About The Role:

The summer associate's primary responsibility will be involved with all aspects of real estate development. Will have the opportunity to work on financial modeling/underwriting of prospective investments and developments, coordination of due diligence, lease analysis, dispositions and fund contributions. Summer associates may also respond to Request for Proposals, input and update project information in the ELITE system, communicate/prepare financials and approval packages for the Investment Committee, and direct research projects.

What You'll Do:

• Sourcing new acquisition opportunities and new investment sponsors by cultivating and maintaining relationships (e.g., brokers, capital partners, design consultants, legal professionals, and trade organizations)
• Preparing and analyzing financial documents, budgets, and leases for prospective and existing development projects through the creation of discounted cash flow models used for acquisitions and dispositions
• Negotiating contracts including environmental review, structural proposals, tenant leases and credit, financing, survey and title review, , operating expenses, and income reports
• Managing closing statement preparation and physical asset valuations in the underwriting and due diligence process
• Maintaining proficiency on submarkets by collecting, reviewing and verifying market information and supporting assumptions used in financial projections.
• Review rental rates, vacancy rates, historic absorption rates, cap rates, current and future competition, demographic statistics, leasing information and other local market data as vital
• Participate in the preparation of investment documents by summarizing potential acquisitions and dispositions for Investment Committee approval and subsequent closing of deals
• Reviewing, commenting, and tracking all external consultant due diligence reports
• Coordinate with Property Management on requirements including operating expenses, real estate taxes, parking income and expenses, and other management issues that could affect development
• Coordinating with Investment Sales / Capital Markets on the marketing and sale of stabilized projects
• Collaborate with external clients, capital partners, investors, lenders and internal team, ensuring fast response time for all prospective developments and third-party sponsors

What You'll Need:

• Bachelor's degree in business, finance, real estate or equivalent
• Excellent proficiency with Excel and other appropriate analytical software
• Ability to define problems, work with mathematical concepts/data, establish facts and draw valid conclusions
• Strong verbal/written communication and presentation skills
• Consistent record of providing excellent internal and external customer service

Nice To Have:

• Currently pursuing an MBA or master's degree in real estate or similar with a graduation date of spring/summer 2026

Why CBRE?

When you join CBRE you will have the support and resources of a global firm where an entrepreneurial mentality is encouraged. You'll realize your potential with exciting work, fast-paced assignments, an environment of constant learning and dedication to results! To enable your success, we provide the best tools, training and leaders in the industry.

Our culture is built on our RISE values and reflects the needs and perspectives of our clients and our people. Our work is guided by our North Star: Crafting the real estate solutions of tomorrow, so businesses and people thrive.

Coming to work for CBRE, you will receive a comprehensive benefits package, 401k, and extraordinary perks such as career growth and longevity!

Disclaimers

• The deadline to apply for this internship is January 10th, 2025. After this date, we will no longer accept applications for this position.

Trammell Crow Company carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum hourly rate for this role is $20/hour and the maximum salary for the position is $55/hour. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience.

Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company's success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).

NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.

Trammell Crow

When you're a part of Trammell Crow Company, a global commercial real estate development company, you're a part of a team that brings local ingenuity and global vision to everything we build. From Labs in Boston to Logistics in Prague to homes in Houston, we transform spaces into places, changing the way people and places connect.

With the spirit of entrepreneurship, innovation, and collaboration at our core, our people are committed to upholding our RISE (Respect, Integrity, Service, Excellence) Values. This drives our mission for a diverse, equitable, and inclusive workplace so business and communities thrive.

Trammell Crow Company's performance is fueled by our most powerful asset-our people. Comprised of teams possessing passion, innovation, and a visible culture of excellence, we welcome talent with diverse backgrounds and experiences across industries to apply for open positions.

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