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RCLCO Reviews

18 reviews

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4.0
Star Star Star Star Star
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Gadi Kaufmann
8 Ratings

18 Employee Reviews

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  1. "Things could not get better"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at RCLCO full-time (Less than a year)

    Pros

    I am here less than a year and I sometimes wonder why did not I join this place earlier. Yes, that is exactly how I feel about this place.

    This is a small company with offices in 4 US metros, Washington DC and Los Angeles being their biggest presence. Why this place is so unique? We get to work with the best minds of industry and outside, majority from top notch colleges in US. Right from Associate to VPs, Managaing Directors and CEO - we all collaborate our ideas, we have ample opportunities to present ideas and if liked, we are given full responsibility to implement those.

    The CEO, Gadi, a great visionary and he never fails to appreciate even a minuscule achievement.

    Compensation is great, if one can perform, there is no limit to excel.

    It's a fun environment too. Lots of themed days and office gatherings make things even more special. I always feel at ease here and strive to achieve more.

    Cons

    Health Insurance package could be improved.

    Advice to Management

    Great going.


  2. Helpful (3)

    "Great first job, great experience."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Santa Monica, CA
    Former Employee - Senior Associate in Santa Monica, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at RCLCO full-time (More than a year)

    Pros

    As a hire straight out of college, I was exposed to a large variety of product types across multiple geographies (even got a site visit to Latin America!). I was very pleasantly surprised with the amount of responsibility I was given and the high profile of the projects I worked on. Projects I worked on often ended up in the LA Times; RCLCO is definitely the go-to firm for big projects in LA and employees reap the benefit of that status.

    RCLCO is a great place to learn about real estate. If you are hard working and motivated, you will be given a lot of responsibility very quickly. Opportunities for advancement are great; if you stick around for a few years and perform well, you can quickly make it to a management position. The culture in the LA office was awesome, my coworkers became great friends and working with people I liked so much made long nights much more bearable.

    If you are interested in real estate, this is a great first job. If you are interested in real estate and want to be in consulting, there is no better place to be. Working at RCLCO was an amazing experience, and I highly recommend it to fresh graduates.

    Cons

    Consulting isn't a long-term thing for everyone, so there is a lot of turnover. However, most people who choose to leave do so not because they are unhappy at RCLCO, but because they find opportunities elsewhere that better fit their long-term goals. I suspect this is just the nature of consulting.

    Hours can get long, especially when multiple deadlines fall within a few days of each other. It is really important to be realistic with your projections, and be willing to speak up and say no to projects when you don't have time.

    The focus on billable hours can make you feel like you're working for nothing when a project is already already budget.


  3. Helpful (1)

    "Great learning experience. Great people."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Austin, TX
    Former Employee - Project Manager in Austin, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at RCLCO full-time (More than 3 years)

    Pros

    RCLCO provides excellent growth opportunities, especially for people looking to start their career in real estate. As an Associate, I was exposed to a wide variety of land uses, project types, and clients. Working closely with senior management, (many with decades of experience), provides a learning experience that is uncommon for most entry-level positions in the industry. Compensation markedly improves as you progress to project management duties, and with that, more responsibility and autonomy.

    Promotion track is largely self-directed: if you show that you can do the work effectively, and think on your feet, promotions will come quickly. This is not a firm where "blending in" leads to success.

    If consulting is your passion, then RCLCO is a great long-term fit. If it is not your passion, the experience can easily be parlayed to a position with a variety of other real estate companies. The firm has a solid reputation in the industry, and will open doors for you going forward should you decide to move on.

    Cons

    -Work-life balance is challenging at times, especially when firm-wide work flow increases
    -Constant struggle between hitting your billable hours targets and being creative can lead to long-term challenges
    -Cross-office collaboration is also quite difficult, although this is probably an issue for all companies

    Advice to Management

    -Don't let the review cycle be the sole determinant of promotions, particularly for stand-out Associates
    -Team members seeking other opportunities with great companies reflects positively on the firm. There is no need to maintain secrecy about the subject
    -Clarify how billable hours are tied to compensation


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  5. "Challenging yet rewarding."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Los Angeles, CA
    Former Employee - Senior Associate in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at RCLCO full-time (More than a year)

    Pros

    Strong senior leadership, invested in their employees. Analysts will experience a variety of engagements across different aspects of commercial and residential real estate.

    Cons

    Limited duration of consulting engagements (nature of the business) means you may not see the implementation of your business plans or consideration of clients.

    Advice to Management

    Continue to seek out superior talent with hard finance/real estate skills to keep relevant in the industry.


  6. "Real Estate University"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate II in Washington, DC
    Former Employee - Associate II in Washington, DC
    Recommends
    Positive Outlook

    I worked at RCLCO full-time (More than a year)

    Pros

    - Chance to work with some very highly respected real estate minds. Daily interaction with managing directors provides unparalled learning opportunities
    - Assume a high level of responsibility even at the Associate level, really accelerating your growth
    - Real Estate University: really a great place to learn a lot about nearly every aspect of real estate. Highly recommended as an entry level real estate position no matter what your ultimate focus may be. Development or Investment, Retail/Office/Multifamily/Hotel/Single Family, Capital Markets/Market Research ... you can learn about all of these things at RCLCO
    - Light travel (few days a month on average)
    - Flexible (although sometimes long) work hours - The motto here is that the proof is in the pudding. Do great work and you will not be bothered about this. (at least in the DC office)
    - Competitive compensation. They will reward you QUICKLY if you prove capable.
    - Really dedicated human capital, especially for such a small firm. They really make you feel like you are invested in your future. 360 feedback, monthly phone calls with the Director of Consulting, and a firm wide retreat really help foster this

    Cons

    - Clear dichotomy between the haves and have nots at the associate level. Make sure you distinguish yourself early on in order to be considered a favored associate

    Advice to Management

    Work on creating a more equal mix of talent at the lower rungs so that all associates carry the same responsibilities


  7. Helpful (2)

    "Smart People...Low Morale"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Orlando, FL
    Former Employee - Associate in Orlando, FL
    Doesn't Recommend

    Pros

    You have the ability to learn a lot of valuable real estate information in a short time given the relatively small size of the firm. You also have the ability to work closely with well respected and intelligent executives on a weekly basis.

    Cons

    There are a lot of political hurdles to cross before advancing through the company. Many of the upper-level managers are abrasive and egocentric, which can make working with them frustrating. The business model is too tied to how the economy is doing, so there are significant layoffs in down times and overworked employees in the prosperous times.

    Advice to Management

    Thy to be more forward-thinking in terms of recruiting. If the company is operating at a loss, why continue hiring if those new hires will face layoffs a few months down the road?


  8. Helpful (4)

    "The work is interesting, the people are great, but no one is ever happy."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consultant in Atlanta, GA
    Former Employee - Senior Consultant in Atlanta, GA

    Pros

    Learning the real estate business inside and out. Exposure to high level decision makers in real estate companies, both large and small. You can earn your own advancement and do not have to wait for a position to open.

    Cons

    Low morale is a constant - whether things are busy or whether it is not busy it seems like no one is ever very happy working there.

    Advice to Management

    Look out for the people not just the bottom line. It seems as if few people are ever truly happy working there. The work is interesting but the management is always trying to squeeze the most out of the workers without offering meaningful experiences to round out the work environment.


  9. Helpful (1)

    "RCLCO is a great place to work if market analysis is your passion."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Bethesda, MD
    Former Employee - Associate in Bethesda, MD
    Recommends

    Pros

    Fantastic people and great environment in which to learn about the real estate industry. The people right at the top are true experts in the field and they have a real open door policy, even if the higher ups are sometimes too busy to take you by the hand. If you're a go-getter you can really get ahead as the onus is on you to prove yourself. Convenient location right off the metro and a promote from within philosophy.

    Cons

    You definitely have to pay your dues to advance, but that's no different then anywhere else. RCLCO is a niche firm very tied to market cycles, so when the real estate market is down - so are your job prospects. Everything is about billable hours, so when the pipeline is low, be sure not to be the one sitting on your hands. On the flip side, when things are busy, you can easily get overloaded if you are not truthful with yourself and others about your time.

    Advice to Management

    Working with the top brass should be something to be aspired to, not feared.


  10. Helpful (5)

    "Senior Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at RCLCO full-time

    Pros

    Lots of exposure to multiple projects, asset classes and geographies in a short amount of time.

    Cons

    Blisteringly high turnover rate. Consulting is not for everyone, but many are gently shown the door (aka fired) once management decides they have no future with the company.

    Advice to Management

    Encourage a better work-life balance. Don't burn through people at such a high rate.


  11. "Summer Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Working here gave me a lot of insight and knowledge into the real estate industry. I got way better at using excel and also learned what it means to think analytically. The firm is full of very smart and hard working people which provides for a learning environment. Additionally, most projects will only last a couple of months which is great if you get a project you don't like.

    Cons

    Everyone is always "doing their thing" and collaboration doesn't really seem to exist outside of scheduled phone calls and meetings. Although the projects are taken on as a team, collaboration could be improved.

    Advice to Management

    Improve the teamwork environment as some people actually enjoy working in teams.


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