Espen Thoegersen '00 (BBA)
UK Roundup: Burnham-Moores Center Grads Live, Work Abroad in London
While Burnham-Moores Center grads have made their mark upon the San Diego real estate industry, they are also filling the real estate ranks in another international city: London, England. Currently three graduates, Alexandra Bryant, Kyle Moran and Espen Thoegersen, are living and working in real estate in London. The Burnham-Moores Center recently caught up with the Espen Thorgersen.
USD grad Espen Thoegersen is currently an associate at RREEF in London. Thoegersen, who originally hails from Oslo, Norway came to the United States in 1995 to attend USD and graduated in 2000. After working in New York and San Francisco, Thoegersen made the leap back across the pond to London, where he has lived since the summer of 2006. He now works for RREEF Opportunity Funds, a subsidiary of Deutsche Bank, where he is responsible for "originating and underwriting value-added and opportunistic deals across all of Europe."
Thoegersen says that the lack of standardized real estate practices across Europe makes conducting business difficult, as different jurisdictions have different tax and legal structures. Despite the challenging legal and business environment, big deals are being made. Thoegersen, for example, is part of a five-person team in the midst of a €5 billion real estate transaction in continental Europe.
Thoegersen echoes Moran's sentiments about London's "work hard-play hard" work culture, which contrasts that of the United States—where typically 'play hard' generally isn't considered as important. In Europe, Thoegersen says: "It's actually accepted to take a day off every now and then."