Investments Intern - Summer 2024 - The Garrett Companies

Description

The Investments Intern focuses on the financial underwriting and predevelopment aspects of multifamily development projects. The primary goals for an Investment Intern are to assist and provide support with the process of identifying new sites that meet development criteria, determining the best yield vs risk for those sites, and minimizing risk by promptly performing an essential set of due diligence items for each potential development.

Responsibilities

• Due diligence research on rent, expenses, utilities, taxes and pre-development fees.
• Analyze development and acquisition projects using Excel modeling spreadsheets.
• Support investment team members.
• Assist with various ad-hoc financial analysis.
• Monitor research of US markets regarding rent, employment, impact fees, taxes, permits, and supply and demand trends (includes review and analysis of demographic software).
• Assist development and management teams on other projects, as needed. (i.e., acquisitions, student housing, tax credit, HUD financing, budgets, management fee
analyses, etc.)

Qualifications

• Strong Excel skills and related macro programming, power point, web search engines.
• Strong written and verbal skills.
• Ability to handle multiple tasks and for multiple projects.
• Ability to work independently and with team of professionals as needed.
• Currently enrolled in Bachelor's or Master’s degree in accounting, statistics, finance, mathematics or some other relevant field.
• Must be an excellent verbal and written communicator.
• Skills and experience with marketing, public speaking, and presentations is a plus.

Prerequisites (these are the most important items):
• Positive attitude.
• Relentless problem-solving skills.
• Will never claim the work of others as their own.
• We are trend setters and standards breakers. Our intent is to consistently surprise our audiences by being excellent.
• Ability to anticipate.
• Understanding the difference between causation and correlation.
• We are all broom pushers. Every member of our team is willing to work and support at all levels.