My bottom line advice to anyone considering working for Rex is to run away as fast as possible, especially if you’re looking at jobs in their real estate private equity or tech groups. The Rex senior management team is uncommunicative, impatient, short-sighted, and impulsive. And they make very poor decisions. They offer zero transparency about their plans for the company, nor about strategic direction. They have also grossly miscalculated real estate capital markets trends, and have been scrambling to raise capital for their new deals, resorting to cold calling thousands of investors.
There are a few reviews on this site that seem to be planted by company insiders, commenting on how the company is fast-paced and always changing, and that people who are slower/hesitant to change ways will find the company frustrating.
Nonsense. The people they hire are quality people, but they’re left hanging out to dry by senior management. There’s a reason there’s a constantly revolving door of people at the company, and it’s not because those people were afraid of change or couldn’t work at a fast pace. It’s because management, particularly in the real estate private equity and tech groups, doesn’t know what they’re doing. They also refuse to engage with deeper pocketed investors, because they don't want to let those investors have a say in how the properties are managed. But not engaging with larger investors makes it hard for the company close deals, to raise capital, and to grow their real estate portfolio.
In tech, they have built a handful of “companies” (more like products) that haven’t scaled or even acquired new customers in years.
One more thing to add. Senior management is cheap. They want most of their employees to be in the Austin area, but they refuse to pay for office space and maintain an outdated work from anywhere policy. Meanwhile, collaboration, mentorship, communication, and transparency all suffer.
In short, Rex hires great people, but they put them in a position to fail.
