Description
Link Logistics Real Estate ("Link") is an industrial real estate operating platform owned by Blackstone. Link currently manages a national portfolio of high-quality, well-located industrial assets totaling over 400 million square feet throughout the United States, with approximately $1.5B in the development pipeline. Established by Blackstone in 2019 as a best-in-class logistics real estate operating platform, Link brings customers the highest quality logistics portfolio, operating at the highest standard. The company's properties are at the center of the modern supply chain, helping its customers move products faster and more efficiently than ever before. Link's real estate investment business operates a diverse portfolio, including an unsurpassed selection of last-mile facilities in highly sought-after urban infill locations.
Blackstone is a global leader in real estate investing. Blackstone's real estate business was founded in 1991 and has $174B of investor capital under management. The company is one of the world's largest property owners, owning and operating assets across every major geography and sector, including logistics, multifamily, and single-family housing, office, hospitality, and retail.
Link is looking for a current junior (rising senior) who would be interested in a real estate internship on our investments team in NYC this upcoming summer. Summer interns will have the opportunity to become exposed to a number of markets and properties across the industrial spectrum and can expect to have close interaction with a tight-knit investments team.
Summer interns will be part in the Leasing department and part in the Investment department, in our Chicago office. Real Estate Summer Interns are responsible for performing a wide range of ad-hoc analytical duties associated with operating a large and growing portfolio of industrial properties.
Summer interns will be expected to provide support to full time investment analysts and associates across all aspects of the new deal underwriting, due diligence and closing processes, including: reviewing iterations of purchase agreements and leases, tenant credit evaluations and financial due diligence, property tours and tenant interviews, tenant industry research and evaluation, site diligence on structural, environmental, zoning, etc. conditions, preparing investment models and investment committee memorandums, completing market research, creating management presentations and maintaining real estate sale and lease comparables for selected markets.
Summer interns will also be expected to support the leasing team by performing various analytical duties related to leasing, including: drafting Deal Approval Sheets, assisting in the annual budget, comparative lease analysis, meeting with brokers, lease restructure analysis, sale/leaseback analysis, and evaluating market trends.
Prospective candidates need not have prior work experience in real estate but should be interested in learning more about the industry. Candidates should be comfortable with Microsoft Excel, PowerPoint and Word and should also have an understanding of basic financial concepts used to evaluate investments and build models, such as simple cash flow analyses, time value of money, return on investment, etc.
Minimum 3.0 GPA required.
EEO Statement
Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations.
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