How to Climb theLadder in CREIF YOU ASK US, WE THINK COMMERCIAL
real estate is the best industry to make a career.
Of course, we may be biased but then we are notalone. In this issue we have identified 50 young professionals, our 50 Under 40awards, who are forging ahead with enthusiasm and abandon in this space.They are making things happen and we are delighted to be along for the ride.
Kicking off that section, as well as the issue itself, is our piece on Charting aCareer for CRE, which can be found on page 10. In it we speak with several CREpros on what it takes to make your way to the top of this profession. The shortanswer to this topic? While there are certain structural issues to consider whenmoving up a career ladder or making a change in CRE—such as, for example,moving from capital markets finance to retail brokerage—the main barriers toadvancement tend to be who you know and what you believe.
This issue also has our multifamily influencers. Make no mistake, apartmentshave weathered the pandemic relatively well, holding onto their private-marketvalue and staying relatively flush with capital thanks in part to the GSEs. But asour story on page 28 shows, there are some weaknesses beginning to show.Navigating these forces, to say nothing of a nationwide eviction moratorium,takes skill and wisdom. We did our best to identify the people who best exemplify these traits. As always with our influencer series, we have made our picksnot based on the number or size of deals completed, but rather on what thesepeople, teams and companies have added to the multifamily community in thepast 12 months.
We hope you enjoy our issue for this month and, finally, please continue tostay safe.
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Managing Editor Erika Morphy