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Career Path of a Vice President at Catalyst Commercial Real Estate

Sean's career path began at San Diego State University with an initial interest in marketing, which shifted after a real estate society meeting and an internship at Matthews Real Estate Investment Services; exposure to brokers and developers, coupled with the tangible nature of real estate projects, sparked a desire to "build something" and led to a full-time brokerage role involving intense cold calling and direct interaction with high-net-worth individuals. A desire to learn development led to a property management and investment firm role, focused on operational efficiency and on-site improvements, which in turn facilitated the connection with the founder of Catalyst Commercial Real Estate and ultimately led to the current role as Vice President.

Commercial Real Estate, Brokerage, Property Management, Real Estate Development, Networking

Advizer Information

Name

Job Title

Company

Undergrad

Grad Programs

Majors

Industries

Job Functions

Traits

Sean Willett

Vice President

Catalyst Commercial Real Estate

San Diego State University

Business Management & Admin, Marketing

Real Estate

Business Strategy

None Applicable

Video Highlights

1. The speaker's initial interest in real estate stemmed from the energy and vision of brokers and developers who could point to tangible projects they had created, which aligned with his desire to build something lasting.

2. Starting in brokerage provided a fast track to learning by interacting with high-net-worth individuals and understanding the intricacies of commercial real estate transactions.

3. Transitioning to property management offered practical experience in operating buildings, maximizing cash flow, and understanding the physical aspects of real estate, complementing the communication skills learned in brokerage.

Transcript

Could you walk me through your career path, starting with your experiences in college? Did you have any internships or jobs before your current role?

My college path began at San Diego State University. I had no idea what I wanted to do in the future, but I wanted to pursue something in business. I assumed marketing was the best route.

It turns out that marketing experience has been very helpful in my career. However, after starting in marketing, I learned a lot but realized it wasn't what I wanted to do. I graduated later, but not until I attended a real estate society meeting.

The energy I felt from the brokers and developers there really attracted me to the industry. Then, during my first internship with Matthews Real Estate Investment Services, I discovered a connection through seeing projects in real life. I would drive around with brokers who showed me buildings they sold, or developers who pointed out buildings they had built.

This became my end goal around my junior year of college: I wanted to build something that I could point to as I drove around San Diego. This ambition was also attractive because the industry is very lucrative, offering a good balance.

I started my career in brokerage and took that internship at Matthews, which led to a full-time role. I worked there for about a year, putting in 12 to 14-hour days, always dressed in a suit and tie. My job involved cold calling, making a hundred calls a day to commercial real estate owners, looking for those willing to sell their shopping centers.

I was involved in multi-tenant retail and shopping center brokerage. I learned an unbelievable amount in a short time. Though I made a hundred calls, I only spoke to 10 to 15 people a day. These conversations with individuals worth millions taught me exponentially more than I could have learned in college or other roles.

I still believe starting in brokerage is the best way to enter this industry. It's a fast track to speaking with people much further ahead in their careers. My goal, however, was to learn how to develop buildings, and I knew brokerage wouldn't provide that experience.

I sought a role in private equity or with a developer, but no positions were available due to a tough job market. I ended up joining a property management firm that was also an investment firm. They owned about seven deals themselves and managed approximately 1,250 units for outside clients.

In that role, I began to understand real estate operations more. Brokerage taught me how to communicate effectively, while property management taught me how to operate buildings, maximize cash flow, and interpret financials. I learned where to make changes that would genuinely improve a building's performance.

This role was also the first time I could go on-site, examine physical buildings, and talk directly with tenants. I learned what we could do to increase efficiencies or improve the building's appearance to attract tenants willing to pay higher rates, thereby increasing returns for investors.

While in that role, I was also cold calling for new property management clients. This is how I encountered the founder and CEO of Catalyst, my current company. I was trying to win his business for property management at the time.

However, a role opened up at Catalyst, and I decided to pursue that instead. This path has led me to my current position.

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