(includes Part-Time & Full-Time Internships)
This position will work closely with the Analyst and Senior Associate, support the investment and asset management team to underwrite and asset manage development and renovation projects. This hands-on position is geared towards a candidate who is demonstrate strong interest in real estate, detail-oriented, highly-motivated, self-starter, reliable, and juggle multiple tasks at once. The candidate will be exposed to all aspects of real estate investment and development. The firm offers great opportunity to learn and grow.
Scope of internship includes but not limited to:
- Assist in conducting market analysis and compiling data from various sources such as AxioMetrics and cold-calls
- Assist in preparation of internal asset management and investment reporting
- Assist in the review of Sponsor provided project status materials
- Assist in financial modeling in excel
- Assist in assessment and due diligence on acquisitions
- Update and optimize marketing materials
- Occasional participation in leasing/construction/operational meetings/calls
Qualifications:
- Relevant experience preferably with real estate companies
- Understanding of basic real estate and financial terms
- Proficiency with Microsoft Office suite, must be proficient in Excel
- Excellent written and verbal communication skills
- Excellent time management and organizational skills, ability to handle multiple tasks simultaneously in an entrepreneurial environment
- Self-starter, diligent and reliable worker, team player
- Bachelor’s Degree in real estate, finance or math/engineering, or 1st year Graduate Degree
Benefits:
- Stipend for work transportation and meals
- Work hours (Part-time & Full-time), minimum 6 hours a day. Able to commit approximately 20 hours per week for part-time internship
Internship/Volunteer Option:
- The role is listed as an internship because it’s the student’s choice. Academic credit for internship available upon application.
- Many universities have an independent study program or courses to help accommodate course credit for internships.
- The course is likely 1-4 units based on the number of hours expected inside and outside the class per week. For example, a one-unit internship would mean a commitment of one-hour meeting per week and 1 hour of work per week.
- You likely need to get a professor at your university to sponsor your independent study. The purpose of this professor will be to approve the internship scope, activities, and goals and to help ensure that you are meeting those goals and that employers are not taking advantage of your time. Many business professors would be happy to sponsor you if you come into a meeting with them with a proposal prepared. We will be happy to help you design that proposal.
- Some universities do not require a professor to sponsor you, but they may require the direct supervisor of the employer to have a Master’s degree. Our senior executives have MBA, which will satisfy that requirement.
- In the case of universities with this mechanism in place, unique considerations may have to be created, and we are happy to speak with your career advisor about accommodating your school’s systems and protocols to get you the credit you deserve.
Unpaid vs Paid Internship
(FLSA Compliance Notice according to USDOL Factsheet #71)
- The extent to which the intern and the employer clearly understand that there is no expectation of compensation. Any promise of compensation, express or implied, suggests that the intern is an employee—and vice versa.
- The extent to which the internship provides training that would be similar to that which would be given in an educational environment, including the clinical and other hands-on training provided by educational institutions. YOU WILL BE GIVEN REAL LIFE TASKS AND THERE IS A DEFINED 90 DAY PROGRAM. IF YOU ESTABLISH A FORMAL INTERNSHIP FOR CREDIT, YOU WILL BE GIVEN A GRADE.
- The extent to which the internship is tied to the intern’s formal education program by integrated coursework or the receipt of academic credit. SEE ABOVE
- The extent to which the internship accommodates the intern’s academic commitments by corresponding to the academic calendar. THIS IS LEFT UP TO THE STUDENT TO DEFINE.
- The extent to which the internship’s duration is limited to the period in which the internship provides the intern with beneficial learning. THIS IS LEFT UP TO THE STUDENT TO DEFINE.
- The extent to which the intern’s work complements, rather than displaces, the work of paid employees while providing significant educational benefits to the intern. THE INTERN’S WORK COMPLEMENTS THE ROLE OF THE ANALYST BECAUSE THE EXPERTISE DESIRED IS LARGELY DRIVEN BY INTEREST AND FUTURE CAREERS WHICH RESULTS IN SIGNIFICANT EDUCATIONAL BENEFIT
- The extent to which the intern and the employer understand that the internship is conducted without entitlement to a paid job at the conclusion of the internship. THE INTERN IS NOT ENTITLED TO A JOB AT THE CONCLUSION OF THE INTERNSHIP.
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