Favorite Parts of Being a Real Estate Investment Associate at Wealth Management Company
Geoff, a Real Estate Investment Associate, most enjoys the storytelling aspect of real estate investment, stating that "every investment needs to have the qualitative features...in addition to the quantitative," finding the unique history and functionality of each building, coupled with understanding neighborhood dynamics, a fascinating element of the role. This qualitative analysis, combined with on-the-ground market research—including speaking with tenants—"talking to people...talking to tenants,"—makes the job engaging and less focused on purely quantitative analysis compared to other investment types.
Real Estate, Investment Analysis, Market Research, Financial Modeling, Qualitative Analysis
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. Real estate investment involves understanding both the quantitative and qualitative aspects of a property, including its history, functionality, and market dynamics.
2. Geoff enjoys the process of researching and understanding the unique story of each building and its surrounding neighborhood to build an investment thesis.
3. Direct interaction with tenants and market participants provides valuable insights into the current and future use of properties, influencing investment decisions.
Transcript
What do you enjoy most about being in your current role?
It kind of ties back to my undergrad choice of being a history major. I really like how real estate is all about a story.
Every investment needs to have the qualitative features that you need to understand in addition to the quantitative. That's particularly important in real estate because a lot of it is not relying on data.
It's relying on getting out and understanding the market, the history of that building, and its functionality. It's about understanding specific demand drivers, whether they're specific to the market or specific to that building as an individual, because every building is unique and different.
I think that part is really cool, understanding the dynamics of different neighborhoods and how they fit into the investment thesis. That's the really fun part about my job.
Obviously, getting out to those markets and physically being there and talking to people is key. You talk to tenants, like, "Oh, we're using this space for X, Y, and Z to store Korean foods." Or a software company might say, "We're in this Silicon Valley office for this reason."
I think that's all really interesting. It's the building of the qualitative features that speak to an investment. Again, there is a numbers component, but you're not hyper quantitative like other investment product types are.
That's probably what I enjoy most about my job.
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