Commercial Real Estate Intern

Job Description

Job Title: Commercial Real Estate Intern (Tenant Representation Focus)

Company Overview:

At Cresa, we are dedicated to providing superior real estate solutions that empower our clients to achieve their business objectives. We believe in creating better spaces, driving better outcomes, and being a better partner who consistently prioritizes client needs. Our mission is to identify and cultivate the optimal environment for every business, extending our purpose beyond physical space to strengthen those we serve and enhance the quality of life for both clients and employees. Built to champion our clients’ aspirations through real estate, we seek partnerships with individuals who align with our core values: Work Together, Create Value, Be Tenacious, Enhance Community, and Embrace Diversity. We foster a collaborative environment where innovation is encouraged, and every voice is heard and valued, offering opportunities for learning, advancement, mentorship, and recognition for both individual and team contributions.

About the Internship:

Cresa is offering an enriching 8-week internship program, requiring a commitment of 3 days per week. This program is designed to immerse aspiring commercial real estate professionals in the foundational knowledge and practical guidance necessary for a successful career. Interns, whether new or experienced, will gain exposure to “the Cresa Way” through structured training, mentorship with senior brokers or Managing Principals, team involvement, and regular training sessions. This is an unparalleled opportunity to be part of something bigger, to learn, advance, mentor, and be recognized within a dynamic and collaborative real estate environment.

Key Responsibilities:

As a Commercial Real Estate Intern with a focus on tenant representation, your responsibilities will include:

• Transaction Management Support:
  • Actively collaborate with our experienced brokerage team, providing crucial support throughout the transaction lifecycle.
  • Assist in the comprehensive preparation of key transactional documents, including Requests for Proposals (RFPs) to solicit bids from landlords and Letters of Intent (LOIs) to formalize initial lease terms.
  • Engage in critical financial analysis and market research activities, providing data-driven insights to aid in negotiations and strategic decision-making processes for clients.
• Financial Analysis & Modeling:
  • Conduct detailed analysis of financial data pertinent to commercial leases, including rent schedules, complex lease terms, and occupancy costs.
  • Develop and refine financial models and forecasts that will directly support lease negotiations, client presentations, and strategic planning.
  • Contribute valuable input on pricing strategies and meticulously evaluate the potential financial impacts of various real estate transactions on client portfolios.
• Exposure to Diverse Service Lines:
  • Participate in projects alongside our Lease Administration team, gaining firsthand insights into lease management, compliance protocols, and administrative best practices.
  • Contribute actively to various Project Management initiatives, assisting in the planning, coordination, and successful execution of real estate projects.
  • Explore the application of data analytics within the commercial real estate context, helping to identify emerging market trends and optimization opportunities crucial for effective site selection processes.

Qualifications:

To be successful in this internship, candidates should meet the following requirements:

• Educational Background: Currently pursuing a bachelor’s or master’s degree in a relevant field such as real estate, finance, business administration, economics, or a related discipline.
• Analytical Skills: Possess strong analytical and problem-solving abilities, with a keen eye for detail and data interpretation.
• Technical Proficiency: Demonstrated proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook) is essential.
• Communication: Excellent written and verbal communication skills, with the ability to articulate complex information clearly and concisely.
• Interpersonal Skills: Strong interpersonal skills, capable of collaborating effectively within a team environment and interacting professionally with various stakeholders.
• Organizational Acumen: Exceptional organizational skills, with the capacity to manage multiple tasks simultaneously, prioritize effectively, and consistently meet deadlines in a fast-paced setting.
• Industry Interest: A genuine and keen interest in commercial real estate, coupled with a strong desire to learn, grow, and contribute meaningfully to the industry.

Benefits of the Internship:

• Gain invaluable hands-on experience in a dynamic, collaborative, and professional commercial real estate environment.
• Achieve broad exposure to various facets of the commercial real estate industry, with a specialized focus on tenant representation strategies.
• Receive direct mentorship from experienced professionals and senior leaders in the field, guiding your development.
• Benefit from extensive networking opportunities with colleagues, industry partners, and key stakeholders.
• Receive competitive compensation for your contributions.
• Explore the potential for future career opportunities and growth within Cresa upon successful completion of the internship.

Physical Requirements:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions in accordance with the Americans with Disabilities Act.

Disclaimer:

This job description provides an overview of the primary functions and requirements for this position and is not intended to be an exhaustive list of every duty and requirement. Supervisors may assign other duties as deemed necessary.

Equal Opportunity Employer:

Cresa is committed to developing and maintaining a diverse workforce. We firmly believe in extending equal opportunity to all individuals in all aspects of the employment relationship, without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g., child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, political view or status as a qualified individual with a disability, protected leave status, or any other characteristic protected by applicable law.