APFC External Partner Intern - L&B Realty Advisors

Alaska Permanent Fund Corporation•Dallas, TX

8d•Onsite

About The Position

L&B Realty Advisors is seeking a summer intern for a rotational program that provides exposure to its different departments. The intern will work in accounting, asset management, portfolio management, research, human resources, and IT, gaining experience with each department’s organizational role. The internship is located at the company’s corporate office in Dallas, Texas, and runs from May 26 through August 13, with a schedule of 29 hours per week. L&B Realty Advisors is a Dallas-headquartered real estate investment advisor with approximately $9 billion in assets under management. Founded in 1965, the firm provides real estate investment management services to institutional investors and high-net-worth individuals, as well as financial advisory and owner representation services through its independent fiduciary function. The APFC External Partner Internship Program requires applicants to be enrolled at an Alaska university or be Alaska residents attending school in any state, pursuing a bachelor’s or master’s degree or to have graduated within the past six months, and to meet a minimum GPA of 3.0 or the external partner program’s preferred academic standing. Applicants must submit a cover letter and resume; the cover letter must state that they are applying through the APFC Partner Internship Program. The application period closes January 3, 2027. Transportation to and from Dallas is paid by L&B; candidates are responsible for housing.

Requirements

Complete at least 90 credit hours at an accredited institution.
Be working toward a Master’s degree or BBA (or equivalent), with an emphasis in Real Estate, Finance, Economics, or Accounting.
Have an overall GPA of 3.25 and a GPA of 3.5 in the major field of study.
Demonstrate strong analytical and organizational skills.
Be a self-starter with a can-do attitude and the ability to learn quickly.
Be deadline-driven and able to work under pressure.
Be detail-oriented and able to multitask.
Have excellent verbal and written communication skills.
Be proficient with Microsoft Office products, including Outlook, Word, Excel, and PowerPoint.
Have a good working knowledge of basic accounting and finance terminology.
Meet APFC program eligibility: be enrolled at an Alaska university or be an Alaska resident attending school in any state; be pursuing a bachelor’s or master’s degree or have graduated within the past six months; and meet a minimum GPA of 3.0 or the external partner program’s preferred academic standing.
Submit a cover letter and resume; the cover letter must indicate application through the APFC Partner Internship Program.

Nice To Haves

Familiarity with Argus software or valuation models.

Responsibilities

Review property reports containing financial and operating information for accuracy.
Assist with preparing reports for clients and consultants.
Review, edit, or write narratives for property-level reports.
Participate in calls with leasing and property management teams.
Support reviews of prospective tenants, including financial reviews, lease analysis, and lease negotiations.
Review valuation models and appraisals.
Track performance returns against benchmarks in Excel.
Provide analytical support for acquisition underwriting reviews, including initial feasibility analysis and debt financing transactions.
Work with analysts to update and maintain databases tracking performance returns and projections.
Use projected and historical performance-return data to identify trends that may inform future investment strategies.
Assist with research on investment strategies, including compiling, analyzing, and interpreting market research.
Help review tenants’ viability, creditworthiness, and financial condition.
Coordinate information between departments.
Work with Human Resources to understand its role within the organization.
Work with the IT team to understand its role within the organization.
Participate in rotations through accounting, asset management, portfolio management, research, human resources, and IT.