Extra Space Storage is seeking a Real Estate Intern to gather and analyze information for potential investments and real estate acquisitions. The intern will assist in delivering preliminary reviews and interpretations of acquisitions and work on various projects within the real estate department.
Responsibilities
Reviews financial statements and prepares preliminary valuation of real estate assets
Assists in the evaluation of investment returns based on cap rates, discounted cash flows, use of leverage and Illustrate trends and possible risks of potential opportunities
Develops underwriting and modeling for potential market strategic opportunities
Reviews financial and operational due diligence materials for acquisitions
Aids with the development of Operations’ department budgets for properties under contract and reconciles with original underwriting
Prepares and assembles proration information for closings and verify accuracy of closing statements
Performs post-closing reconciliations
Assists with a variety of ad-hoc projects
Qualification
Required
Attained or currently pursuing a bachelor's degree in real estate, finance, or a closely related field
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Applies concepts such as fractions, percentages, ratios, and proportions to practical solutions
Proficient with Microsoft Excel, Word, and related software packages
Defines problems, collects data, establishes facts, and draws conclusions
Solves practical problems and deals with a variety of concrete variables in situations where only limited standardization exists
Responds to questions from groups of managers, clients, and customers
Effectively presents information
Interprets general business periodicals, professional journals, technical procedures, or governmental regulations
Preferred
Extra Space Storage offers climate-controlled, self storage units.
