The Intern, Commercial Asset Management will work in a highly collaborative team environment and will have responsibilities in the core areas of reporting, analysis, and research. The primary focus for the Intern will be on the Fengate's Commercial Income Fund consisting of office, industrial and retail assets.
Requirements
- Analysis support for internal and external stakeholders, including asset and portfolio performance analysis, financial analysis, market analysis and overviews, and the forming of recommendations.
- Provide support during due diligence processes with respect to assets for sale, as well as existing and potential development projects.
- Liaise with the cross-functional teams to build and maintain cash flow and Argus valuation models for various purposes, such as setting budgets, analysis of lease transactions and development activities and their impact on value, impact of capital expenditures, etc.
- Create/analyze operational and financial reports by reviewing and analyzing variance on operational results, collections/arrears reports, capital expenditures, utility consumption, value add initiatives, valuations, asset plans, and market reports.
- Assist with monthly and other periodic reporting of financial/operational metrics and presentations for both internal management and investor clients.
- Assist with other team reporting objectives including the review of semi-annual reforecasts and annual budgets, client pitches and presentations.
- Prepare, review, and analyze property and portfolio returns for periodic reporting purposes as well as ad hoc analysis.
- Assist with environmental, social and governance (ESG) programs and reporting.
- Create standardized slide decks and presentations that generate high-impact results based on industry standard key success factors such as profitability, occupancy and recovery rates, above/below market rate comparisons, etc.
- Collect, organize, and strategically distribute diverse real estate information and data from a variety of sources including real estate industry websites, news articles, conversations with advisors, and research databases.
- Research commercial properties and collect market information on lease and sale transactions, inputting and organizing data, researching online sources, and assist with corporate financial analysis and development.
- Develop in-house research databases and practices to assist in prioritizing target markets and submarkets for potential real estate investments.
- Conduct research on special topics in support of the team’s strategic initiatives and the wider organization’s goals and objectives.
Benefits
- Life insurance
- Dental plan
- Disability benefits
- Extended health plan
- Prescription drug coverage
- Vacation pay
- Retirement savings plan
- Medical expenses reimbursement
