2023 Summer Associate, Real Estate Development – Related

Job Description

Responsibilities

Summer Associate, Development

2023 Internship Program

Overview:

Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed 50 years ago, Related is one of the largest private owners and preservationists of affordable housing in the U.S. and is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisition, management, finance, marketing, and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, West Palm Beach, Miami, Washington, D.C., and London, and boasts a team of approximately 4,000 professionals. With over $60 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side, The Square in Downtown West Palm Beach, The Grand LA and Related Santa Clara in California and The 78 in Chicago. Each Related project emphasizes a strong commitment to environmentally conscious real estate development and advances the sustainable design, construction and management of urban spaces.

For more information about Related, please visitwww.related.com.

At Related, Summer Programs offer students a 10-week hands-on experience and a chance to work on challenging projects with some of the best minds in the business. You will be immersed in an innovative, fast paced, team-oriented work environment that is intended to provide knowledge across asset classes (i.e. market-rate residential, commercial, and affordable housing). Related is committed to enhancing the experience of our Summer Associates by exposing you to industry leaders, accelerating your learning and development, and providing you with a strong foundation of the real estate industry.

Responsibilities:

The Summer Associate will be responsible for supporting the development in all aspects of projects including: financial analysis and modeling, due diligence, zoning, legal oversight, budgeting, design, construction, acquisition, project management and leasing.
• Perform financial analysis and due diligence for new investment opportunities
• Assist with all aspects of a development: financing, entitlement / government approvals, public relations, design, leasing / marketing, and construction
• Assist 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
• Research and analyses: Benchmark retail activity in target markets by tracking rents, sales per SF, operating costs, competitive supply and retailer expansion activity
• Minimize exposure and risk on various projects
• Effectively communicate relevant project information to superiors

Compensation
• $40 / hour

Qualifications

Qualifications:

Our ideal candidate will be a first-year graduate student with the following skills:
• Excellent quantitative and analytical skills; expertise with excel
• 2 years of relevant experience in corporate finance or real estate analysis
• A strong passion for real estate development
• Real Estate focused degree/curriculum

Application Information:

Locations available: New York, Chicago, Santa Monica, and West Palm Beach

Program will run from June through August 2023

We take the time to fully review each application. Every offer we make represents our commitment to invest resources in developing a successful career. Unfortunately, due to the large number of applications we receive, we cannot respond to every applicant. If you submit a resume for an internship, we will contact you directly should your skill set match our available summer internship program positions.

Please note that Related has adopted a COVID-19 vaccination policy to safeguard the health and well-being of our employees. As a condition of employment, Related employees working on-site are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law.

Related values diversity in backgrounds and experiences. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.

For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy.

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Overview

Formed in 1972, Related 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 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 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 works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related atwww.related.com.

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