Related Management Company 2023 Summer Associate, Affordable in New York, New York
Summer Analyst, Affordable Acquisitions
2023 Internship Program
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.
The Summer Associate will be responsible for supporting the Related Affordable Team with all aspects of its affordable housing development projects, including researching new opportunities, financial analysis and modeling, market research, and municipal applications and filings.
Assist the team in all aspects of underwriting new development projects, including market research, operating expense review, construction cost analysis, and financial modeling
Assist with various tasks to close on construction and permanent financing
Research potential leads and new opportunities
Build and maintain internal databases
Conduct site visits and assist with asset management of existing portfolio
Perform financial analysis and due diligence for new investment opportunities
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
$40 / hour
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
Locations available: New York City
Program will run from June through August
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.
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.
Related Companies is an equal opportunity employer.
Related is an Equal Employment Opportunity Employer