A Day in the Life of an RCLCO Associate

Featured Associate: Jay Siegel

Jay Siegel, Associate8:00 AM: Leaving my apartment in Adams Morgan, I hop on the Metro and take the red line to Bethesda, catching up on current real estate happenings on the way.

8:30 AM: Fresh off the Metro, I arrive at the office and start up my computer. I grab a cup of coffee while sifting through emails, checking my calendar, and laying out my plan for the day.

8:45 AM: First up this morning is an investment advisory project that I’ve been working on for the past week. Before I check in with my project manager later in the day, I continue to analyze how the expected performance of a new multifamily asset in Washington, D.C., conforms to our client’s investment criteria. I pull data from Reis, RCA, and Esri Business Analyst to gauge the economic and demographic climate for the building, research the competitive properties in the market, and model the financial metrics that will ultimately be sent to our client for review.

11:00 AM: With the financial model nearing completion, I shift gears and open up the draft of the report that will articulate our findings. In it, I spell out the trends happening in the D.C. market, review the cost assumptions for the building, and ensure that all necessary construction documents are in place.

12:15 PM: I head outside to grab lunch with some coworkers, fighting off the urge to get a massive burger at Five Guys.

1:15 PM: I pull up our pricing analysis for another project, a new multifamily project to be built near City Park in Denver. I begin to make initial pricing recommendations for the building’s unit mix based on my observations from my site visit to Denver last week. I organize my findings into exhibits to be shared with the project’s director.

4:00 PM: I meet with my project manager to review the progress I’ve made on the investment advisory project. We review the findings from the financial model and pay special attention to the extensive pipeline of apartments soon to enter the D.C. market. We finalize the financial model and investment report to be reviewed by the project’s director.

6:30 PM: I check my calendar for tomorrow and see that we’re kicking off a fiscal impact analysis for a mixed-use project in Virginia. I organize my thoughts in advance of the meeting, respond to a few emails, and head home to cook dinner and catch up on the latest University of Michigan football chatter before another productive day.

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