About The Position

The summer associate's primary responsibility will be involved with all aspects of real estate development. Will have the opportunity to work on financial modeling/underwriting of prospective investments and developments, coordination of due diligence, lease analysis, dispositions and fund contributions. Summer associates may also respond to Request for Proposals, input and update project information in the ELITE system, communicate/prepare financials and approval packages for the Investment Committee, and direct research projects.

Requirements

  • Currently pursuing an MBA or master's degree in real estate or similar with a graduation date of spring/summer 2027
  • Bachelor's degree in business, finance, real estate or equivalent
  • Excellent proficiency with Excel and her appropriate analytical software
  • Ability to define problems, work with mathematical concepts/data, establish facts and draw valid conclusions
  • Strong verbal/written communication and presentation skills
  • Consistent record of providing excellent internal and external customer service

Responsibilities

  • Sourcing new acquisition opportunities and new investment sponsors by cultivating and maintaining relationships (e.g., brokers, capital partners, design consultants, legal professionals, and trade organizations)
  • Preparing and analyzing financial documents, budgets, and leases for prospective and existing development projects through the creation of discounted cash flow models used for acquisitions and dispositions
  • Negotiating contracts including environmental review, structural proposals, tenant leases and credit, financing, survey and title review, , operating expenses, and income reports
  • Managing closing statement preparation and physical asset valuations in the underwriting and due diligence process
  • Maintaining proficiency on submarkets by collecting, reviewing and verifying market information and supporting assumptions used in financial projections.
  • Review rental rates, vacancy rates, historic absorption rates, cap rates, current and future competition, demographic statistics, leasing information and other local market data as vital
  • Participate in the preparation of investment documents by summarizing potential acquisitions and dispositions for Investment Committee approval and subsequent closing of deals
  • Reviewing, commenting, and tracking all external consultant due diligence reports
  • Coordinate with Property Management on requirements including operating expenses, real estate taxes, parking income and expenses, and other management issues that could affect development
  • Coordinating with Investment Sales / Capital Markets on the marketing and sale of stabilized projects
  • Collaborate with external clients, capital partners, investors, lenders and internal team, ensuring fast response time for all prospective developments and third-party sponsors

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What This Job Offers

Job Type

Full-time

Career Level

Intern

Number of Employees

5,001-10,000 employees

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