Job Description

Job Description

Description:

We’re looking for an enthusiastic new addition to our team in Plymouth, MN as a Development Intern. This is a M-F, onsite internship for Summer 2024.

About Us

Roers Companies is a 2023 Star Tribune Top 200 Workplace and an emerging leader in real estate investment, development, construction, and property management. Headquartered in Plymouth, Minnesota, we’re on a mission to elevate multifamily housing nationwide by developing and operating market-rate and affordable housing. Since our founding in 2012, our team has developed more than $2.5 billion in real estate, representing 11,000 homes. In 2023, we were selected as the Minnesota Real Estate Awards’ Developer of the Year. Our team thrives on purpose-filled work, an entrepreneurial spirit, and unlimited growth potential.

About You

You’re passionate about your work and strive to achieve ambitious goals. You offer an extra hand and aren’t afraid to ask for help when needed. You act with integrity and empathy for the people around you. You get the big picture while executing the little details. In other words, you share our corporate values — passion, work ethic, teamwork, integrity, and ownership mindset.

Responsibilities

As a Development Intern you will assist the development team and gain experience in all aspects of the real estate development process. This experience may include:

• Conducting market analysis and project feasibility
• Researching the market viability of new projects
• Originating new projects in various markets
• Compiling financing request packages for lenders, investors, and state agencies.
• Modeling proforma and discounted cash flows
• Securing financing (low-income housing tax credits, tax-exempt bonds, Freddie Mac/Fannie Mae/HUD debt financing)
• Working through closing and due diligence checklists to get to a financial closing.
• Reviewing investment agreements and contracts
• Project planning
• Partnering with construction to learn about the design process

Requirements:

• Recent graduate (or current undergraduate student) of a four-year Bachelor degree program in Real Estate, Finance, or related field
• Active participation in Real Estate clubs/groups preferred
• Strong interpersonal, oral, and written communication skills.
• Computer skills: Microsoft Word, Excel, One Note, Outlook, Power Point, and Adobe Acrobat.
• Exceptional communication skills and ability to interact with wide range of people.
• Financially astute with a strong attention to detail and the ability to analyze complex deals in an efficient manner.
• Capacity to work cross functionally with various departments.
• Superior organization skills and the ability to multi-task, prioritize, and deliver results in a timely manner.
• Exceptional communication skills and ability to interact with wide range of people.
• Entrepreneurial mindset – loves to be challenged, determined to win, puts clients and teammates first, collaborative, inquisitive, self-motivated, and operates on trust (not fear).
• Ability to embrace company values: Passion, Integrity, Teamwork, Work Ethic, Ownership Mindset

Benefits & Perks

As an intern, you would be eligible for the following benefits and perks:

• Retirement savings
• Free office lunches
• Monthly social outings
• Free stays in our properties’ guest suites
• Shorter Friday workdays during summer

Roers Companies is focused on building a workforce that is diverse and inclusive. We are an Equal Opportunity Employer and consider applicants for employment without regard to race, color, religion, sex, orientation, national origin, age, disability, genetics, or any other basis forbidden under federal, provincial, or local law. E-Verify Compliant.

Candidates will be required to pass a criminal background check and motor vehicle report.

In order to be considered for this position, applicants must complete a survey at this link:

https://go.cultureindex.com/s/83Iy24550b

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