Prometheus Summer Internship - Asset Management
About The Position
Prometheus Summer Internship Program is a paid program that will provide you with an inside look at the real estate operations of Prometheus, the largest private owner of multi-family properties in the Bay Area. The internship is intended to provide a unique opportunity to earn valuable experiences by working directly with the department managers on a daily basis. Your responsibilities will focus on providing assistance to your immediate department in the execution of daily tasks and support of internal and external customers by collaborating with others on providing outstanding service to our Prometheans, Neighbors, and Vendors. Areas of learning will include becoming familiar with varying types of real estate transactions and their associated documents, and cross-functionality in a diverse working environment. This role will require you to work up to 40 hours per week, for a duration of 9-12 weeks. As our Prometheus Asset Management Intern , you will focus on developing an understanding of the following core competencies of our operations: Leasing & Strategy You will shadow an Asset Manager during weekly and bi-weekly Leasing & Strategy calls with On-Site leasing teams You will shadow an Asset Manager during daily pricing and rate acceptance to understand inputs as they relate to leasing & strategy planning You will tour Prometheus-owned properties collaborating with On-Site teams to collect data used in leasing and strategy decisions You will shop competitors to gather data that informs leasing & strategy decisions Reporting & Analysis You will assist with scheduled weekly, monthly, and quarterly report preparation as they relate to our asset management platform You will assist with scheduled weekly, monthly, and quarterly data gathering as it relates to acquisition and development underwriting efforts for current and prospective projects You will assist in benchmarking portfolio performance, calculating ROIs for future and existing repositioning efforts You will assist in ad hoc modeling to support decision-making and strategy development Due Diligence You will assist with coordinating and procuring due diligence requests as the relate to lender requirements, third party consultants, and acquisition and development underwriting efforts Other Over the course of the internship, you will create a capstone presentation that you will present to the executive team along with the other interns in your cohort
Requirements
- Currently enrolled in an accredited university with a sophomore, junior or senior standing
- Must have strong analytical skills, be detail oriented, and adept at working with and analyzing data
- Passionate for the Real Estate industry and are proficient in Microsoft Office Suite, specifically Microsoft Excel
- Team Oriented, Communicator, Entrepreneurial, Passionate, Self-Starter, Creative, Principled, and Brand Ambassador.
Responsibilities
- Shadow an Asset Manager during weekly and bi-weekly Leasing & Strategy calls with On-Site leasing teams
- Shadow an Asset Manager during daily pricing and rate acceptance to understand inputs as they relate to leasing & strategy planning
- Tour Prometheus-owned properties collaborating with On-Site teams to collect data used in leasing and strategy decisions
- Shop competitors to gather data that informs leasing & strategy decisions
- Assist with scheduled weekly, monthly, and quarterly report preparation as they relate to our asset management platform
- Assist with scheduled weekly, monthly, and quarterly data gathering as it relates to acquisition and development underwriting efforts for current and prospective projects
- Assist in benchmarking portfolio performance, calculating ROIs for future and existing repositioning efforts
- Assist in ad hoc modeling to support decision-making and strategy development
- Assist with coordinating and procuring due diligence requests as the relate to lender requirements, third party consultants, and acquisition and development underwriting efforts
- Create a capstone presentation that you will present to the executive team along with the other interns in your cohort
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What This Job Offers
Career Level
Intern
Education Level
No Education Listed
Number of Employees
501-1,000 employees
