Asset Management Intern
New York, New York
State: NY
City: New York
Zip Code: 10123
Compensation: $2,080.00 - $2,000,000.00
Overview
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
Asset Management’s mission is to maximize long term asset-level and portfolio value and to work cross-functionality with other departments in the organization to identify, implement, and manage strategies to achieve that mission. Our Summer Internship Program focuses on employing high-achieving graduate and undergraduate talent with interest in gaining broad real estate experience at a best-in-class company. The 10-week paid program involves working with Asset Management on key initiatives in the various regions as well as assisting on portfolio-wide efforts. As a part of the Asset Management team, the summer intern will also gain exposure to other functional departments such as property management, construction, acquisitions, etc. The role also provides opportunities to develop strong business acumen, quantitative, and presentation skills. You will collaborate with and learn directly from the department’s senior leadership.
We don’t have a typical day, but you can expect to conduct financial analysis including ten-year discounted cashflow analysis, perform market research and leverage our in-house research & data analytics departments, conduct outreach, and collaborate with internal stakeholders across departments as well as with third-party service providers, and assist in preparation of investment committee recommendations and presentation materials.
You have...
- Progress towards a bachelor’s or graduate 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, financial modeling, and presentation skills using MS Excel and PowerPoint.
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We offer:
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
Job ID JR102132- You have 0 recently viewed jobs
