MG Properties

  • Investments Intern

    Job Locations US-CA-San Diego
    Posted Date 5 days ago(1/10/2019 7:04 PM)
    Job ID
    2019-2341
    # of Openings
    1
    Category
    Corporate Office- Investments/Acquisitions
  • Overview

    The MG Properties Group has been actively involved in the acquisition, development, rehabilitation and management of apartment properties since 1992. MG Properties Group manages over 50 apartment communities, which consists of over 17,000 apartment homes in California, Arizona, Nevada, Washington and Oregon with a total market value of over $2 billion!

    Responsibilities

    Assists the Director of Investments and Financial Analyst by performing underwriting and administrative functions required in the investment analysis and decision process as well as general administrative support to other members of the investments team and as requested by the Chief Investment Officer.

     

    Assist in the acquisition of apartment community investments by supporting market research and financial analysis (“underwriting”):

    • Research markets for Deal Managers including demand/supply dynamics, employment trends, and other relevant information
    • Input rent rolls into Excel; create formulas to analyze rent rolls
    • Draft Letters of Intent and Transaction Letters
    • Conduct market research surveys and reports
    • Use Excel, Word and Powerpoint to create charts and presentations
    • Assist in the preparation of memorandums, mortgage applications, investor information schedules, and property financing analysis
    • Responsible use and maintenance of shared network files
    • Use phone and email to communicate questions, task progress and results
    • Review and organize property information
    • May assist other corporate team members as required

    Qualifications

    • A high school diploma or GED is required
    • College degree program enrollment is required
    • Completion of education/training in related real estate industry courses preferred
    • Prefer prior work experience in a professional environment
    • Strong interest in the real estate investment industry, multi-family specifically
    • Must have demonstrated knowledge of office system computer software 
    • Attention to detail, effective communication, organization of time and information, interpersonal skills including listening, questioning, seeking clarification, and team work
    • Problem solving with a deadline and results oriented approach to projects
    • Self-starter, able to work independently
    • Investment and business math proficiency (DCF, IRR, ROE)
    • Review, understand and analyze basic business statements such as P&L statements and balance sheets
    • Reading comprehension and interpretation for market research
    • Willingness to learn industry specific terminology
    • Strong writing and computer skills (Mandatory: Excel, Word, Outlook, Explorer)
    • Proficient typing

     

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