Asset Management Intern

April Housing•Los Angeles, CA

18h•$25 - $25

About The Position

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner. April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations. In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents. AM Intern As of the date on which this job advertisement is posted, the Company anticipates that the base hourly range for this role is $25/per hour (undergrad) - $30/per hour (rising senior). We seek a highly motivated and enthusiastic individual to join our Asset Management team as a Summer Intern. As an intern, you will have the unique opportunity to gain insights into asset management strategies and operational processes within the affordable housing industry. This internship is designed to provide you with hands-on experience in both areas and contribute to real projects that impact our clients and business operations.

Requirements

Currently pursuing a Bachelor's or Master's degree in Finance, Economics, Business, or a related field.
Strong academic record with a genuine interest in asset management and operational processes.
Excellent analytical and quantitative skills, with the ability to interpret financial data and perform detailed research.
Proficiency in Microsoft Excel and other financial analysis tools.
Effective communication skills, both written and verbal.
Ability to work well in a team environment and collaborate with cross-functional teams.
Attention to detail and strong organizational skills.
Demonstrated initiative, self-motivation, and a willingness to learn.

Responsibilities

Collaborate with senior team members to analyze client portfolios, assess risk levels, and recommend appropriate work plans.
Participate in preparing presentations, reports, and performance summaries.
Contribute to developing financial review models and tools to support operations performance on key drivers.
Monitor and track the performance of existing assets, making recommendations for adjustments as needed.
Support the team in identifying and evaluating potential solutions for action plans across different asset classes.
Assist in conducting due diligence on property managers.
Contribute to the preparation of marketing materials and presentations for client meetings.
Assist in the coordination and execution of operational activities related to the portfolio.
Work closely with the operations team to ensure accurate and timely processing of reporting on operation metrics.
Collaborate with various internal departments to ensure seamless communication and coordination of operational processes.
Assist in maintaining accurate and up-to-date records for asset management and operations
Participate in reviewing and improving operational workflows to enhance efficiency and minimize risks.
Support the team in resolving any operational issues or discrepancies.
Gain exposure to regulatory compliance requirements and ensure adherence to industry standards.