Intern - Development - DC

Fairstead is a purpose-driven real estate firm dedicated to building sustainable communities across the country. Headquartered in New York, with offices in Colorado, Florida, and Washington DC, Fairstead owns a portfolio of more than 25,000 apartments across 28 states that includes 17,000 units under management. Fairstead’s commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, design and construction, asset management, and property management.

Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator.

Fairstead’s Core Values: Innovation, Determination, Integrity, Humility, Empathy and Partnerships

During the internship, you will be exposed to the day-to-day challenges of acquiring, developing, renovating and placing in service of affordable housing units across the US, among other projects in Fairstead’s pipeline.

Responsibilities:

• Assist in the financial modelling of acquisition and development projects
• Assist with due diligence activities
• Assist with funding and regulatory applications
• Participate in project meetings including financing, design, construction, and closing calls
• Lead and present on multiple research projects focused on the real estate industry and affordable housing

Requirements:

• The ideal candidate would have a background in city planning, architecture, acquisitions, real estate development or real estate finance in the US
• Conversant in deal underwriting and financial modeling
• Knowledgeable in general real estate practices and principles
• Offsite meetings will be required – including travel

Diversity in backgrounds and experiences is key to Fairstead’s success. Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks.