2021 Summer Analyst
Mack Real Estate Group
New York, NY
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Confidential
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Intern, Full Time
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Office
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Job Description
Company Background
Mack Real Estate Group (“MREG”) was founded in 2013 by William, Richard, and Stephen Mack (collectively, the “MREG Principals”). MREG is an integrated owner, operator, developer and lender devoted to managing institutional capital, high net worth capital, and the Mack family’s capital through direct and partnership investments in real property, real estate debt, and related securities. The MREG Principals have decades of combined global real estate investing experience. MREG is headquartered in New York City and has development offices in Los Angeles and Seattle. MREG and its commonly controlled affiliates have approximately 200 professionals.
While the company is opportunistic and maintains a flexible approach to real estate investments, the current equity investment focus is on urban multifamily development and investment in high barrier to entry, major US urban markets. MREG has approximately 6,000 units in various stages of development and operation.
Mack Real Estate Credit Strategies, L.P. (MRECS) is the credit investing platform affiliated with Mack Real Estate Group that was founded in 2014.
Mack Property Management ("MPM"), a commonly controlled affiliate of MREG, provides comprehensive property management and construction management services. MPM currently manages over 4,000 rental units and over five million commercial square feet. MPM has approximately 100 professionals in markets throughout the U.S.
Summary
At MREG, we look to attract and retain intelligent, motivated and team-oriented people who can contribute to our culture of integrity, professionalism and excellence. MREG has become a trusted partner for some of the world’s largest institutional investors. We foster an environment that encourages independent thinking and rewards initiative. The breadth of MREG’s platform across various geographies and real estate sectors gives our employees significant opportunity to learn and grow. MREG places a great emphasis on collaboration, dedication, creativity, integrity, client service and entrepreneurial spirit.
The MREG Summer Analyst Rotational Program is a paid 10-week assignment for undergraduate students. The program offers exposure to all disciplines of real estate investment, including acquisitions/originations (equity and debt financing), development (including design and construction), asset management (including refinancing, disposition, leasing, and property management), and investor relations.
Essential Functions
The Analyst’s responsibilities will consist of researching, reviewing and understanding revenues/expenses of individual properties and markets and applying various valuation techniques, such as discounted cash flow, comparable property, and direct capitalization, to produce accurate current and future valuations of each asset. The Analyst will assist with ad-hoc projects and analyses as investment opportunities arise. The Analyst must demonstrate strong organizational and time management skills and be able to work both independently and as a productive member of the investment team.
Responsibilities may include but are not limited to:
Assisting with financial analyses
Reviewing cash flows and financial statements
Conducting market research
Managing document control related to due diligence processes
Qualifications
Summer Analyst applicants should be in their third year of University/College
Strong analytical/quantitative skills, with rigorous attention to detail
Strong skills in Microsoft Excel, PowerPoint, and Word
Knowledge of financial concepts
Strong interpersonal/communication skills
“Self-starter” attitude matched with an ability to organize, multi-task, and prioritize in order to meet critical deadlines and thrive in a fast-paced, creative, and entrepreneurial environment
Travel
Local travel to and from sites.
How to Apply
Please submit a 1-page cover letter and resume. The recruitment process decisions will be made on a rolling basis.
Job Functions
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