CBRE - Underwriting Analyst or Valuation Associate
I was hoping someone who works in the industry might be able to help me out with this, there are two jobs available right now at CBRE and i was hoping someone could give me a little more insight in the two of them. My ultimate goal is to purchase cash flow properties and get into development on my own so i was curious if someone could tell me which one of these positions would better prepare me for that? Does anyone have any insight on lifestyle, salary culture for these two jobs? Thanks for any help.
I would have to think valuations. you would probably be working with more institutional owners and assets. I know my firm gets a lot of our assets valued by CBRE.
I think the underwriting position there is mostly SBL stuff which is very limiting.
that's just my guess though.
Thank you for your reply, would you mind if i ask what type of assets you get valued by them?
all, but my firm is 85% core multifamily.
Valuation is definitely appraisal. My firm gets stuff done by them too, anything from office, industrial, retail, etc. CBRE does it all so I'm sure it depends on the group/location you're referring to. Not sure about Underwriting but like dinoRE said, that one could be more limiting.
First hand experience here.
The SBL team wouldn't offer much in terms of your long term goal of development as that team would work primarily underwriting with Freddie/Fannie loans as well.
Dependent on team, but you will most likely work on one major asset class, and have a few one off deals here and there working on other asset classes. Culture will be generally quiet. Don't expect this to be a frat house, it is appraisal, but you can learn a decent amount here. Salary is dependent on team, I know of teams on a fixed salary working 45ish hours, and others on a split or other incentives working 55-70. In terms of development, I've had the opportunity to work on some of the largest specific asset class developments in my region, and had 2 large national/regional developers reaching out after 2 years of working here for a Sr. Analyst/Associate gig. Is it the most renowned gig, not at all, but it's all about taking in and learning everything you can with the resources available.
Shoot me a PM if you have any specific questions.
@GLNCR
What region are you based in? Just curious if there are hot geographies w/ impending changes to the Commercial real estate market...
what do you guys think are some exit ops and career paths for getting started in SBL lending?
There's a previous thread on underwriting here It is pretty good so you should check it out.
If you are looking at the valuations role, take a look at the team you would be joining. The way appraisal licensing works is that you will be generally tied to one senior, which doesn't support an analyst pool model. With that said, if your team is crushing it, you'll get good experience and learn a lot.
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