Development Intern

AvalonBay Communities

3d

About The Position

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work. The Role As a Real Estate Development Intern, you will work closely with our development team, gaining exposure to aspects of the real estate development lifecycle, including site acquisition, financial analysis, permitting, design, deal making, construction, and marketing. This position offers the opportunity to develop critical skills in real estate analysis, negotiations, project management, and urban planning by working on real deals in our pipeline. This internship is ideal for someone who is motivated to learn, grow, and potentially transition into a long-term role within the organization.

Requirements

• Currently pursuing a Master's degree in Real Estate, Urban Planning, Business, Finance, or a related field.
• Strong interest in real estate development.
• Basic knowledge of real estate principles, including finance, construction, and market trends.
• Proficient in Microsoft Office Suite (Excel, PowerPoint, Word).
• Strong communication skills, both written and verbal.
• Ability to work independently and collaboratively in a team environment.
• Detail-oriented with excellent organizational skills.

Nice To Haves

• Prior experience in real estate, design or construction.
• Knowledge of local real estate market.
• Familiarity with financial modeling and investment analysis.

Responsibilities

• Assist in the financial analysis of potential development projects, including market research, cost estimations, and proforma modeling.
• Support the due diligence process by researching zoning, land use, and environmental requirements.
• Collaborate with team members in preparing presentations and reports for clients, investors, and stakeholders.
• Monitor project timelines, budgets, and documentation to ensure milestones are met.
• Help track project progress through site visits and coordinating with contractors, architects, and other team members.
• Assist with preparing applications for permits and other regulatory approvals.
• Conduct market research on industry trends, competitor activity, and local market conditions.
• Attend meetings with clients, stakeholders, and local government officials as needed.

Benefits

• Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.
• Growth based on achievement and promotion from within.
• Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
• A 20% discount on our incredible apartment homes.
• A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern