Real Estate Development Internship

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OVERVIEW OF POSITION: Are you a current college student with a high level of excel expertise interested in gaining real world experience in the field of multifamily real estate development? Our summer internship may be a great opportunity for you! Your skills will help us as we conduct feasibility analyses and complete financial pro-formas. When you become a Development Intern with Gables, you will develop our product while developing your future.

This position will ideally be based in our McLean, VA corporate office although some consideration will be given to remote work. Ideal candidate will be able to work part time or full time end of May-August.

Compensation: $25 hourly

RESPONSIBILITIES

Assist the Regional Development team in underwriting acquisition opportunities of existing apartment product.

Conduct feasibility analyses of deals, including detailed analysis of the market, comps, financial feasibility, land use issues and design. Collect and integrate detailed data to complete financial pro-formas.

Assist Regional Development team in coordinating all approvals and permitting for projects, working with the Civil Engineer and Legal Counsel.

Assist Regional Development team with financial and accounting functions for the project, including oversight of all project budgets, reviewing and approving all invoices for projects and coordinating with corporate-level finance and accounting areas on the generation of periodic financial statements and reports.

Stay abreast of market trends with regard to product design, product features, demographics and competitors’ activities, including maintaining a database of information relating to submarket development/construction pipeline data.

Education

A high school education or equivalent is required. Must be currently pursuing a Bachelor's or Master's Degree. The position does require the ability to read and write English fluently, and the ability to accurately perform basic to intermediate mathematical functions.

Skills

Basic knowledge of statistics, advanced/expert level excel skills, writing and communications

Software

MS Excel, word, PowerPoint expert levels

An Equal Opportunity Employer - M/F/D/V.

If you're passionate about exceeding goals and providing exceptional customer service experiences, come join Gables in our mission of Taking Care!

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