Intern, Development, Residential

US-NY-New York
Job ID
2062
Function
Development
60 Columbus Circle

Overview

At Related, summer internships offer students hands-on experience and a chance to work on challenging projects with some of the best minds in the business. The Related Internship Program not only places you within a specific project area, but also provides tours of our Manhattan portfolio, and exposes you to our multi-faceted lines of business through an outstanding executive speaker series.

This is an excellent opportunity for you to develop valuable contacts and obtain the type of hands-on experience that will benefit you as you make important career choices.

Responsibilities

Related's Development division showcases the company's dedication to quality by producing the world's finest real estate development portfolio. We create properties that attract investors, tenants, residents and partners who appreciate our extraordinary work, as well as our long-term ownership commitment. From New York to California, from multifamily properties to Time Warner Center, our Development division has been acknowledged for setting the standard for excellence in our industry.

 

The Development Intern will be responsible for supporting the development team at New York Development in all aspects of their projects including: financial analysis and modeling, due diligence, zoning, legal oversight, budgeting, design, construction, and leasing. 

 

  • Perform financial analysis and due diligence for new investment opportunities
  • Assist with all aspects of a development: financing, entitlement / government approvals, public relations, design, leasing / marketing, and construction
  • Assist in preparing business plans, including annual operating plans, financial forecasts and strategic plans
  • Manage detailed municipal filings for various development related programs, such as municipal financing applications and real estate tax abatements
  • Monitor construction costs, budgeting, and the timeline of deliverables
  • Research and analyses: Benchmark retail activity in target markets by tracking rents, sales per SF, operating costs, competitive supply and retailer expansion activity
  • Minimize exposure and risk on various projects
  • Effectively communicate relevant project information to superiors

Qualifications

Our ideal candidate will be a first year graduate student with the following skills:

 

  • Excellent quantitative and analytical skills; expertise with excel
  • Keen Attention to Detail
  • High Energy; Possessed with Drive
  • Strong Organizational Skills
  • Excellent professional demeanor with the ability to work with a wide range of levels of management
  • 2 years of relevant experience in corporate finance or real estate analysis
  • A strong passion for real estate development
  • Real Estate focused degree/curriculum
  • Authorization to work permanently in the U.S.

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