Development Intern jobs in United States
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Acadia Realty Trust · 3 months ago

Development Intern

Acadia Realty Trust is a fully-integrated real estate investment trust headquartered in Rye, New York. They are seeking a qualified intern to assist in their Development department, providing support across various development and redevelopment initiatives while gaining exposure to financial and physical project aspects.

Real Estate
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Responsibilities

Track and report on the status of assets currently under development and re-development, by monitoring estimated completion dates and budgets and understanding any changes to current projections
Assist in the creation and maintenance of property-level financial models
Assist in lease analysis including yield, payback, NPV, and other metrics
Compile property-level information, analyze data, and prepare summary reports
Perform market research and assist with various ad-hoc research projects
Support preparation of internal presentations and investment committee materials
Attend construction and development meetings, take meeting minutes, and coordinate or follow up on miscellaneous items

Qualification

Financial modelingMicrosoft ExcelCommercial real estateData analysisMulti-taskingCommunication skillsSelf-motivated

Required

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

Preferred

Highly Self-motivated
Ability to prioritize challenging work schedule/multi-task
Strong written and verbal communications skills
Proficient in Microsoft Office, particularly Excel
Pursuing degree in related area including commercial real estate
Demonstrated ability to run financial models through Excel and Argus

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