APFC External Partner Intern - L&B Realty Advisors

Alaska Permanent Fund Corporation•Dallas, TX
•Onsite

About The Position

L&B Realty Advisors is seeking a summer intern for a rotational program that provides exposure to accounting, asset management, portfolio management, research, human resources, and IT. The intern will gain experience with the roles of these departments while supporting investment and property-related work. The internship is located at the firm’s corporate office in Dallas, Texas, and runs from May 26 through August 13, at 29 hours per week. L&B Realty Advisors is a Dallas-based real estate investment advisor with approximately $9 billion in assets under management. Founded in 1965, it provides real estate investment management services to institutional investors and high-net-worth individuals, as well as independent fiduciary, financial advisory, and owner representation services. L&B is an Equal Opportunity Employer and practices Diversity, Equity, and Inclusion. L&B will pay for transportation to and from Dallas. The candidate is responsible for housing.

Requirements

  • At least 90 credit hours at an accredited institution.
  • Working toward a Master’s degree or BBA (or equivalent), with an emphasis on Real Estate, Finance, Economics, or Accounting.
  • Overall GPA of 3.25 and GPA of 3.5 in the major field of study.
  • Strong analytical and organizational skills.
  • Self-starter with a can-do attitude and ability to learn quickly.
  • Deadline-driven and able to work under pressure.
  • Detail-oriented with the ability to multitask.
  • Excellent verbal and written communication skills.
  • Proficiency with Microsoft Office products, including Outlook, Word, Excel, and PowerPoint.
  • Good working knowledge of basic accounting and finance terminology.

Nice To Haves

  • Familiarity with Argus software or valuation models.

Responsibilities

  • Review property reports, including 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, including initial feasibility analysis and debt financing transactions.
  • Work with analysts to update and maintain the database for 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 HR to understand its role within the organization.
  • Work with the IT team to understand its role within the organization.

Benefits

  • Transportation to and from Dallas, Texas is paid by L&B Realty Advisors.
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