Development Intern

LIHTC Leaders; Camden (NJ); On-site; USD 26,000 - 29,000; Full time

Job summary

The Michaels Organization in Camden, NJ invites Real Estate Development Interns to apply their coursework to real-world projects. You’ll work with the Development team on pre-development analyses and investable project concepts, gaining exposure to affordable housing strategies and credits.

This paid internship offers hands-on experience, mentoring from senior leaders, and opportunities to contribute on live projects, build financial models, and present findings to executives while balancing

Qualifications

• Pursuing a bachelor’s degree (preferred in Finance, Economics, Real Estate)
• Strong problem solving and analytical abilities.
• Curiosity to learn all aspects of the business.
• Excellent time management and organizational skills.
• Diligent, fast-paced work ethic and teamwork.
• MS Excel and PowerPoint proficiency.
• Knowledge of financial modeling, cash flow, NPV/IRR.

Responsibilities

• Assist Development team with pre-development activities and analyses.
• Underwrite and pursue affordable housing projects.
• Support VP of Development on special projects.
• Collaborate with interns across majors.

Skills

Financial modeling

Analytical skills

MS Excel

PowerPoint

Time management

Team collaboration

Research skills

Problem solving

Education

Bachelor’s degree progress

Tools

MS Excel

PowerPoint

Job description

About The Employer

The Michaels Organization is a national leader in residential real estate offering full-service capabilities in development, property management, construction, and investment. At Michaels, our teammates strive to fulfill our promise of creating communities that lift lives – ones that jumpstart housing, education, civic engagement, and neighborhood prosperity. With this passion at the forefront of our business, Michaels teammates can be proud to be a part of the extraordinary, every day.

Location: Camden, NJ
Employment Type: Internship

About The Employer

The Michaels Organization is a national leader in residential real estate offering full-service capabilities in development, property management, construction, and investment. At Michaels, our teammates strive to fulfill our promise of creating communities that lift lives – ones that jumpstart housing, education, civic engagement, and neighborhood prosperity. With this passion at the forefront of our business, Michaels teammates can be proud to be a part of the extraordinary, every day.

Role Summary

Michaels is looking for Real Estate Development Interns who are ready to apply their course-work to a real-world experience! The interns will assist the Development team with a wide-range of responsibilities during the program. The internship will appeal to proactive and self-motivated students with a genuine desire to learn about the real estate business and industry. During the program, you will work on real projects and have real responsibilities! Michaels aims to help candidates build strengths, gain skills that can be transferred to any workplace, and stand out from the crowd!

What You'll Do

The Real Estate Development Interns will work collaboratively with the Development department, focusing on pre-development activities. This includes performing analysis of proposed multifamily real estate developments that qualify for low-income housing tax credits. The Development Interns work in a collaborative environment on the underwriting, pursuit, closing and delivery of multiple affordable housing projects. The Development intern will assist the Vice Presidents of Development in special projects.

Required Qualifications

• Progress towards a bachelor’s degree (preferably in Finance, Economics, Real Estate, or in another quantitative or business-related field but not required)
• Strong problems solving skills and a desire to put them to use in a meaningful way
• The intellectual curiosity to truly learn about all aspects of our business and new tools/skills
• Excellent time management and organizational ability
• A diligent work ethic and desire to work in a fast-paced environment that supports a balance of independent work and team collaboration
• Strong analytical, research, financial modeling, and presentation skills using MS Excel and PowerPoint.
• Knowledge of financial modeling, cash flow analysis and sensitivity analysis utilizing NPV and IRR.

Training & Rotations

• Work alongside other interns across various majors and universities
• Learn from our more experienced team members and best-in-class leaders in the real estate community
• Participate in company-wide and departmental meeting and events and a variety of social, professional and networking opportunities

Physical Requirements & Working Conditions

• Monday through Friday from 9 AM – 5 PM for a total of 35 hours
• Based out of our Camden, NJ headquarters (5x a week)

Additional Information

The range displayed on each job posting reflects the targeted base salary for the position. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.
$19.00-$21.00/Hour