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Real Estate Superday Behaviorals.FMVA 2023 exams with questions and answers which are accurate
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Real Estate Superday Behaviorals
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Real Estate Superday BehavioralsBackground/Walkthrough - answerI am currently senior studying economics and business at NYU.
I am originally from Potomac, MD right outside of Washington, DC but I currently also live in Miami Beach and then New York City when I am in school. I also studying abroad
in Florence last fall so I've had the opportunity to travel all around Europe
I first really gained an interest in Finance because my dad does international arbitration and he works with major private equity firms and hedge funds usually in distressed debt and credit situations so I always found what they do to be very interesting
And then in Real Estate my Sophomore year at NYU when I took a Real Estate Entrepreneurship and Development course as one of my electives in the Stern Business
School.
Some major things to highlight from my experience are that I recently completed an internship at Faropoint which is a RE PE firm. My position was within both Acquisitions and Asset Management so I really got to work on so many different projects and see everything that goes into a deal all the way from acquisition to disposition. We focused primarily on last mile industrial and net lease investments.
I also did a JP Morgan Investment Banking Online Internship Experience which was centered around M&A.
I have completed various online courses such as the Advanced Valuation and Strategy -
M&A, Private Equity and Venture Capital online course at Erasmus University and a Quantitative Modeling course from UPenn Wharton. Also I've done FMVA training from the corporate finance institute which is a comprehensive financial modeling,valuation, and analysis training program. In terms of extracurriculars, I am part of the NYU stern business analytics club and the NYU economics society. These experiences have all helped me build a solid technical background and knowledge of the industry so I'm really look
Why Real Estate? - answerI really want to be in Real Estate Finance for a couple of reasons
I first really gained an interest in Real Estate my sophomore year at NYU
I took a real estate development and investment course in the stern school of business
I had a guest professor Benjamin Atkins who has an investment management firm in Miami and NY called abbingdon square partners so he was extremely knowledgeable and taught us everything from a BOE analysis to CF and Equity waterfall modeling We had a semester long project with an Acquisition and Value Add proposal as well as a disposition strategy and so overall I learned a lot about commercial real estate in that course and it really sparked my interest in real estate finance
From there I found Faropoint through handshake and applied for the Acquisition and Asset Management summer analyst role which ended up being a great experience
Acquisitions:
Analyzed on market, off market, and soft marketed deals to identify acquisition targets for company's last-mile industrial and net lease portfolios
Underwrote single property deals all the way to large portfolio deals by using rDCF
Created an in-depth market approval analysis pitch for the company to expand into Phoenix, Arizona
Assisted with Investment Committee Memos
I created a dynamic model template to consolidate OM materials for different deals but specifically on this 25 property portfolio deal that had 80+ tenants all on gross lease structures
Consisting of market/submarket analysis including analysis of the specific industrial pockets, property specs/ranking, rent roll, pricing metrics, lease comps, sales comps, and BOE analysis components
Asset Management:
Created a market vendor consolidation analysis model to tell us where we have sufficient vendors or need more for things such as HVAC, electrical, dock doors, and landscaping etc.
Tell me about a deal you worked on - answerI created a dynamic model template to consolidate OM materials for different deals but specifically on this $200 million, 25 property portfolio deal that had 80+ tenants all on gross lease structures
The portfolio was broken down into 3 sub portfolios, one was in Miami, one in Broward, and one was a small bay portfolio spread between both Miami and Broward
I first created a property specs tab that broke down major property specs such as dock doors, loading/building sf ratio, ceiling height, roof age, and sprinkler system just to name a few
These specs were also coded to line up with a property ranking system that Faorpoint uses to rank each spec in terms of importance and calculate a total comparative ranking
Here I concluded that the Broward assets were a lot better quality, the Miami assets were pretty beat up, and the small bay were just too small for what we would typically acquire
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