Summer Intern, Asset Management – Portfolio Management, Commercial & Industrial Group

Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.   

Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers. 

Internship Program Overview: Our 2025 Summer Internship Program is a paid 10-12-week internship program, scheduled to begin on June 2, 2025. Interns are expected to work full-time throughout the summer.  

Summer interns will join an intern class consisting of undergraduate and graduate students to work on exciting projects in one of EDC’s many dynamic departments. Summer Interns will also participate in training programs, networking events, and other professional development opportunities over the course of the program.  

Our Summer 2025 Internship Program application deadline is Monday, December 2. All materials must be submitted by EOD that date – incomplete or late applications will not be considered. 

Department Overview: 

NYCEDC’s Asset Management (AM) Division manages the overall strategy for conventional and non-traditional assets across all five boroughs of New York City including commercial real estate properties as well as transportation, critical infrastructure, and energy assets. The Asset Management division pursues a double-bottom line strategy, targeting not just economic returns but also multiple social metrics including but not limited to job creation and growing equitable neighborhoods. The overall assets are divided into multiple portfolios, each managed by an Asset Manager/SVP, with a Business Operations department that monitors and enforces standards and practices across the portfolio.   

The Portfolio Management department within the Asset Management division manages the overall strategy for conventional and non-traditional assets across all five boroughs of New York City. The portfolio includes commercial real estate properties as well as transportation, port assets, critical infrastructure, and energy assets. As a mission-driven organization, NYCEDC targets not just economic returns but also multiple social metrics including but not limited to job creation and growing equitable neighborhoods. The overall assets are divided into multiple portfolios. The division-wide portfolio encompasses property types including those that are standard in the real estate industry (retail, commercial, industrial), port assets (NY Cruise, rail, maritime and aviation) as well as assets particular to the public sector (public retail and wholesale markets, Broadway and non-profit theaters, and affordable industrial and commercial campuses). In Fiscal Year 2019, the department actively managed over 220 properties and over 65 million square feet at an over 95% occupancy rate, generating more than $270 million in revenue. 

The Commercial and Industrial group at NYCEDC manages a massive real estate portfolio of nearly every asset type and various stages of the real estate cycle across all five Boroughs of New York City, driving triple-bottom line targets for the organization. 

Intern Responsibilities: 

• Working within Commercial and Industrial portfolio on real estate assets that may span across all five Boroughs. 
• Contribute to the completion of specific projects across the Commercial and Industrial Group. 
• Participate in the real estate market due diligence, financial analysis, and development of Requests for Proposals and Scopes of Work for feasibility analyses. 
• Support lease negotiations with tenants. 
• Participate in project management, construction, and environmental remediation meetings. 
• Engage with local stakeholders through task forces, community engagement, and programming. 
• General exposure to NYCEDC's asset portfolio, with other tasks as needed. 
• Assist the Portfolio Managers across the Commercial and Industrial Group with lease administration and other tasks, as needed. 

Qualifications & Requirements: 

• Pref