't actually making anything; it was all appreciation, not actual cash in my pocket.
I realized if I wanted to make money, I needed to sell, which I didn't want to do. So, real estate seemed like it offered that opportunity. Long story short, for various reasons, I decided I wanted to do real estate.
I got my first full-time role at Mark Simcha Capital Corporation. I was an analyst for a debt broker, where we helped people get loans and find the best lenders when they were looking to buy or refinance their commercial properties.
I did that for two years and then got my role in the private equity side of real estate at Whit Nick Real Estate Partners, where I'm currently an acquisitions associate. I analyze value-add multi-family properties in Manhattan and Brooklyn and determine whether or not we should buy the building and at what price.