REIT Management and Research

  www.reitmr.com
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REIT Management and Research Reviews

Updated August 20, 2014
Updated August 20, 2014
28 Reviews

2.4
28 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Adam D. Portnoy
7 Ratings

Employee Reviews

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  1.  

    Great company!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at REIT Management and Research

    Pros

    A pleasant, supportive work environment with realistic expectations of productivity. Competitive benefits.

    Cons

    No cons experienced to date.

    Advice to ManagementAdvice

    Keep supporting and encouraging your staff.

    Recommends
    Negative Outlook
    No opinion of CEO
  2.  

    IT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at REIT Management and Research full-time

    Pros

    The compensation and benefits are at par with market but not so much so that they are worth it. I really don't have anything else positive to say about this company

    Cons

    IT senior management that is only focused on themselves. The IT department is not aligned with the companies it supports. Departments are very siloed with little to no communication from senior leadership on the long-term strategy or direction of the company making for a very disjointed organization. Within IT individual contributors are stretched way too thin! There is also very little room for growth and very little time/effort put towards that in general.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    They got too greedy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Newton, MA
    Current Employee - Anonymous Employee in Newton, MA

    I have been working at REIT Management and Research full-time for more than 3 years

    Pros

    Good compensation; good benefits; enjoyed working with 95% of my colleagues...

    Cons

    No appreciation for employees. Regardless of the compensation, it would be nice to hear that you're doing a good job once in a while.

    Because of the flawed/unethical and greedy business plan, the company hides under the radar and doesn't encourage participation in industry events. When you're ready to leave your job you find out that no one else has heard of the company even though it has billions of assets under management.

    No respect for the field offices, which are treated as chattel.

    Incompetent accounting department that is always in crisis mode.

    The legal department is always on the rampage looking for heads to roll.

    Advice to ManagementAdvice

    Stop being intoxicated by what the investment bankers spew to you. Manage your real estate assets like you actually own them.

    Doesn't Recommend
    Negative Outlook
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  5.  

    Management Machine burns through staff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Systems Administrator Lvl II  in  Watertown, MA
    Former Employee - Senior Systems Administrator Lvl II in Watertown, MA

    I worked at REIT Management and Research full-time for more than a year

    Pros

    It's pretty sad that everyone agrees that the bagels were the only good thing... should be a advert for Panera. The base pay was fairly competitive.

    Cons

    Work life balance was the worst. 80 hour work weeks are the norm.
    No room for promotion unless you are current management.

    Advice to ManagementAdvice

    I watched some of the most talented people I know get churned and burned by the Portnoy machine. Management always stressed how much they care, but hosnestly, talk is cheap. Stop taking shortcuts to show employee appreciation. If you focus on your people more, you might free up time, workload, and of course revenue that you are wasting on searching for new hires. P.S. Job fairs aren't going to bring in the caliber of talent that the company is hemorrhaging.

    One of the best ways to show appreciation is to hire from within. Management pigeonholes you and never moves people up. I never once saw a promotion from within that wasn't a management move. (I.E. management only takes care of itself!)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Horrible, horrible company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at REIT Management and Research full-time for more than 3 years

    Pros

    Bagel day each Friday for the staff . Newer offices with locker room/showers if you want to exercise before or after work. Garage parking. Their checks cleared each payday.

    Cons

    Miserable work environment. Overworked middle level employees and support staff. Unreasonable amount of work, and senior management takes all the credit, glory and the bonuses for it and also play the blame game incessantly. Seemingly underhanded & shady dealings with employee relations. Many staff members were sabotaged, driven out or fired because management just doesn't want them there. The culture is like everything you hated in middle school. What a pit of despair.

    Advice to ManagementAdvice

    What goes around comes around. And it looks like from recent news stories in the press, it's coming around...

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Chaotic, Disorganized Workplace with Little Employee Appreciation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Newton, MA
    Current Employee - Anonymous Employee in Newton, MA

    I have been working at REIT Management and Research full-time for more than 5 years

    Pros

    - Health Plan coverage
    - Annual bonuses are respectable
    - Free bagels on Fridays

    Cons

    Departmental and senior management invest little time/effort in developing and teaching employees. Management at all levels thinks very highly of themselves and only delegates tasks providing little direction on what is required. Management does not see the value in listening to employee feedback about process and quality improvement resulting in poor operational and reporting performance. Employees are expected to think inside-the-box and be "yes men". Communication between departments and from the top down is infrequent at best, and each department operates independent of each other, finger pointing is rampant. There are almost no formal policies in place, which is surprising for a large, national company and scheduling day to day and week to week is unpredictable. Projects are assigned from multiple superiors without thought or planning and are expected to be completed simultaneously and immediately. Appreciation is non-existent and morale only declines. There is zero workplace culture or social cohesiveness.

    Advice to ManagementAdvice

    - Listen to employee feedback
    - Demonstrate appreciation for employees
    - Invest in infrastructure: internal and external employees, processes and systems, technology.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Gained a lot of experience but no opportunity to move up

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Administrative Assistant  in  Watertown, MA
    Former Employee - Administrative Assistant in Watertown, MA

    I worked at REIT Management and Research full-time for more than a year

    Pros

    Great benefits and opportunity for overtime

    Cons

    Not a lot of opportunity for career advancement

    Advice to ManagementAdvice

    Promote within

  9.  

    Very small IT group

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Network Operations  in  Watertown, MA
    Former Employee - Network Operations in Watertown, MA

    I worked at REIT Management and Research as an intern for less than a year

    Pros

    Some very good good people to work with. All the staff was knowledgeable and helpful.

    Cons

    Not the best way to develop your skill set as they do not indulge in the latest technologies.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Trying to do things right

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Shared Services Group  in  Newton, MA
    Current Employee - Shared Services Group in Newton, MA

    I have been working at REIT Management and Research full-time for more than 5 years

    Pros

    Entrepreneurial, growth oriented, opportunities abound. Employees just need to tap into this and try not to be overwhelmed by volume.

    Cons

    decision making can be slow

    Advice to ManagementAdvice

    allow and encourage managers to make decisions within their areas of expertise

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    AWFUL!!! DO NOT WORK AT REIT MGMT & RESEARCH!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Help Desk Technician  in  Watertown, MA
    Former Employee - Help Desk Technician in Watertown, MA

    I worked at REIT Management and Research full-time for more than 5 years

    Pros

    There really isn't any other than Bagels on Fridays....

    Cons

    RMR doesn't care about their employees. If you take one day of LTD, its their company policy to let people go.

    Advice to ManagementAdvice

    You need to clean shop and start with new staff. You need to work on the morale of your employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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