What are the responsibilities and job description for the Real Estate Development Intern position at Recruiting - Redstone?
Real Estate Development Intern
Classification: Full-time/Part-time, Internship, Non-Exempt
Schedule: Flexible hours to accommodate school schedules, with a preference for availability five days per week
Duration: Semester-by-semester (immediate start with strong preference for summer continuation)
Compensation: $15-17 per hour
Company Background: Redstone Residential is a national student housing operator, headquartered in Provo, Utah. Managing more than 38,000 beds of student housing in 20 states, Redstone is one of the largest 3rd party management companies in the U.S.! Our conventional portfolios are also seeing rapid expansion.
Redstone Development Partners, which is a division of Redstone Residential, is a leader in large-scale residential real estate development, specializing in student housing, multifamily housing, and affordable communities. Our portfolio includes ground-up new construction, rehab/renovation value-add, and conversion projects. We pride ourselves on a collaborative, hands-on work environment and offer our interns direct mentorship from the Chief Development Officer and our experienced analyst and Investments team.
Redstone's purpose is "to empower our people and elevate communities." We achieve our purpose by embodying our core values:
- We Are Believers
- We Communicate Authentically with Care
- We Stay The Course
- We Drive Performance
Position Summary: We are seeking a motivated BYU junior (or advanced sophomore) to join our development team as an intern. The intern will work across both new potential projects and current existing projects, gaining exposure to all facets of real estate development. This will include due diligence, market research, project management, and financial analysis. The ideal candidate is a self-starter with excellent analytical, communication, and problem-solving skills.
Key Duties and Responsibilities:
- Reconcile proposals and bids for various scopes of work.
- Conduct market research activities, including driving to properties, secret shopping, and making phone calls to gather competitive data.
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Assist in mapping out city approval processes.
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Solicit proposals for various professional services.
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Participate in completing due diligence checklists as needed.
- Review soils/geotechnical reports, surveys, environmental reports, title reports, and other real estate due diligence.
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Prepare and compile presentations for lenders, investors, and the Investment Committee.
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Assist in the creation of written reports and project documentation.
Experience and Qualifications:
- Currently pursuing a Bachelor's Degree in Construction/Facilities Management, Business, Finance, Entrepreneurship, or a related field.
- Experience and interest in finance with an emphasis on real estate
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Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, etc.)
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Excellent written and verbal communication skills.
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Strong analytical and problem-solving skills with keen attention to detail.
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Ability to work independently and take initiative.
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Willingness to work on-site at our Provo headquarters.
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A commitment to working five days per week, with a flexible schedule to meet academic obligations.
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Strong financial analysis and modeling abilities.
- Understanding of income statements and balance sheets
- Proficient in Excel, PowerPoint
- Strong communication skills
- High School Diploma or equivalent
Salary : $15 - $17
