A Day In The Life Of A Real Estate Investment Associate At A Wealth Management Company
Geoff's day-to-day activities as a Real Estate Investment Associate are varied, with "60% of [his] functions" dedicated to acquisitions, including deal analysis and preparing investment memos. This role also involves significant due diligence, frequent calls related to assets, and travel to physically inspect properties and build relationships, a key difference from prior analyst roles.
Acquisitions, Due Diligence, Real Estate Investment, Financial Analysis, Travel
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Geoff Esmail
Real Estate Investment Assoicate
Wealth Management Company
University of Arizona
UCLA & MBA
History, Art History
Finance (Banking, Fintech, Investing)
Finance
First Generation College Student
Video Highlights
1. A typical day involves 60% acquisitions work, reviewing deals and creating performance reports.
2. The role includes significant due diligence, managing consultants, and preparing investment memos.
3. The position offers travel opportunities to visit properties and network with people in the field, unlike more desk-bound analyst roles.
Transcript
What does a day in the life as an investment associate really look like?
It kind of changes day to day. It's not consistent, but I think the biggest part is, I spend probably 60% of my functions in the Acquisitions part.
So, a lot of it is going through the deals that are sourced and brought to us, and putting together those performers. That could switch, though. When we've committed to a deal, we're very focused on the due diligence side.
That's kind of managing all the consultants that review the reports, the condition of the property, and the environmental stuff. Then we're putting together investment memos and things like that.
Of course, we always have a lot of calls related to assets. We have a lot of deals we're looking at, so there's a lot of that.
A unique part about the real estate space, for all the other investment products out there, is that you do get to travel quite a bit and actually physically go see them. As an analyst, I didn't do that as much; you're more at your desk.
Because I'm an associate, I'm getting a little bit more out there. So, I am hitting the road a bit, getting out to the markets, showing face with the people you're trying to do deals with, and then obviously looking at new properties or properties in your portfolio.
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