Intern – Real Estate Valuation Services – 2027 – (Hybrid)
About The Position
Andersen offers comprehensive valuation services with thorough, independent analyses together with superior client service and responsiveness. Our real estate valuation and consulting services are used by private equity firms, REITS, investment management companies, and individuals for a variety of purposes including management planning, financial reporting, gift and estate tax planning, bankruptcy proceedings, litigation support and others. As a member of Andersen's real estate valuation team, you will have the opportunity to gain experience and insight into the commercial appraisal and real estate consulting industry. This is a great opportunity for you to learn about overall market trends and property specific factors that drive commercial real estate values locally, regionally nationally and internationally. In addition, you will learn how to reconcile between the thee common valuation methodologies in appraisal practice, research comparable sales and leasing data, analyze property specific income and expense statements, review lease agreements and learn about all the inputs to prepare discounted cash flow models for a myriad of property types.
Requirements
- Must be pursuing a Bachelor of Science degree in Real Estate, Finance, Economics, Accounting or related field with a minimum 3.2 GPA.
- Eligible students should be in their 3rd year of a 4-year degree program or in their 4th year of a 5-year degree program. Interns typically join us during the winter/spring or summer prior to their intended graduation year
- Must be proficient in MS Excel (v-lookups, pivot tables, index match)
- Must have strong verbal and written communication skills; comfortable speaking with market participants (i.e. brokers, buyers, sellers, etc.)
- Candidates should have had exposure to business writing and possess a strong literary and grammatical competency
- Applicants must be currently authorized to work in the United States on a full-time basis upon hire. Andersen will not consider candidates for this position who require sponsorship for employment visa status now or in the future (e.g., H-1B status).
Nice To Haves
- Familiarity and or experience building Discounted Cash Flow Models for different property types (e.g. industrial, retail, multifamily, mixed-use, hotels, etc.) is a plus
- Previous experience working with Argus Enterprise, Costar Realty, REIS, and RealQuest is a plus
- Previous experience preparing appraisal reports and/or performing appraisal reviews is a plus
Responsibilities
- Perform market research using third-party databases and assist in verifying transaction data that will be utilized in appraisal reports as well as real estate consulting engagements for the firm's clients
- Assist in preparing cash flow models (via Excel & Argus Enterprise) that utilize assumptions supported by market research and comparable data
- Learn about the three common valuation methodologies (i.e. Cost, Income, Sales Comparison Approach) and how to apply when appraising commercial real estate and reconciling between multiple value conclusions
- Assist in writing appraisal reports and restricted reports that are compliant with the latest USPAP standards.
- Receive hands on real estate valuation training, direct feedback from industry leaders, and the opportunity to attend real estate networking events and conference
Benefits
- Hourly rate range for this role is $38.00 to $45.00 per hour
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What This Job Offers
Job Type
Full-time
Career Level
Intern
