Development Intern

Position Type:

Full time

State: 

Texas

City: 

Austin

Zip Code:

78705

Overview

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role

As a Real Estate Development Intern, you will work closely with our development team, gaining exposure to aspects of the real estate development lifecycle, including site acquisition, financial analysis, permitting, design, deal making, construction, and marketing. This position offers the opportunity to develop critical skills in real estate analysis, negotiations, project management, and urban planning by working on real deals in our pipeline.

This internship is ideal for someone who is motivated to learn, grow, and potentially transition into a long-term role within the organization.

Key Responsibilities:

• Assist in the financial analysis of potential development projects, including market research, cost estimations, and proforma modeling.

• Support the due diligence process by researching zoning, land use, and environmental requirements.

• Collaborate with team members in preparing presentations and reports for clients, investors, and stakeholders.

• Monitor project timelines, budgets, and documentation to ensure milestones are met.

• Help track project progress through site visits and coordinating with contractors, architects, and other team members.

• Assist with preparing applications for permits and other regulatory approvals.

• Conduct market research on industry trends, competitor activity, and local market conditions.

• Attend meetings with clients, stakeholders, and local government officials as needed.

Qualifications:

• Currently pursuing a Master's degree in Real Estate, Urban Planning, Business, Finance, or a related field.

• Strong interest in real estate development.

• Basic knowledge of real estate principles, including finance, construction, and market trends.

• Proficient in Microsoft Office Suite (Excel, PowerPoint, Word).

• Strong communication skills, both written and verbal.

• Ability to work independently and collaboratively in a team environment.

• Detail-oriented with excellent organizational skills.

Preferred Skills:

• Prior experience in real estate, design or construction.

• Knowledge of local real estate market.

• Familiarity with financial modeling and investment analysis.

How AvalonBay Supports You

We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.

We offer:

• Opportunities to advance your skills and grow your career through on-the-job training.

• Exposure to a growing industry with opportunities for advancement.

• Thousands of local and national discounts through AvalonBay PerkSpot partnership.

• A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement

Additional Info

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment.  We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.

AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)