Real Estate Intern

Extra Space Storage • Salt Lake City, UT

272d

About The Position

At Extra Space Storage, what matters to you, matters to us! Join a company that cares about you. It is an exciting time to be at Extra Space. We have been featured on multiple 'Best Places to Work' awards, including Forbes and Glassdoor. We're an S&P 500 company that hasn't stopped growing since our founding in 1977. Today we are leading the self-storage industry in more ways than one, but in order to maintain this lead, we need exceptionally motivated, capable, and driven people like you. Self-storage is our product, helping people is our passion. Come grow with the largest self-storage company in the world and find out why so many of our employees recommend us as a great place to work. Job Summary 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
• Proficient with Microsoft Excel, Word, and related software packages
• Interprets general business periodicals, professional journals, technical procedures, or governmental regulations
• Effectively presents information
• Calculates 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
• Defines problems, collects data, establishes facts, and draws conclusions
• Solves practical problems and deals with a variety of concrete variables in situations where only limited standardization exists

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

Benefits

• Well defined career paths
• Great work/life balance and hybrid work schedule
• On-site fitness center
• Free soda, coffee, and snacks all day every day

What This Job Offers

• Career Level: Intern
• Industry: Warehousing and Storage
• Education Level: Bachelor's degree