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SalaryResponsibilities:The Summer Associate will be responsible for supporting the Related Midwest 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.
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We'll trust you to:*
- 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
Qualifications:You'll need to have:
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: Chicago
Program will run from June 3rd through August 9th
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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._
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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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Please note Related is not offering visa sponsorship for this position._
#TRC #LI-JF1 #LI-Onsite
intern
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 at www.related.com.
Related Midwest, the Chicago office of Related Companies, is the preeminent developer of mixed-use properties, affordable housing communities, and luxury condominium and rental homes across Chicago. The company commands a portfolio of residential, mixed-use and master-planned properties, including pioneering projects like The 78 where the company is heading a transformational development on 62 acres in the heart of downtown Chicago to create the city’s next great neighborhood. Related Midwest is also one of the largest developers of affordable housing in the Midwest, with more than 10,000 units owned and managed.
The firm’s other market-defining projects include ultra-luxury residential tower One Bennett Park, designed by Robert A.M. Stern Architects, with adjacent park by Michael Van Valkenburgh Associates; Fulton Market’s 900 Randolph, the first high-rise in Chicago co-built by a Black-owned general contractor; luxury rental towers 500 Lake Shore Drive and OneEleven; Lathrop, an ongoing restoration and redevelopment of the historic Julia C. Lathrop Homes into a mixed-income community; 400 Lake Shore Drive, two residential towers situated where the river meets the lake in Chicago, and Roosevelt Square, an innovative 120-acre multi-phase development on Chicago’s west side.
Job Types: Temporary, Internship
