Development Intern

The Michaels Organization • Camden, NJ

3d • Onsite

About The Position

The Michaels Organization is seeking Real Estate Development Interns to apply their coursework in a real-world setting. Interns will assist the Development team with a wide range of responsibilities, working on real projects and gaining experience in the real estate business. The internship is based at the organization’s Camden, New Jersey headquarters, five days per week, with a Monday-through-Friday schedule from 9:00 AM to 5:00 PM, totaling 35 hours per week.

Interns will collaborate with the Development department on pre-development activities, including analysis of proposed multifamily real estate developments that qualify for low-income housing tax credits. They will contribute to the underwriting, pursuit, closing, and delivery of multiple affordable housing projects and assist Vice Presidents of Development with special projects. The program also provides opportunities to learn from experienced team members and leaders, participate in company and department meetings and events, and take part in social, professional, and networking activities.

Requirements

• Be progressing toward a bachelor’s degree; Finance, Economics, Real Estate, or another quantitative or business-related field is preferred but not required.
• Have strong problem-solving skills and a desire to apply them meaningfully.
• Demonstrate intellectual curiosity and a desire to learn about the business and new tools and skills.
• Have excellent time-management and organizational abilities.
• Demonstrate a diligent work ethic and willingness to work in a fast-paced environment that balances independent work and team collaboration.
• Have strong analytical, research, financial-modeling, and presentation skills using Microsoft Excel and PowerPoint.
• Have knowledge of financial modeling, cash-flow analysis, and sensitivity analysis using NPV and IRR.

Nice To Haves

• Progress toward a bachelor’s degree in Finance, Economics, Real Estate, or another quantitative or business-related field.

Responsibilities

• Collaborate with the Development department on pre-development activities.
• Analyze proposed multifamily real estate developments that qualify for low-income housing tax credits.
• Contribute to underwriting, pursuit, closing, and delivery activities for affordable housing projects.
• Assist Vice Presidents of Development with special projects.
• Participate in company-wide and departmental meetings and events.

What This Job Offers

• Career Level: Intern