Summer Intern- Asset Management

NYCEDC - New York, NY3.7

Temporary | Internship
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Want to be part of an organization changing NYC? Do you see yourself giving back to a community? Want to help change the NYC skyline? Want to create jobs and strengthen neighborhoods? Asset Management Revenue makes it happen.

Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.

Our Mission: To create shared prosperity across New York City’s five boroughs by strengthening neighborhoods and growing good jobs.

NYCEDC’s Asset Management Revenue (AMR) Division manages the overall strategy for conventional and non-traditional assets across all five boroughs of New York City including commercial real estate properties as well as transportation, critical infrastructure, and energy assets. The Asset Management Revenue division pursues a double-bottom line strategy, targeting not just economic returns but also multiple social metrics including but not limited to job creation and growing equitable neighborhoods. The overall assets are divided into multiple portfolios, each managed by a Portfolio Manager/SVP, with a Portfolio Surveillance group that monitors and enforces standards and practices across the portfolio. The division-wide portfolio encompasses all property types including those that are standard in the real estate industry (Retail, Mixed-Use/Commercial, Industrial, etc.) with individual Portfolio Managers also managing assets particular to public sector and public/private partnerships (Transportation assets including Ferry, Cruise, Freight/Rail, and Aviation, Retail and Market assets, Cultural, Industrial and Commercial assets). In fiscal year 2018, the department actively managed over 220 properties and over 64 million square feet at a 94% occupancy rate, generating more than $240 million in revenue.

Your Internship: Spend the summer interning with NYCEDC and learn about asset management, double-bottom line financing, and value capture. You’ll have leadership engagements, tour EDC assets, attend company events and more. AMR interns are integrated into teams and will do real, hands-on work. Successful interns may, if desired, extend their internship into the fall.

Responsibilities may include:
Work on active development projects in the industrial sector
Track and review tenant financial reporting obligations
Assist in review of insurance certificates and insurance compliance
Perform market research across various types of real estate
Participate in the creation of Standard Operating Procedures
Assist with site inspection reporting
Assist in local law compliance reporting
Participate in project management, insurance meetings, and arrears meetings
General exposure to NYCEDC's asset portfolio
Other duties as assigned

Qualifications:
Eligible applicants include any graduate student currently enrolled in an urban planning, city planning, economic development, urban studies, real estate development, business, transportation, logistics, or related program
A GPA of 3.0 or higher
Impressive academic and extracurricular qualifications, consistently strong performance, and a passion for innovation and success
An ability to work and communicate well in a fast paced environment while interacting with a wide variety of people
Teamwork and problem-solving skills
A willingness to accept responsibility, ask tough questions, and solve problems
Passion for public service and New York City

About NYCEDC:
New York City Economic Development Corporation is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate job growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities. Additional information on NYCEDC can be found by visiting http://www.nycedc.com/.

Our Diversity & Inclusion Mission is to attract, retain, and engage a diverse workforce comprised of talented people. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger. NYCEDC interns can expect to work as part of a highly engaged, passionate and inclusive workforce where everyone’s contributions are valued, respected and make an impact on one of the best and most diverse cities in the world!