Lease Administration Intern jobs in United States
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Acadia Realty Trust · 4 months ago

Lease Administration Intern

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth. They are currently seeking a qualified intern to join their Lease Administration team, participating in tenant interactions and supporting various leasing processes.

Real Estate
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Responsibilities

Assist in all phases of tenant accounts, billing and collections
Preparation and billing of periodic Common Area Maintenance (CAM), Real Estate Tax (RET) and Insurance (INS) reconciliations
Regular monitoring of tenant accounts, including tenant contact information and account status
Communicating between departments in regards to possible resolution of tenant disputes
Daily application of payments from the tenant Lock Box, bank deposits and wire transfers
Process rent increase letters and monthly statements
Assist in creating, renewing, vacating and expiring leases in our financial database (MRI)
Be a liaison between tenant and landlord as well as an inter-departmental conduit between acquisition, development, legal, leasing, construction, accounting and property management teams
Assist in handling all building and tenant improvements and the required lease documentation
Assist with various tasks related to managing the Acadia annual real estate tax expenses and tax appeals process including annual NYC filings

Qualification

Lease negotiationsTenant account managementMicrosoft ExcelCommunication skillsMulti-taskingSelf-motivated

Required

Must be enrolled in a college degree program at an Accredited Institution, business or communication a plus
Must have completed junior year of college
Must be able to work onsite in Rye, NY
Ability to work 40 hours per week
Must have a GPA of 3.0 or above
Must have unrestricted work authorization in the US without a visa or sponsorship

Preferred

Highly Self-motivated
Ability to prioritize challenging work schedule/multi-task
Strong written and verbal communications skills
Proficient in Microsoft Office, particularly Excel

Benefits

401(k) Retirement Savings Plan Eligibility Interns are eligible to participate in our 401(k) retirement savings plan, offering a head start on long-term financial planning.
Daily Stipend for Lunch
Pre-Tax Commuter Savings
Convenient Commute from NYC with Shuttle Service to/from Harrison Metro North Station to Rye Office Campus
Dedicated Mentorship Each intern is paired with a dedicated mentor who provides guidance, feedback, and career development support throughout the program.
Immersive Industry Experience Interns gain comprehensive exposure to the commercial real estate industry through: Cross-functional team engagement, Onsite property tours for real-world context, A collaborative, hands-on group project, Direct access to CEO and senior leadership team

Company

Acadia Realty Trust

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Acadia Realty Trust (NYSE: AKR), is a REIT specializing in the acquisition, re-development and operation of retail.

Funding

Current Stage
Public Company
Total Funding
$1B
2024-09-30Post Ipo Equity· $116.25M
2024-04-15Post Ipo Debt· $750M
2024-01-08Post Ipo Equity· $115.58M

Leadership Team

K
Kenneth F. Bernstein
President, CEO
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D
David Buell
Senior Vice President, Chief Accounting Officer
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Company data provided by crunchbase