Intern, Investment Management and Development

Intern, Development and Investment Management (Hybrid), Parkbridge Management LP

Summer Internship - May-September 2024

Parkbridge is Canada’s leading developer and manager of more than 60

residential communities and 35 recreational RV resort communities.

Headquartered in Collingwood, Ontario, with properties in 70 municipalities across Canada, the Parkbridge team enriches the lives of its residents and guests by providing welcoming communities with quality amenities. It also offers an attainable path to homeownership through land lease opportunities.

Parkbridge is wholly owned by QuadReal Property Group, a global real estate company headquartered in Vancouver, British Columbia, with assets under management of over $70 billion.

We strive to embody our corporate values of Community, Authenticity, Respect, and Excellence in our relationships with colleagues, customers, and business partners and are looking for individuals with focus, ambition, and drive to join our team.

At Parkbridge, we are committed to investing in the future of students who are seeking a great opportunity to start and accelerate their careers. You have a number of unique accomplishments and experiences, which reflect in what we are looking for in future talent. We are happy to provide opportunities to give you a chance to leverage your skill sets in a supportive atmosphere.

This internship can work out of QuadReal's offices in downtown Toronto or Parkbridge's Collingwood head office.

Job Description

The analyst will support the Investment Management (Development, Asset Management and Acquisitions teams) for Parkbridge. These teams are responsible for evaluating development opportunities, reporting the performance of the portfolio, asset business plans, conducting acquisition and disposition underwriting, managing transactions, and producing investment memorandums, research reports and studies to drive decision making.

• Work with the investment teams to prepare return calculations and analysis for potential transactions, including the creation of cashflow models to anticipate future performance and the presentation of financial modelling outputs and conclusions.
• Preparation of financial analysis, proforma modelling, market reports and investment memoranda for a variety of purposes, including: property level hold-sell analysis; major capital and investments decisions; and as required, acquisition/disposition analysis.
• Active role in the creation and updating of annual business plans; operating budgets; and quarterly reports and presentations
• Assist the investment team with due diligence and other tasks required in the acquisitions/dispositions processes.
• Support the development team in analyzing new opportunities and provide analytical support in creating development models, scenario analysis and presentation material
• Gather and interpret market and economic research and co-ordinate integration with analysis and preparation of investment memos.
• Computing NAV, investment performance, real estate operating metrics, and other KPIs by maintaining Excel-based fund models
• Assist in the preparation of monthly/quarterly and ad hoc management reports for senior management
  
  

Qualifications and Experience

Education - Enrolled in an accredited University program and able to demonstrate an early understanding of corporate finance concepts and best practices; preferably working towards a Real Estate or Finance specialization.

CFA or CAIA, and or AACI enrolment is considered an asset.

Ability to demonstrate acumen in financial modelling.

Analytical - Strong quantitative and analytical skills; detail-oriented and proficient in building and handling complicated data sets

Communication - Excellent communication and presentation skills; demonstrate an ability to effectively communicate and present results that articulate key themes and messages.

Organization - Must be able to allocate time effectively and work under pressure to meet tight deadlines, handle multiple demands and competing priorities, and adapt to new ideas and change. Comfortable following direction but also contributing to the direction.

Software - Must have advanced knowledge of Excel, PowerPoint and Word;

Proficiency working with large structured datasets and databases (MS Access & SQL)

Relationship - Must be extremely proactive and work well in a collaborative environment, with the ability to take guidance but then move projects forward independently.

Experience - Previous experience working with a real estate company (asset manager or developer), real estate brokerage or advisory firm, appraisal firm, or real estate lender is desirable. A strong interest in developing a career within real estate is essential.

Application Information

Candidates from diverse groups are encouraged to apply. We are committed to fostering an inclusive, barrier free and accessible environment. If you have been contacted for an interview and require an accommodation to participate in the recruitment and selection process, please advise, and we will work with you to meet your needs.

Please note that applicants must be able to successfully pass a pre-employment criminal background check.