What are the responsibilities and job description for the '25 Summer Associate (MBA) - Real Estate Development position at Welltower Inc.?
SUMMARY
Welltower offers accomplished students the opportunity to intern in a dynamic work environment through its engaging summer programs. One of these programs is the Development internship, which enables students to play an important role in helping enable sustainable growth of the development pipeline. The program focuses on a core set of skills and business processes, allowing candidates to focus on their primary area of interest and best utilize their talents.
The Development internship program provides students with the opportunity to directly interact with the senior management team, assume ownership of significant projects, and experience personal and professional growth and development, all within a culture that rewards ambition and drive.
KEY RESPONSIBILITIES
Our Development internship focuses on our Development responsibilities including feasibility & market analysis, benchmarking, research and underwriting. It allows interns to combine their analytical and communication skills across all facets of Development. Our ability to create, strengthen and manage external and internal relationships is the cornerstone of our success. Our relationship-based strategy is what makes us a leader in our industry.
The Development team is responsible for:
- Working diligently with the Investments team to analyze development opportunities at Pre-Acquisition
- Overseeing each step of active deals through Turnover
- Managing and Maintaining Internal and External Partnerships
- Benchmarking key information for comparing future deals
- Underwriting development opportunities
- Taking ownership of the development budget
- Standardizing to align how information is provided by partners
- Analyzing partner performance
- Conducting site/land visits and market assessments
- Selecting Contractors and Consultants
- Educating Investment team members on the development process
- Understanding market supply and demand fundamentals
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
TRAVEL
Some out-of-area and overnight travel may be expected.
MINIMUM REQUIREMENTS
Education: Must be currently enrolled in a MBA program.
Experience: Previous internship and/or work experience preferred.
Applicants must be able to pass a pre-employment drug screen.
COMPENSATION - the salary range for this role in NYC is $35/hour - $8,600/month
ABOUT WELLTOWER
Welltower, an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com
Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOE/AA. Minority/Female/Sexual Orientation/Gender Identity/Disability/Vet
Salary : $35
