Elmington Internship - Graduate (Affordable)

ELMINGTON CAPITAL GROUP

Elmington Capital Group is a privately owned commercial real estate investment and development firm headquartered in Nashville, Tennessee. We focus on commercial real estate opportunities that provide income return and capital appreciation through a diverse array of strategic initiatives. We primarily acquire retail, office, industrial, and multifamily properties and identify the opportunity to add value through development, repositioning, more effective operations, or creative capitalization.

Elmington Capital's core competency is multifamily development and is one of the nation's largest developers, owners, and managers of affordable/workforce housing. Elmington deploys $200 million in equity annually utilizing a broad array of financing strategies including tax credits, tax exempt bonds, local grants, HUD programs, and conventional debt/equity. Our development focus includes attainable/workforce and affordable (rent restricted) housing, public-private partnerships, mixed use, and mixed-income development.

The need for affordable housing in the U.S. has never been more critical. At the same time, the affordable housing industry is transitioning from a highly fragmented landscape dominated by non-profit organizations and government actors to one in which the largest investment manager in the world is deploying capital and sophisticated developers and expanding rapidly. Elmington is playing a prominent role in this transition, bringing creativity and scale to bear in the challenge to address housing affordability in the U.S.

POSITION SUMMARY

The Elmington Affordable Intern will participate in a team in executing all functions of development for affordable housing and multifamily projects with a focus on policy research, site selection, entitlements, financial analysis, due diligence, and overall management of the development process from inception to groundbreaking. This position will work hand in hand with Elmington's experienced leaders and key external stakeholders on a daily basis. This role will touch several projects in multiple geographies.

Elmington is comprised of multiple locations and lines of business that are operated as their own living, breathing corporation. They have income and expenses, debt and a bottom line - all of which we will look at to you to help optimize through your role. Along with this responsibility comes a very high level of expectations. We are asking you to be an integral part of a multi-million-dollar company. At Elmington, you will be pushed to Forget The Ordinary & Think Like an Owner. Every day.

To be an effective Elmington teammate, you will need to:

• Have a great attitude

• Have high expectations

• Think BEYOND the box

• Work with passion

• Have a tireless work ethic

• Be confident

• Be self-sufficient and self-motivated

• Take pride in your work

• Be a good listener

• Offer a solution to every problem

• Go above and beyond for everyone you support

ESSENTIAL JOB FUNCTIONS:

Your responsibilities may include but are not limited to:

• Research affordable housing policy and traditional multifamily dynamics in US markets. Discover untapped geographies, public-private partnerships, and financing structures for Elmington to pursue.

• Analyze supply/demand, comparable properties, competitive landscape, market rents, and other dynamics.

• Source land opportunities and assist in negotiating Purchase and Sales Agreements with brokers/owners.

• Perform complex financial analysis using Microsoft Excel.

• Daily exposure to outside consultants including architects, engineers, environmental, legal, and political disciplines to complete due diligence and approvals.

SPECIFIC EDUCATION OR EXPERIENCE:

• S Degree in Business or other relevant programs

• Must be currently enrolled in or have completed an MBA program or related Master's degree program

• Strong academic background with a focus on real estate or finance is preferred

PHYSICAL DEMANDS AND WORK ENVIRONMENT

• Frequently sit, stand and walk

• Regularly required to talk or hear

• Occasionally required to climb or balance, stoop, kneel, crouch or crawl.

• Occasional requirements to work at elevated heights and in confined spaces

• May be exposed to extreme conditions (hot or cold)

• Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus

• The noise level in the work environment is usually moderate

TRAVEL REQUIREMENTS

Light travel may be required dependent upon specific assignments.

The Elmington Experience

We're creating a different kind of company at Elmington. We promise we will never be ordinary, which we hope you can see with this job description. There will be many days you simply aren't comfortable. You will be pushed to accomplish more than you ever thought possible. You will be challenged by your team leader and your peers to achieve more and to find better ways. With that said, we know Elmington is not for everyone. BUT, if you believe in yourself, enjoy a challenge and appreciate working with exceptional people, then Elmington could very well be the last company you ever work for.

The company will recruit, hire, train, promote, and compensate its employees based on factors such as work quality, behavior, training, and experience. In compliance with local, state, and federal laws, we provide equal employment opportunity regardless of race, color, creed, national origin, protected age category, gender, sexual orientation, religion, marital status, military status, or physical or mental disability of any individual who is otherwise qualified.

Are you ready to FTO? It's time to TLO!

Salary : $200