What are the responsibilities and job description for the 2025 NWR Development Intern - Raleigh Corporate position at Northwood Ravin?
Job Details
Description
Duration of Internship
10-12 weeks beginning Early June 2025
Location:
Raleigh/Durham and Charlotte, NC. Some travel may be required to job sites or completed projects within the region.
The Opportunity:
The Northwood Ravin Development Internship offers students an immersive experience where they will learn from and contribute to a team creating best-in-class multifamily developments. Joining Northwood Ravin’s team offers the opportunity to build skills and a network of like-minded individuals. Northwood Ravin is seeking undergraduate and graduate-level students who are passionate about real estate development and eager to learn and grow as professionals.
Our summer interns will take part in all aspects of real estate development - from land acquisition and financial modeling to construction coordination, project close-out, and everything in between. Guided by a mentor, interns will be embedded in our team and will spend the summer participating in ongoing projects throughout the Southeast. In addition to their roles on the project teams, interns, with the guidance of their mentor, will also have the opportunity to complete a capstone summer project where they will source and underwrite a live deal culminating in an investment committee-style pitch at the end of the summer.
Tasks Undertaken:
- Assisting to source new deals and opportunities through brokers and trade organizations
- Performing due diligence on prospective sites
- Preparing and analyzing financial documents and budgets
- Financial modeling to determine YOC and IRR returns
- Maintaining proficiency on submarkets via market research to determine rents, vacancy rates, absorption, cap rates, and future/current pipelines, demographics, leasing information, and other local market data
- Collaborating with consultants on design and construction efforts
- Direct research projects that will help influence decisions made on active projects
- Preparing Investment Committee pitches
The Right Candidate:
- Current undergraduate (rising seniors preferred) and graduate students with a focus in real estate development, business, finance, economics, architecture, landscape architecture, urban planning, or civil engineering.
- Basic knowledge of financial concepts, including NOI returns, cash flow returns, internal rate of return, debt yields
- Proficiency with Excel and/or other appropriate analytical software.
- Ability to define problems, work with mathematical concepts/data, establish facts and draw valid conclusions
- Have acute attention to detail/accuracy
- Strong written/oral communication and active listening skills and are comfortable interacting with a variety of individuals at all organizational levels
- Are self-motivated with a positive and professional approach to management
Qualifications
