HHC Real Estate Internship

Job Description

HHC Real Estate Internship
June 5th-August 11th, 2017
 
The Howard Hughes name is synonymous with entrepreneurial vision, tenacity and a pioneering spirit, values that today are embodied by The Howard Hughes Corporation.  While Hughes’ passion for aviation and the silver screen are legendary, it was his visionary investment in real estate that forms the bedrock of the company today.  At the core of our DNA we believe we can Make Life Extraordinary.  For our people, for our stakeholders, for our shareholders and for the people that live, breathe, consume and experience our brand.
 
We believe in “Thinking Big” at The Howard Hughes Corporation.   We are driven by entrepreneurialism, a passion for excellence, and an unrelenting dedication to success.  Our mission is to be the pre-eminent developer and operator of master planned communities and mixed-use properties.  We create timeless places and memorable experiences that inspire people while driving sustainable, long-term growth and value for our shareholders. We create environments where people want to live, work, shop, dine and play from coast to coast to coast.
 
POSITION SUMMARY:  
We are looking for a talented Real Estate Intern to join our team at The Howard Hughes Corp. This exciting role requires superior attention to detail, the ability to meet tight deadlines, great organizational skills, and the ability to juggle multiple critical requests.  This opportunity is perfect for students interested in a real estate career and to learn the commercial real estate industry from the ground up and interact with top line real estate executives.
 
CURRICULUM COULD INCLUDE, BUT IS NOT LIMITED TO:  
  • Market rent for operating properties
  • Research and obtain data reports for subject markets;
  • Move data from assembled rent rolls of other properties;
  • As needed, make calls and contacts to brokers within subject markets; and
  • Assemble and organize data into a format that HHC can update across offices (SharePoint).
  • On-going asset management
  • Assign one property per intern;
  • Participate in the monthly cycle of operations and “participate” on calls;
  • Learn reports and expectations; and
  • Help, as needed, with monthly property-level reporting.
  • Property tour
  • Pick one sub-market within Dallas with new retail;
  • Intern will complete a brief market study; and
  • With asset management team, drive the area and walk relevant retail.
  • Lease abstracts
  • Coordinate with legal to ensure that all needed leases are abstracted;
  • Abstract those that remain;
  • Review abstracts with asset management and legal for comments.
  • Tenant sales
  • Create Excel worksheet on SharePoint with rolling 12 month sales for national tenants within the portfolio; and
  • Research and add data for comparable sales for these retailers.
  • Property tenant sales
  • Create Excel worksheet on SharePoint with rolling 12 month sales operating properties within the portfolio; and
  • Research and add data for comparable sales for these centers using ICSC, REIT filings and research reports.
  • Identify institutional holders of HHC common stock
  • Assist management in becoming more familiar with our institutional shareholder base while learning about how the capital markets operate using a list of top 30 institutions and dividing them into 2 groups. Intern will take 15 funds and create a small package for each including fund overview, articles/ news clips about the fund from web sources, key statistics, assets under management, key personnel, list of holdings and most recent 13F/D filing for HHC stock showing
 
KNOWLEDGE, EXPERIENCE AND SKILLS:
  • Commercial real estate industry experience strongly preferred.
  • Strong financial analysis and statistical background.
  • Inquisitive and intellectually curious.
  • Comfortable working with large databases.
  • Ability to build positive working relationships with employees at all levels within the organization.
  • Exercise sound judgment when making decisions.
  • Work overtime as required.
  • Able to meet deadlines.
  • Effectively work with minimal supervision.
  • Strong attention to detail.
  • Exceptional communication skills both verbal and written.
  • Good problem solver/critical thinker.
  • “Can-do” attitude, pro-active and resourceful.
  • Highly proficient in Microsoft office applications specifically Excel and Power Point.
EDUCATION, CERTIFICATIONS AND LICENSES:
  • Bachelor’s Degree in Business Administration with emphasis in Real Estate Finance, Accounting, or related field required. A minimum GPA of 3.2 is preferred.
  • One (1) to three years (3) of experience with financial modeling and/or underwriting highly desired, or relevant business experience, required. Qualifying May 2017 graduates with relevant work or internship experience will be considered.
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