What would you say are the prospects of exiting into an institutional or MF REPE shop from CenterSquare?

 

A former colleague of mine a few years back told me Centersquare is very target school focused and it is nearly impossible to get an offer from a non-target. Were the other kids you interviewed with from target schools? Surely it would take an incredible candidate to break through!

 
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I did not go to a target school. Most of the kids interviewing were non-target and the kid who got the offer was non-target. The MD running the process was a Princeton grad, another kid interviewing was from Princeton as well and I saw some Georgetown, Temple, St. Joes, Penn State kids. CenterSquare headquarters is right outside of Phily so I think most applicants come from the Philly region. 

 

I think they started, I just had one and they told me modeling test is the last part so just wanted to prep but also she said I have to take some finance assessment exam I have no idea what that's about. Anyone took it before interviews? 

 

I interviewed there recently and took their modeling test. 1.5 hours to build an Argus model, export to Excel, build a model from scratch that uses the Argus cashflows, and show return metrics. They'll give you a pdf prompt with all the assumptions and return metrics they want you to solve to. The property is a STNL industrial with a couple of rent and expense differences. The Excel model will involve monthly cash flows rolled up to annual cashflows and a waterfall that has a Pref and 3 tiers thereafter. You have to show S&U as well.

Hope this helps. Good luck!

 

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