Acquisition and Development - September- 6 month Internship

Tishman Speyer creates vibrant destinations and dynamic environments that inspire innovation and connected communities. As a diversified developer, operator, and investment manager of top-tier real estate in 33 markets across the globe, our business choices are driven by the belief that real estate should unlock human potential. Tishman Speyer’s diversified portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. By combining global perspective with local expertise, and a personalized approach, we are able to anticipate our customers’ evolving needs. We were the first real estate company to introduce asset-wide amenity services through our ZO platform, and the first traditional real estate company to create its own flexible space and coworking brand, Studio.

Since our founding in 1978, Tishman Speyer has acquired, developed, and operated 522 properties, totaling 218 million square feet, with a combined value of over $129 billion (U.S.). Tishman Speyer currently has approximately $68 billion in assets under management, including iconic properties such as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and Mission Rock in San Francisco.

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Responsibilities of the Role

Assist in conducting performance calculations for each TS asset:

• Support the various teams in Leasing, Property Management, Finance, Construction, Tax and Accounting teams to gather data relevant to each asset
• Assist with updating financial models and returns calculations on a quarterly basis
• Work with Portfolio Management to evaluate current property values
• Support the review of all asset materials to ensure total accuracy

Assist in dispositions process:

• Help create sale memoranda and data room
• Support in analyzing offers and run different exit strategies

Assist in creating presentations and reporting

• Support the preparation of information for senior management to take important strategic decisions regarding assets
• Assist in the creation of relevant presentations and memoranda for internal or external use
• Create and update reporting (investors, banks, administration)
• Support the preparation of reports for investors.
• Support the conduct of property inspections and operations review
• Review documentation (leases, contracts, condition reports)

Other

• Assist in financing and refinancing processes
• Assist in yearly budgeting campaign
• Assist in leasing and marketing campaigns
• Undertake market research and survey market rents, inventory, absorption, new construction
• Assist in assuring that all building data is current, accurate and resident on the Web platform at all times

Assist in evaluation of acquisitions

• Work with the other functions within TS (leasing, property management, asset management, and construction) to gather data relevant to asset valuation
• Help to develop asset acquisition financial analysis
• Help to create multiple scenarios using different finance strategies

Assist in the due diligence process

• Create and manage the detailed financial models
• Incorporate the results from the other TS function into the financial analysis
• Develop and maintain documentation
• Attend meetings with sellers, brokers and attorneys
• Undertake market research and maintain a data base of key transactions
• Review critical issue reports, newsletters, and publications to stay current re: TS specific and industry related issues
• Survey market rents, inventory, absorption, new construction
• Update/maintain internal market database

Required Skills / Experience

The candidate will interact with colleagues throughout the organisation and therefore should be articulate, with the ability to communicate effectively across all functions and levels, including senior management.

Required for the role is:

• A good understanding of European Real Estate investment markets and metrics.
• Strong quantitative and analytical skills
• Financial modeling skills including a high degree of proficiency with Excel, PowerPoint, Word.
• Demonstrable ability to think strategically and to present information in a clear and concise manner.
• Demonstrated initiative and sound judgment in managing multiple tasks.
• Strong problem solving skills.
• Good listening skills and responsiveness,
• Well-organised with exceptional attention to detail
• The ability to work independently and proactively.

Desirable but not essential:

• An understanding of real estate development would also be advantageous but is not essential.
• Commercial real estate know-how
• Other languages

Tishman Speyer is an Equal Opportunity Employer and shall treat all applicants for employment equally based upon job-related qualifications and without regards to race, color, age, sexual orientation, marital status, military or veteran status, national origin, disability, religion, or any other characteristic protected by law.

We are specifically seeking candidates who are eligible to work in the UK and are able to start in September for a duration of 6 months.