Summer Intern - Real Estate Development

Description

Ram Realty Advisors LLC ("Ram") is a real estate investment management firm specializing in multifamily, mixed-use, and grocery-anchored retail in select high-growth markets throughout the Southeast. The firm’s portfolio comprises assets across the investment risk spectrum, including core-plus, value-add, and opportunistic strategies. Founded in 1978, Ram and its predecessor entities have deployed over $5.0 billion of capital on behalf of institutional partners. The firm is headquartered in Palm Beach Gardens, Florida, and has offices in Tampa, Florida; Charlotte and Chapel Hill, North Carolina; and Nashville, Tennessee.

Come join us to participate in an eight-week program designed to provide technical knowledge and practical understanding of multifamily, retail, and mixed-use real estate assets including site selection, underwriting, market research, and project management for real estate development, acquisitions, and asset management.

Essential Duties and Responsibilities: Depending on the deal flow at the time of the internship, the intern could expect to work on some or all of the following tasks:

· Produce market research reports for comparable properties and demographic data. 

· Assist in identifying potential acquisition opportunities. 

· Assist in determining pricing parameters of a given property and creating letters of intent to purchase properties.

· Obtain and review all relevant due diligence information from property owner and their representatives, including existing reports, surveys, studies, title work, environmental documents, etc. Assist in determining a property’s preliminary feasibility via cash flow projections and assumptions, comparable rental and sales analysis, and detailed financial modeling. 

· Participate in the predevelopment process, including various project management tasks to help further design and construction of a project. 

· Learn 1-2 submarkets in the geographic location to which you are assigned. This includes research regarding demographics, employment drivers, schools and local points of interest. Additionally, you will construct a market survey with 5-7 competitive properties and visit the property in person to determine where each property should be positioned.

· Review a monthly operating package and provide feedback on what was helpful, what needed further clarification and what is unnecessary information. Determine which department uses each piece of that information and then interview that department to determine how the information is utilized.

· Spend at least one day working in the leasing office of a given asset or one day canvassing the market of an asset.

Requirements

These requirements represent the education, knowledge, skill, certifications/licensure and/or ability required to perform the job satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties noted above.

· Enrollment in an accredited college/university. Master program students with a major in real estate, construction, or finance preferred. 

· Proficiency in Excel, Word and Argus preferred. 

· Must be highly motivated, possess an entrepreneurial spirit, and be able to work in a multi-task dynamic, team environment.

These characteristics are highly valued throughout the Company and essential for all team members:

· High degree of professionalism.

· Commitment to quality and a constant desire for improvement.

· Being open-minded and willing to learn.

· Humility and an ability to admit “I don’t know” or “I made a mistake”.

· Knowing when and how to ask for help.

· Adaptability and flexibility.

· A deep belief in the importance of putting the team first.

· A strong sense of respect for self and others.

· An unwavering commitment to integrity (no matter the perceived short-term cost).