Development Intern

Alliance Residential Company•Nashville, TN

1d•Onsite

About The Position

Working with other members of the Development team and independently as appropriate, Development Interns gain deep exposure to the multifamily development industry and Alliance’s business by participating in a broad range of activities including, but not limited to the following: Conduct general and specific market data research. Obtain real property information from public records. Site planning for yield analysis. Underwriting of potential opportunities. Research and organize sales comparison and market rent data. Identify, list and keep current on municipal development fees. Generate visual aids including but not limited to maps, charts and graphs for use in marketing and incorporating researched data. Participate in initial Budgeting process prior to removing contingencies during acquisition. Organize and categorize development guidelines for various municipalities, including general plan guidelines, zoning regulations and other guidelines/regulations critical to development. Any other tasks assigned or directed.

Requirements

Strong interpersonal skills with the ability to interact and relate effectively, productively, and positively with other Associates.
Ability to work independently with minimal supervision.
Exceptional verbal and written communication skills, organizational, and time management skills.
Knowledge of the key financial concepts and metrics as they relate to the multi-family real estate industry, including capitalization rates, internal rates of return, cash-on-cash returns and others.
Understanding economic indicators as they relate to valuing multi-family real estate.
Proficiency in Microsoft Excel, Word, Outlook, and Project is required.
Ability to have flexibility with working schedule based on business and deadline needs.
Ability to work a schedule during normal work hours and that may be other than Monday-Friday, 8-5.
Work in excess of 40 hours per week is likely.
Consistent, regular and in person attendance during regular working hours at the workplace is required.

Responsibilities

Conduct general and specific market data research.
Obtain real property information from public records.
Site planning for yield analysis.
Underwriting of potential opportunities.
Research and organize sales comparison and market rent data.
Identify, list and keep current on municipal development fees.
Generate visual aids including but not limited to maps, charts and graphs for use in marketing and incorporating researched data.
Participate in initial Budgeting process prior to removing contingencies during acquisition.
Organize and categorize development guidelines for various municipalities, including general plan guidelines, zoning regulations and other guidelines/regulations critical to development.
Any other tasks assigned or directed.