Job description
Acquisitions Off-Cycle Internship - October 2023
Starwood Capital Group is a private investment firm with over $120 billion in assets under management and a primary focus on real estate. The Firm maintains offices in Miami (Headquarters), Arlington, Atlanta, Chicago, Dallas, Greenwich, Los Angeles, San Francisco, Washington, D.C., and affiliated offices in Amsterdam, Hong Kong, London and Luxembourg.
Starwood Capital’s hallmark is to invest opportunistically, moving between asset classes, geographies and positions in the capital stack as the firm perceives risk/return dynamics to be evolving. The firm has invested in nearly every class of real estate on a global basis, including residential, hotel, office, retail, industrial and student housing assets.
Our size and structure provide Off-Cycle Interns with a high level of responsibility and the unique opportunity to work directly with senior management, joint venture partners, investment bankers, brokers, and commercial lenders in all real estate asset classes and across several European geographies. You will generally be working in lean deal teams, made up of an MD, VP/Associate and Analyst.
Job Overview:
As an Off-Cycle Intern at Starwood Capital, you will be responsible for analysing potential investment opportunities and supporting the investment decision-making process. You will work as part of the investment team and contribute to the identification, evaluation, and execution of investment opportunities across different geographies and asset classes.
Duration: 3-6 months
Key Responsibilities:
- Conducting Market Research: You will be responsible for conducting research and analysis to identify potential investment opportunities in different geographies and asset classes. This will include analysing market trends, supply and demand dynamics, and economic indicators to assess the attractiveness of different markets.
- Financial Analysis: You will be assisting in performing financial analysis and underwriting of real estate investments. This will include building cash flow models, conducting sensitivity analysis, and assessing the risk-return profile of different investments.
- Due Diligence: You will be responsible for supporting the due diligence process for potential investments. This will include reviewing legal documents, financial statements, and property-specific information to identify potential risks and opportunities. You will work closely with the legal, tax, and accounting teams to ensure a comprehensive understanding of the investment.
- Investment Memos and Presentations: You will be contributing to the preparation of investment memos and presentations for the investment committee. This will require you to effectively communicate the investment thesis, key risks, and financial projections in a clear and concise manner.
- Acquisition and Financing: You will be assisting in the negotiation of acquisition and financing terms. This will require you to work closely with the investment team, legal, tax, and capital markets teams to ensure the terms are favourable and aligned with the investment thesis.
Overall, the Off-Cycle Intern at Starwood Capital will play a critical role in identifying, evaluating, and executing real estate investment opportunities across different geographies and asset classes. They will work within the investment team and other functional groups to ensure successful execution of the investment strategy.
Requirements
- Strong academic background having recently received an undergraduate or master’s degree.
- Some relevant prior work experience through internships in investment banking, private equity, real estate investment or similar
- Native level written and spoken English
- Proficiency in Word and Powerpoint, with a mastery of Excel.
- Superior analytical, quantitative and technical skills
- Strong attention to detail
- Highly organised
- Strong judgement and decision making skills
- Ability to perform advanced mathematical calculations
- Good knowledge of accounting and finance
- Ability to work independently and as a team, in an entrepreneurial environment.
- Ability to communicate effectively with all levels internally and externally
- Strong work ethic with the ability and desire to work unsociable hours
- Second European Language is advantageous.