Trammell Crow Company is looking for Summer Interns
Trammell Crow Company (TCC), founded in 1948, is one of the nation's leading developers and investors in commercial real estate. The Company has developed or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of June 30, 2021, TCC had $15.2 billion of projects in process and $9.6 billion in its pipeline. It employs nearly 625 professionals in the United States and Europe.
Trammell Crow Company's teams are dedicated to building value for its clients with professionals in 25 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/redevelopment ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, and the world's largest commercial real estate services and investment firm (in terms of 2020 revenue). For more information visit www.TrammellCrow.com.
POSITION SUMMARY:
The intern's primary responsibility will be involved with various aspects of real estate development and can include financial modeling/underwriting of prospective investments and developments, coordination of due diligence, lease analysis, dispositions and fund contributions, responding to Request for Proposals, inputting and updating project information in the ELITE system, presenting/preparing financials and approval packages to the Investment Committee, and direct research projects.
JOB RESPONSIBILITIES (may include one or more of the following)
* 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 statements, 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, including: rental rates, vacancy rates, historic absorption rates, cap rates, current and future competition, demographic statistics, leasing information and other local market data as necessary
* Participating 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
* Coordinating 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
* Maintaining interface with external clients, capital partners, investors, lenders and internal business units, ensuring fast response time for all prospective developments and third-party sponsors
