Extra Space Storage offers climate-controlled, self storage units and is recognized as one of the best places to work. The Real Estate Intern will gather and analyze information for investments and real estate acquisitions, assisting in evaluations and reporting for potential acquisitions.
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
Interprets general business periodicals, professional journals, technical procedures, or governmental regulations
Effectively presents information
Responds to questions from groups of managers, clients, and customers
Calculates 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, establish facts, and draw conclusions
Solves practical problems and deals with a variety of concrete variables in situations where only limited standardization exists
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
Preferred
Well defined career paths
Great work/life balance and hybrid work schedule
On-site fitness center
Free soda, coffee, and snacks all day every day and much, much more!
Extra Space Storage offers climate-controlled, self storage units.
