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Intern – Real Estate Development
2 months ago
Intern – Real Estate Development (Fall/Winter 2024-2025)
Are you passionate about shaping the future of real estate? Provident is on the lookout for a dynamic and motivated Real Estate Development Intern to join our innovative team.
As part of the internship, you will work alongside a talented group of real estate development professionals who will provide learning experiences to enable you to develop a broad understanding of the commercial real estate development experience. The intern will contribute to best-in-class research, assist with day-to-day responsibilities, and contribute to Provident initiatives.
Key Responsibilities:
- Assists with coordinating real estate development project tasks at all phases of the development process.
- Conduct company, property, and industry-specific research.
- Assists Business Development with all basic due diligence work on potential sites deemed generally viable for development purposes
- Provide support with current deals, including market surveys, proposal reviews and summaries, financial analysis.
- Assists with identifying site acquisitions; arranges for due diligence evaluations (i.e. title, environmental clearances, entitlement, etc.).
- Performs feasibility research on potential projects including pro forma analysis, market comparables, basic density assessments, and determining funding availability.
- Assists with coordinating local government review and approval processes for real estate developments.
- Collaborates with staff to ensure projects are completed on time and within budget constraints.
- Follows through on questions and requests from outside parties for documents and information on specific projects and general information
- Manage multiple projects simultaneously.
Qualifications:
- Currently enrolled as a Junior, Senior, or Graduate-level college student pursuing a degree in Real Estate Development, Finance, Economics, Community Development, or a related field.
- A basic understanding of financial modeling and analysis commonly used in acquisition work, and general knowledge of relevant accounting principles
- Proficiency with Microsoft Office Suite including Word, Excel, Outlook, PowerPoint, and real estate databases.
- Coachable, Driven, and Eager to learn
- Strong analytical, problem-solving, strategic planning, and project management skills.
- Strong communication and interpersonal skills.
- Ability to work independently and in a team environment.
Company Description:
Since its inception in 1991, Provident has developed over $5.5 Billion of real estate projects. We are disciplined and focused on executing deals that offer the best strategy for Provident and our investor partners. With over three decades of experience with opportunistic land development and vertical development in various key U.S. markets, our company thrives on an entrepreneurial spirit and an excellent track record of success.
Over the past 30+ years, Provident has executed a diversified real estate investment and development platform. Currently, the $2.9 billion portfolio includes product types such as multi-family, industrial, master-planned communities, hospitality, and data centers across the United States.
Under the leadership of Leon Backes and Jay Hawes, Provident is a respected, well-capitalized investment firm, that has thrived through three decades and multiple market cycles with foresight, depth of experience, and a unique ability to adapt to shifting demands, market trends, and challenging economic cycles. Provident is in constant pursuit of flexibility, innovation, and professionalism in its operations and investments. By maintaining a streamlined decision-making process, Provident is able to capitalize on fast-moving opportunities and rapidly adjust to dynamic market forces.
