Penzance - Real Estate Acquisitions/Asset Management Internship COMPANY DESCRIPTION:Penzance is a leading Washington, DC based real estate investment company. Founded in 1996, the company has built an impressive track record by owning, operating, repositioning and developing office, multifamily, industrial, data center, and mixed-use assets across the region. Penzance is a woman-owned business with over 50 employees and is more than 50% diverse. Penzance professionals blend entrepreneurial and institutional real estate experience with in-depth local market knowledge to add significant value to its portfolio. As a full service, vertically-integrated real estate firm, its core competencies include acquisitions, development, asset management, leasing, property and construction management, capital markets and finance, fund management, and investor reporting.Penzance has acquired, developed, redeveloped, and repositioned 50 assets with remarkable success since its inception and has managed in excess of $3.0 billion of assets, including its flagship discretionary fund series Penzance DC Real Estate Fund LP (“Fund I”) and Penzance DC Real Estate Fund II LP (“Fund II”).  Internship Overview: The goal of the internship is to provide exposure to Penzance’s primary lines of business and the basics of commercial real estate operating and investing principles. Participants will shadow a member of the Investments Group, as well as collaborate with members of the Development, Asset Management and Finance teams. Participants will be expected to assist in completing daily ad hoc assignments, as well as long-term projects including but not limited to: assisting with property and portfolio-level financial analysis, conducting market research, assisting with asset management related responsibilities, helping to create and edit pitchbooks and other marketing materials, and participating in leasing and management calls. Interns can expect to gain exposure to the business through: Working alongside the Investments team to underwrite potential acquisition and development opportunities by performing complex financial analyses, including discounted cash flows, development of sources and uses, promoted and carried interests, and scenario and sensitivity analysesSupporting the Asset Management team in executing property business plans to maximize value at each asset, including review of asset management projection models and historical deal performanceAssisting in performing a wide range of analyses, including: refinancing analyses, valuations, sell/hold analyses, leasing NPV/NER, and other ad hoc analysesGathering and synthesizing macro and micro economic, demographic and detailed real estate market dataReviewing public records and proprietary commercial real estate software to identify potential off-market acquisition opportunities Qualifications:Class of 2023 candidates currently pursuing bachelor’s degree in a related major, with an interest in commercial real estateStrong financial and analytical skills, including advanced proficiency with Microsoft ExcelPrior internship experience in real estate is preferred but not requiredExcellent written and oral communication skillsPenzance is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability or genetics, veteran status or any other legally protected status under local, state, or federal law. Employment at Penzance is at-will.