PRE 2011 Graduates Obtain Investment Banking Positions
The Program in Real Estate at Cornell University, as one of the premier graduate programs in real estate, places its graduates in roles in private equity, consulting, investment banking, real estate investment trusts (REIT), and residential and commercial development companies. Duke Fairchild, Clifton Coffey and Tyler Williams from the PRE class of 2011 have accepted offers of employment within real estate investment banking companies. A description of the different companies and positions that these students secured are as follows:
Duke Fairchild - 2011 PRE
Company: The Greenwich Group International
Location: Washington, D.C.
Company Description: The Greenwich Group International was formed in 1995 by Simon Mildé, one of the founders of Jones Lang Wootton USA. It is a unique real estate investment bank whose core business has expanded dramatically in recent years from one primarily built around investment sales to a business focused on recapitalizations, platform financings, joint ventures and development funding. Since its founding, Greenwich has completed more than $30 billion in capital transactions. Position Description: As a Vice President with The Greenwich Group International, Duke will be responsible for interfacing with clients and investors to successfully navigate and complete complex real estate transactions. He will be actively involved in the sourcing and underwriting of real estate investment opportunities, as well as the placement of equity and debt capital on behalf of Greenwich and its clients.
Clifton Coffey - 2011 MBA/PRE
Company: Merrill Lynch, Pierce, Fenner & Smith
Role: Associate: Investment Banking Division – Real Estate, Gaming & Lodging Group
Location: New York, New York
Company Description: Merrill Lynch enjoys one of the premier investment banking platforms in the gaming and leisure industry. Its consistent performance in advising and financing companies in the gaming industry, has established Merrill Lynch as a first stop for capital raising needs for many of the world’s top gaming operators and gaming device manufacturers. Since 2005 the Gaming & Leisure team has led the industry across the capital markets spectrum as the #1 advisor of M&A transactions, the #1 underwriter of gaming high yield debt in each year, and the #1 underwriter and placement agent for equity & equity-linked by total transactions. By leveraging the in-depth knowledge of Merrill Lynch’s relationship managers, investment bankers and product specialists, the Gaming & Leisure team provides dynamic financing solutions for its clients.
Position Description: Clifton will have the unique opportunity to gain knowledge of gaming investment banking firsthand while participating in all aspects of M&A, equity, debt and corporate finance transactions. Associates will be fully integrated into active deal teams; day-to-day tasks include: building financial models, conducting industry research, preparing presentations and drafting memorandums, and interacting with senior bankers and participating in internal and client meetings.
Tyler Williams - 2011 MBA/PRE
Company: Merrill Lynch, Pierce, Fenner & Smith
Location: Charlotte, North Carolina
Role: Associate: Investment Banking Division – Real Estate Group
Company Description: Merrill Lynch’s Real Estate Group is a market leader in real estate investment banking. Through an experienced group of real estate professionals, it is a full–service provider of capital raising and advisory services focusing on Real Estate Investment Trusts (REITs), Opportunity Funds, Homebuilders and Lodging companies. This division of Bank of America Merrill Lynch consists of the following services: Real Estate Investment Banking, Strategic Advisory, Equity Capital Markets, Debt Capital Markets and Capital Commitments.
Position Description: Tyler comically addressed his position by saying, “The position involves working 100+ hour work weeks building Excel models and PowerPoint pitch books, finding mistakes in every document ever produced, and sending dinner orders for Ruth Chris to analysts each night.”
For more information on job placement within the Program in Real Estate please visit http://realestate.cornell.edu/index.php/career/placement_services/job_placement.