Internship
Position Category: Investment/Asset Management
Position Title: Internship - Real Estate Asset Management
Job Level: Non-Exempt
Location: USA - CA - San Francisco
Education Required: High School Diploma or Equivalent
Position Description:
Morgan Stanley Real Estate:
Morgan Stanley Real Estate's businesses span the Firm's Investment Banking and Investment Management Divisions providing a broad range of financing, advisory and investment management services to real estate companies and investors. Morgan Stanley Real Estate has built market leading capabilities in our three major businesses: Real Estate Banking, Real Estate Investment Management and Real Estate Lending. These fully integrated businesses operate globally to provide clients with a uniquely insightful view of the real estate investment and capital markets. Morgan Stanley Real Estate offers clients unparalleled access to global capital, objective advice and innovative structuring capabilities and superior investment performance via an array of investment products and strategies designed to match their diverse needs.
Since 1991, Morgan Stanley Real Estate has acquired $173.5 billion of real estate assets worldwide and currently manages $62.7 billion in real estate assets on behalf of its clients. A complete range of market-leading investment banking services for real estate clients include advice on strategy, mergers, acquisitions and restructurings, as well as underwriting public and private debt and equity financings. As a global leader in real estate lending, Morgan Stanley has offered approximately $210.9 billion of CMBS through the capital markets since 1997, including $2.9 billion in 2008.
Intern Responsibilities:
As a member of Morgan Stanley's Real Estate Asset Management team, the individual will play an integral role working with all senior staff members in fulfilling specific property and/or portfolio level responsibilities. Responsibilities will focus on providing analytical support for the asset management team utilizing Dyna and Argus cash flow and Excel software, business plan modeling, MRI implementation and support, legacy asset support and monthly variance analysis.
The internship will give you a realistic view of asset management as you spend your time working on a variety of transactions and business development initiatives. You will build a strong foundation in the basic skills of financial problem solving, negotiation and execution, and gain experience in marketing the firm's products and services effectively.
Primary Responsibilities:
• Cash flow analysis (Sensitivity analyses, update quarterly cash flow models, perform annual asset valuations, in-depth valuation and hold/sell analyses)
• Review and assist in preparation of budgets and preparation of strategic plans
• Prepare quarterly client reports
• Analyze and review leases
• Work directly with asset managers, leasing and property management teams on approximately 30 - 35 assets
• Coordinate and review third-party independent appraisals as wells as preparation of internal valuations
• Participate in ad hoc analyses on a national basis
• Assist with acquisition and disposition due diligence and asset financings
Skills Required:
Skills/Experience/Education Required:
• Working towards an undergraduate degree, preferably in Accounting, Finance, Real Estate or engineering/physics or with appropriate course work in accounting, finance and real estate acceptable
• Strong analytical and computer skills; Excel required
• Working knowledge of cash flow modeling a plus;
• Knowledge of property-level financial statements and basic accounting a plus
• Strong communication skills given the need to communicate effectively in oral and written form with clients, property staff, colleagues and members of the real estate community
• Strong team player
• Committed to delivery highest quality work product; strong attention to detail
• Proactive; self motivated and goal oriented
• Ability to effectively prioritize handle multiple tasks
• Ability to work under tight deadlines and in a team environment
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