Acadia Realty Trust is seeking an intern to assist with the overall management of the development process of large scale retail properties, providing support in financial modeling, data analysis, and interfacing with third parties.
Requirements
- Demonstrated ability to run financial models through Excel and Argus.
- Proficient in Microsoft Office, particularly Excel
Responsibilities
- Assist in the creation and maintenance of property-level financial models for Core and Fund assets; which includes budgeting for capital improvements and re-leasing costs; projecting lease-up rents and cash flows; incorporating operating costs and net operating income; inserting debt and equity terms; and confirming investment metrics.
- Perform updating and maintenance of financial models, such as confirming current rent and operating cost projections; inserting actual income and costs; and re-projecting investment metrics.
- Present financial analysis and updated models to executives.
- Assist in Acadia’s interfacing with 3rd parties, such as lenders, co-op boards, neighbors, government entities, etc.
- Attend leasing, Property management and construction meetings, and coordinate or follow up on miscellaneous items.
Other
- Must have completed junior year of college
- Must be enrolled in a college degree program at an accredited institution
- Must be able to work onsite in Rye, NY
- Ability to work 40 hours per week
- Must have a GPA of 3.0 or above
- Must have unrestricted work authorization in the US without a visa or sponsorship
- Highly self-motivated, hardworking, detail-oriented
- Ability to prioritize challenging work schedule/multi-task
- Strong communications skills (verbal, written and listening)
- Pursuing degree in related area including commercial real estate, business or related field
- Passionate to learn about commercial real estate
