Development Intern

Acadia (NYSE:AKR), headquartered in Rye, New York, is a fully-integrated, self-managed and

self-administered real estate investment trust. Through our REIT and Investment Management platforms, we are focused primarily on the acquisition, ownership, redevelopment

and management of retail properties, including neighborhood and community shopping centers, urban high-barrier-to-entry street retail, and mixed-use properties with retail components.
 

Acadia is currently seeking a qualified intern to join its Development department to provide assistance across active development, redevelopment, and strategic asset management initiatives, with exposure to both financial and physical aspects of projects.

Interns are assigned a mentor who will provide guidance throughout the duration of their internship. Interns will also have opportunities to interface with cross-functional teams including Leasing, Construction, and Acquisitions. The intern should be prepared to work in a fast-paced team environment and will apply their skills and diligence toward the various disciplines within the Development department. The intern will finish the internship having gained broad experience in how successful retail and commercial real estate companies execute on development and redevelopment strategies.

INTERNS WILL BE EXPOSED TO & PROVIDE SUPPORT IN THE FOLLOWING AREAS:

• Track and report on the status of assets currently under development and re-development, by monitoring estimated completion dates and budgets and understanding any changes to current projections.
• Assist in the creation and maintenance of property-level financial models.
• Assist in lease analysis including yield, payback, NPV, and other metrics.
• Compile property-level information, analyze data, and prepare summary reports.
• Perform market research and assist with various ad-hoc research projects. 
• Support preparation of internal presentations and investment committee materials.
• Attend construction and development meetings, take meeting minutes, and coordinate or follow up on miscellaneous items.

Requirements:

• Must be enrolled in a college degree program at an accredited institution 
• Must have completed junior year of college
• Must be able to work onsite in Rye, NY
• Must have a GPA of 3.0 or above
• Must have unrestricted work authorization in the US without a visa or sponsorship 
• Ability to work 40 hours per week 

Desired Characteristics:

• Highly Self-motivated
• Ability to prioritize challenging work schedule/multi-task
• Strong written and verbal communications skills 
• Proficient in Microsoft Office, particularly Excel 
• Pursuing degree in related area including commercial real estate. 
• Demonstrated ability to run financial models through Excel and Argus. 

An estimate of the current compensation for this position is $20.00 – 23.00 an hour.

Acadia Realty is an Equal Opportunity Employer - M/F/Veteran/Disability/Sexual Orientation/Gender Identity