Development Associate Intern
Fivesquares Development is an innovative real estate development company passionate about transforming cities and promoting transit oriented development in ways that generate public and lasting value for the communities in which we work. We are looking for a thoughtful, hard-working individual to assist with the day-to-day operations of our real estate development projects. This is an ideal opportunity for anyone looking to enter the industry and learn about the development process from concept through exit. This individual would be given the unique chance to gain direct experience with the pursuit, acquisition, design, entitlement, permitting, finance, construction, lease up, and exit of top-tier development projects.
Generally, the Development Associate Intern will assist the development and construction team on a wide array tasks on various development projects. A sample of responsibilities will includes (but is not limited to):
- General Tasks
- Develop meeting agendas for team meetings and track progress against each item.
- Assist CFO and Development Director with office administration tasks as assigned; i.e. ordering office supplies, making bank deposits etc.
- Acquisition Phase
- Help identify new opportunities
- Assist with analysis of new opportunities e.g. preliminary valuation and highest and best use analysis
- Conduct market research on office, residential, and retail submarkets
- Assist with creation and refinement of project pro formas including rough budgets, schedule, and income assumptions.
- Predevelopment Business Plans
- Research market assumptions.
- Perform cost/benefit analysis for various aspects of development including hard and soft costs and income assumptions.
- Work with development team to refine budgets, schedules, and income assumptions.
- Development Phase
- Procure proposals from third-party consultants and contractors.
- Build unit matrices from blueprints, update square footage calculations.
- Assist the development team in financing projects, including due diligence, financial modeling, marketing, and operational research.
- Build budgets and tie consultant and contractor agreements to budgets.
- Develop budgets for and procure furniture, fixtures, and equipment.
- Drive design tasks to completion while balancing quality and cost goals of the respective project business plans.
- Post-Development/Stabilization Phase
- Assist in developing and implementing a marketing plan for residential, retail, and office lease-ups.
- Manage leasing associates and provide support for leasing and move-in activities.
- Work with development team to place and close permanent financing.
- Work with property management teams to ensure smooth delivery of project and effective ongoing management of company-held assets.
General Responsibilities:
• Communicate with the Development Director as well as Executives about progress of all tasks assigned.
• Form careful analyses and transmit memoranda to development team to clearly and quickly report findings.
• Brainstorm creative design plans, financing plans, business goals, acquisitions opportunities, and problem solutions as opportunities arise.
Key qualifications include:
· Leadership skills – take ownership and responsibility for results
· Self-starter, quick learner, and the ability to work responsibly with little supervision
· Excellent communication skills – verbal and type written
· High levels of creativity, imagination, and vision
· Organizational, project management and planning skills
· Proficiency in Excel and Powerpoint
· Ability to handle multiple competing priorities in an unstructured environment
This position will require a commitment of approximately 15-20hrs weekly/$16.50hr. Please respond with a brief cover letter expressing your interest and include your resume.
Submissions should be made to: WWIntern@fivesquaresdev.com