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2801 Real Estate Intern - Greensboro, NC

The Organization:

Self-Help is a leading national community development financial institution (CDFI) headquartered in Durham, NC. Founded in 1980, Self-Help has provided over $7 billion in financing to 131,000 families, individuals and businesses underserved by traditional financial institutions. It helps drive economic development and strengthen communities by financing hundreds of homebuyers each year, as well as nonprofits, child care centers, community health facilities, public charter schools, and residential and commercial real estate projects. The Self-Help family of non-profit organizations includes North Carolina’s Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending, a national policy and advocacy organization addressing abusive lending practices. Through its credit union network, Self-Help serves over 129,000 people in North Carolina, California, Chicago and Florida and offers a full range of financial products and services. Learn more at www.self-help.org, www.self-helpfcu.org and www.responsiblelending.org.

Internship Program: 
Self-Help/CRL offers a 10 week summer internship program that is designed to give students valuable experience in a professional setting while broadening their knowledge of Community Development Financial Institutions (CDFI’s). Along with each specific intern project, the intern will participate in a series of brownbag lunches to learn more about Self-Help and the Community Development industry as a whole. Interns will also be given the opportunity to network with one another and other Self-Helpers through a variety of planned events.

Internship Description: The Real Estate team will be working to advance several projects in 2019 at Revolution Mill, a 500,000+ square foot historic mixed-use development in Greensboro (www.revolutionmillgreensboro.com). The Real Estate Intern's tasks will be related to feasibility research, analysis for commercial real estate development, and Community outreach and engagement. The intern should be able to complete most of the following types of tasks with minimal training by the supervisor:

Essential Responsibilities: 
Actively support pre-development and development work for the 45-acre mixed-use campus including;

  • Research and pursue a comprehensive rezoning strategy for the campus to accommodate future phase uses.
  • Conduct market research for various building programs to demonstrate area supply, demand, and expected rents for future phase development.
  • Analyze a building for key development and programmatic considerations (i.e. determine what size of building could be built on a site given the acreage, topographic conditions, zoning or design guidelines, and parking minimums.)
  • Investigate the financial feasibility of a project by building “back of the envelope” and Excel financial models, where appropriate.
  • Provide support work to projects including Greenway development, placemaking, leasing, and asset management.

· With Self-Help staff, attend and participate in meetings with consultants, tenants or prospective tenants, stakeholders, or community members (i.e. you may prepare prospect lists and help to arrange meetings with local business owners.)
Evaluate and synthesize existing community plans in order to inform development strategies for the neighborhoods in which Self-Help works.

  • Compile and analyze demographic data at regional, city and neighborhood levels. Prepare plans and procedures for targeted Community outreach and engagement.
  • Communicate effectively and respectfully with community groups and Self-Help partners.

Minimum Qualifications:

  • Working knowledge of the principles and practices of mixed-use development projects.
  • Basic understanding of financing sources for development projects, including debt, equity, and subsidies such as the Historic Tax Credits and the New Markets Tax Credit program.
  • Familiarity with the Greensboro/Triad real estate market.

Desired Qualifications:

  • Classroom or working experience conducting market research and analysis for office, retail, hospitality, and multifamily residential projects.
  • Classroom or working experience developing pro forma financial models for real estate projects.

Physical Requirements: 
Frequently requires use of manual dexterity and repetitive motions, primarily with the wrists, hands, and/or fingers. Must be able to occasionally lift and exert force of up to 10 pounds.

Compensation: 
TBD

Application: 
Please submit a thoughtful cover letter describing why you are interested in this internship and a resume to internships@self-help.org  with the internship title as the subject by February 25, 2019.

Self-Help is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, gender, religion, disability that can be accommodated, marital status, ancestry, nationality, family status or sexual orientation.