Core REPE Career Skills
A real estate private equity career path will put you face-to-face with uncertainty. You’ll never have perfect information. And even if you do, you will never have a crystal ball. Even the best laid plans can fall to waste against an uncertain future . Many incredibly talented investors were caught off guard by industrial’s precipitous rise and retail’s dramatic crash. That said, some investors consistently (and statistically significantly) outperform others . This begs the question - what real estate private equity skills set the best investors apart from the pack? Diligence Diligence means you leave no stone unturned. You push every question to the furthest conclusion possible, until you’ve reached the best possible answer you could hope for. For instance, you should understand every in and out of a ground lease before building a buyout model. If you’re forecasting taxes, you should know the millage rate, assessment ratio, and propensity of reassessment at entry and exit for the ju