Lauren Leach: Career Tips from a Senior Female Executive in Commercial Real Estate – The Glass Hammer
Lauren Leach wrote an article for The Glass Hammer titled “Career Tips from a Senior Female Executive in Commercial Real Estate.”
For women considering a career in commercial real estate, consider restructuring as the opportunities are vast and varied and sure to offer challenges and fulfillment.
This is a field with a surprising shortage of women. I have always viewed being a woman as an advantage. It means you are more likely to get noticed in a professional situation. As such, it is imperative you are prepared and have the skill set and knowledge to communicate and execute effectively once you are noticed.
It was a circuitous route that brought me to my career. A summer internship changed the professional trajectory of my life. I was working on my psychology degree at the University of Michigan when a family friend suggested I explore real estate. Intrigued, that summer I secured an internship at a prestigious global commercial real estate brokerage and began building the foundation for my career.
I found the commercial real estate industry so compelling in large part because of the high-risk, high-reward nature of the business, which has a variety of subsets that allow me to constantly expand and hone new skills. Real estate, unlike some other asset classes in a commercial portfolio, provides a platform to truly measure value and witness tangible progress in the form of brick and mortar. In today’s tumultuous environment, my skillsets and experience in this area are in great demand.
Now, I specialize in restructuring distressed commercial real estate properties. My focus changed to distressed real estate from the brokerage side of the business to embrace new challenges. Working as a broker during the Great Recession provided a fierce and up close look at the volatility of the commercial real estate market. That volatility has perhaps never been more evident than in recent years.