Prometheus Summer Internship - Asset Management

ABOUT PROMETHEUS

Founded in 1965, Prometheus is the largest privately held owner of apartments in the San Francisco Bay Area, with a portfolio of over 13,000 apartments in the Silicon Valley, Portland and Seattle regions. We invest in real estate long-term and the focus on enduring quality drives every element of what we do - from our selection of locations, design decisions, reinvestments into our Neighborhoods and our operating strategy.

We are a B corporation, part of a group of companies that meets the highest standards for using business as a force for good. We have more than 500 Prometheans, and have a home office in San Mateo, with satellite offices in Portland, Oregon and in the Bay Area. We are a vertically integrated company with four main core competencies in-house: acquisitions/investments, development, value-add renovations and operations/property management. Prometheus has a long history of award-winning approaches to what we do, receiving over 100 awards for design and excellence including Fortune Magazine’s list of 100 Best Small & Medium Companies, the 100 Best Workplaces for Women and the Best Places to Work in the Bay Area.

OUR PURPOSE

We are focused on Good Living for the Greater Good. This means providing a true sense of home and belonging for our Neighbors and Prometheans and giving our time and resources to bring positive change locally and beyond. It also means supporting you in your career goals with the very best working experience, and that starts with us having fun in the work we do together.

INTERNSHIP SUMMARY

Prometheus Summer Internship Program is a paid program that will provide you with an inside look at the real estate operations of Prometheus, the largest private owner of multi-family properties in the Bay Area.  The internship is intended to provide a unique opportunity to earn valuable experiences by working directly with the department managers on a daily basis. Your responsibilities will focus on providing assistance to your immediate department in the execution of daily tasks and support of internal and external customers by collaborating with others on providing outstanding service to our Prometheans, Neighbors, and Vendors. Areas of learning will include becoming familiar with varying types of real estate transactions and their associated documents, and cross-functionality in a diverse working environment. This role will require you to work up to 40 hours per week, for a duration of 9-12 weeks.

ABOUT YOU

• You are a current student and are interested in learning more about real estate asset management
• You’re curious, analytical, and enjoy working with data to make measurable impact on the operational and financial performance of a tangible asset class
• You’re a self-starter, resourceful, and can prioritize assignments in a fast-paced environment

ABOUT THE ROLE

As our Asset Management Intern, you will focus on developing an understanding of the following core competencies of our operations:

Leasing & Strategy

• You will shadow an Asset Manager during weekly and bi-weekly Leasing & Strategy calls with On-Site leasing teams
• You will shadow an Asset Manager during daily pricing and rate acceptance to understand inputs as they relate to leasing & strategy planning
• You will tour Prometheus-owned properties collaborating with On-Site teams to collect data used in leasing and strategy decisions
• You will shop competitors to gather data that informs leasing & strategy decisions

Reporting & Analysis

• You will assist with scheduled weekly, monthly, and quarterly report preparation as they relate to our asset management platform
• You will assist with scheduled weekly, monthly, and quarterly data gathering as it relates to acquisition and development underwriting efforts for current and prospective projects
• You will assist in benchmarking portfolio performance, calculating ROIs for future and existing repositioning efforts
• You will assist in ad hoc modeling to support decision-making and strategy development

Due Diligence

• You will assist with coordinating and procuring due diligence requests as the relate to lender requirements, third party consultants, and acquisition and development underwriting efforts

Other

• Over the course of the internship, you will create a capstone presentation that you will present to the executive team along with the other interns in your cohort

HERE’S MORE OF THE NITTY-GRITTY: 

Our Asset Management Intern possesses the following experi