Prometheus Summer Internship - Acquisitions, Development & Construction - Prometheus Real Estate Group

ABOUT PROMETHEUS

Founded in 1965, Prometheus is the largest privately held owner of apartments in the San Francisco Bay Area, with a portfolio of over 13,000 apartments in the Silicon Valley, Portland and Seattle regions. We invest in real estate long-term and the focus on enduring quality drives every element of what we do - from our selection of locations, design decisions, reinvestments into our Neighborhoods and our operating strategy.

We are a B corporation, part of a group of companies that meets the highest standards for using business as a force for good. We have more than 500 Prometheans, and have a home office in San Mateo, with satellite offices in Portland, Oregon and in the Bay Area. We are a vertically integrated company with four main core competencies in-house: acquisitions/investments, development, value-add renovations and operations/property management. Prometheus has a long history of award-winning approaches to what we do, receiving over 100 awards for design and excellence including Fortune Magazine's list of 100 Best Small & Medium Companies, the 100 Best Workplaces for Women and the Best Places to Work in the Bay Area.

OUR PURPOSE

We are focused on Good Living for the Greater Good. This means providing a true sense of home and belonging for our Neighbors and Prometheans and giving our time and resources to bring positive change locally and beyond. It also means supporting you in your career goals with the very best working experience, and that starts with us having fun in the work we do together.

INTERNSHIP SUMMARY

Prometheus Summer Internship Program is a paid program that will provide you with an inside look at the real estate operations of Prometheus, the largest private owner of multi-family properties in the Bay Area.  The internship is intended to provide a unique opportunity to earn valuable experiences by working directly with the department managers on a daily basis. Your responsibilities will focus on providing assistance to your immediate department in the execution of daily tasks and support of internal and external customers by collaborating with others on providing outstanding service to our Prometheans, Neighbors, and Vendors. Areas of learning will include becoming familiar with varying types of real estate transactions and their associated documents, and cross-functionality in a diverse working environment. This role will require you to work up to 40 hours per week, for a duration of 9-12 weeks.

MORE ABOUT YOU

• Your Skillset - You're analytical and enjoy financial analysis, reporting, budgeting, and transactions
• Your Cultural Traits - You're a self-starter with the ability to prioritize assignments and use sound judgement when making decisions
• Your Education - You are currently a rising Junior or Senior enrolled full time and pursuing a Masters or Undergraduate degree.

ABOUT THE ROLE

The Acquisitions, Development and Construction Intern will support the respective departments with:

• Financial and Investment Analysis – You will gather data and evaluate valuation models for current and future acquisition and development projects. You will identify strengths and weaknesses of proposed transactions, provide timely analyses and document assumptions and scenarios appropriately.
• Financial Responsibilities – You will monitor and track project data including contracts, schedules, budgets and cash-flows on an on-going basis.
• Due Diligence Responsibilities – You will assist in the preparation and compilation of due diligence reports for potential acquisitions including materials, budgets, financial models, market reports and schedules.
• Deal Pursuit – Work closely with the construction and acquisitions teams to evaluate the construction costs and risks of a potential new development. Learn about the factors considered before making a significant investment.
• Preconstruction – In this role, you'll take part in the development of all aspects of a construction contract, diving into the details of what it takes to set up a project for success.
• Plan Development – Spend time with our team to get an in depth understanding of the challenges encountered in project design and permitting.
• Construction Management – You will work closely with our team to get an in depth understanding of the challenges encountered as we prepare to deliver the first phase of one our most significant developments. 
• Project Closeout – You'll get exposure to the project close out process and gain insight as to the challenges faced in closing out a contract and finishing a project.
• Presentation: Over the course of your internship, you will create a capstone presentation that you will present to the executive team.

HERE'S MORE OF THE NITTY-GRITTY: 

Our Acquisitions and Development Intern possesses the following experience, skills and abilities and be able to explain and demonstrate that they can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of knowledge, skills, and abilities:

• Currently enrolled in an accredited university as a Junior or Senior standing.
• Must have strong analytical skills, be adept at working with and analyzing data
• Accurate and Detail Oriented
• Trustworthy with the highest level of integrity and respect.

COMPENSATION AND BENEFITS

We offer a variety of benefits and perks that take compensation well beyond a paycheck.   

• Pay Range: $23.50 to $25.00 per hour
• Benefit Details to be provided

Prometheus is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, veteran status, or any other status protected under federal, state or local law. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements.

If you'd like more information about your EEO rights as an applicant under Federal Employment Laws, please check out these FMLA, EEO, and EPPA pages.