Real Estate Development Associate
4 days ago
We are seeking a highly motivated and detail-oriented Summer Associate to join our Real Estate Development team.
Responsibilities:
- Conduct financial analysis and due diligence for new investment opportunities, including reviewing financial statements and market trends.
- Assist with all aspects of development, from entitlement and government approvals to design, construction, and leasing.
- Support the team 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 to ensure projects are completed on time and within budget.
- Perform research and analysis to benchmark trends in target markets by tracking rents, sales per SF, operating costs, competitive supply, and expansion activity.
- Minimize exposure and risk on various projects by identifying and mitigating potential issues.
- Effectively communicate relevant project information to superiors and stakeholders.
Qualifications:
- First-year MBA or Master's student with a target graduation date of Spring 2026.
- Actively pursuing a graduate degree in Real Estate.
- A strong passion for real estate development.
- 2+ years of relevant experience in corporate finance or real estate analysis.
- Demonstrates clear and concise communication skills, both verbally and in writing.
- Excellent quantitative and analytical skills, with advanced proficiency in Microsoft Excel.
- Exhibits a strong understanding of technical skills and job-specific knowledge.
- Self-starter with a proactive approach to tackling tasks and challenges.
- Ability to navigate ambiguity and adapt to new challenges in a dynamic work environment.
Compensation:
- The hourly rate for this position is $70/hr.
Related Company:
Formed in 1972, Related Company is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related Company owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan's West Side.
Related Company believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related Company works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business.
Program Overview:
Our 10-week internship program provides students with the opportunity to work on critical projects integral to our team's success. Interns work alongside some of the best minds in Real Estate, in an innovative, fast-paced environment and are expected to approach tasks and projects with dedication and initiative. Our internship program connects students with industry leaders and provides foundational real estate knowledge through a speaker series and networking events. We focus on accelerating growth with hands-on professional development and training. Recognizing that real estate thrives on relationships, we create an engaging experience with volunteering, portfolio tours, and intern-led activities, all designed to build collaboration and a connected cohort.
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