Real Estate Intern

Extra Space Storage • Salt Lake, UT

1d • Onsite

About The Position

Our Real Estate Intern gathers and analyzes information needed for possible investments and real estate acquisitions. They will assist in delivering preliminary reviews and interpretations of potential acquisitions and formulate the findings into reporting protocols used by the company. They’ll be able to work on a variety of different projects within our real estate department.

Requirements

• Attained or currently pursuing a bachelor’s degree in real estate, finance, or a closely related field
• Avility to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Applies concepts such as fractions, percentages, ratios, and proportions to practical solutions
• Proficient with Microsoft Excel, Word, and related software packages
• Defines problems, collects data, establish facts, and draw conclusions
• Solves practical problems and deals with a variety of concrete variables in situations where only limited standardization exists
• Responds to questions from groups of managers, clients, and customers
• Effectively presents information
• Interprets general business periodicals, professional journals, technical procedures, or governmental regulations

Responsibilities

• Reviews financial statements and prepares preliminary valuation of real estate assets
• Assists in the evaluation of investment returns based on cap rates, discounted cash flows, use of leverage and Illustrate trends and possible risks of potential opportunities
• Develops underwriting and modeling for potential market strategic opportunities
• Reviews financial and operational due diligence materials for acquisitions
• Aids with the development of Operations’ department budgets for properties under contract and reconciles with original underwriting
• Prepares and assembles proration information for closings and verify accuracy of closing statements
• Performs post-closing reconciliations
• Assists with a variety of ad-hoc projects

What This Job Offers

• Career Level: Intern