Type: Full Time Internship
Minimum Experience: Pursuing a college degree in Real Estate, Finance, Business, Mathematics, or related field. Rising Junior or Senior, strongly preferred.
Role & Responsibilities
As the Berger Investments Intern your responsibilities will include:
- Maintain and organize the database of marketed and off-market acquisition and development opportunities, logging new offerings as they are received and keeping deal status current.
- Complete an initial review of offering memorandums and summarize key deal information, including location, unit mix, vintage, in-place rents, and pricing guidance.
- Build rent comparable surveys through both in-person property tours and online research, and summarize how the subject property is positioned against its competition.
- Assist in market research to support underwriting assumptions. Areas of interest will include rent growth trends, supply/demand dynamics, and demographics.
- Prepare first-pass underwriting for multifamily acquisitions by entering rent roll, operating statement, and offering memorandum data into Berger's underwriting model, with review by the Senior Acquisitions Associate and Acquisitions Analyst.
- Research real estate taxes, utilities, and other operating expense assumptions to support underwriting.
- Attend property tours and document observations on physical condition, unit finishes, amenities, and the surrounding area.
- Participate in internal deal discussions and present findings from research and analysis to the acquisitions team.
- Utilize data analytics, AI tools, and emerging technologies to improve the efficiency of research and underwriting.
About You
You might be a great fit for this internship if you have:
- Strong analytical and quantitative skills.
- Exceptional attention to detail, including formatting and data accuracy.
- Proficiency in Microsoft Excel, with a willingness to learn financial modeling.
- Strong research and critical thinking skills, with a problem-solving mindset.
- Excellent written and verbal communication skills.
- Comfortable working both independently and collaboratively.
Who We Are
Berger Communities embraces a strong organizational culture that drives a quality living environment for our residents, and a desirable place of employment for our team members. Our dedication to service, caring and results consistently positions us as the top place to work in multifamily across the nation. BC is a proud equal opportunity employer.
- Rated three years in a row as one of the top ten places to work in multi-family in the nation by the Best Companies Group.
- Ranked #1 in the nation for Customer Service by SatisFacts and ApartmentRatings.com.