Prime Group Holdings, LLC, a vertically-integrated private equity real estate firm focused on self storage and other alternative real estate asset classes, has an exciting opportunity for a talented Acquisitions Intern to join its team in Saratoga Springs, NY for the Summer.
With $6.6 billion in assets under management, Prime Group is one of the largest private owners and operators of self-storage properties in the world, owning and operating over 310 self-storage assets in 28 states, two Canadian provinces and the U.S. Virgin Islands containing over 23 million rentable square feet. The firm manages three flagship funds on behalf of a global investor base, including the largest self-storage dedicated fund ever raised, Prime Storage Fund III.
Headquartered in Saratoga Springs, NY, Prime Group has more than 700 employees. The firm has a regional office in Jupiter, FL and investment originations offices in Denver, CO, Hackensack, NJ, Yorktown, VA and Calgary, Alberta. Prime Group’s 21-person senior leadership team is supported by teams including sourcing and acquisitions, asset and portfolio management, compliance/legal, property management, information technology, transactions/financing, marketing, accounting and training, among others.
Prime Group’s success is built on a culture of respect, teamwork, business ethics, accountability and persistence. The company deeply values the strong relationships it has built with its customers, employees, investors and stakeholders. Pitchbook, a leading resource for comprehensive data, research and insights spanning the global capital markets, named Prime Group as one of the top 10 real estate value-add fund managers in Pitchbook’s 2023 Global Manager Performance Score League Tables.
The Acquisition Intern will work to support the commercial real estate assessment and acquisition process to ensure Prime Group Holdings can continue to acquire properties that meet its acquisition criteria in support of the company’s aggressive growth plans. This will be an excellent opportunity to learn about commercial real estate investment and management. The person holding this position will consistently exercise discretion and independent judgment. This position is ideal for someone who is driven, passionate, charismatic, detail oriented, a “power user” in Excel and interested in growing their career in the commercial real estate industry.
Essential Responsibilities:
- Assist in sourcing potential self-storage acquisition opportunities throughout the United States
- Support in underwriting new self-storage acquisition opportunities utilizing advanced capabilities with Excel
- Assist in managing the underwriting queue by prioritizing individual deals in relation to other deals in the queue / additional responsibilities
- Assess seller / broker provided documentation to ensure that all requisite information has been furnished and validated for each deal
- Effectively assess viability of new markets / feasibility of new deals within said markets
- Research market rates for each prospective facility
- Utilize external / internal resources to research predict future property taxes, capital expenditures and closing costs
Qualifications
- Rising Senior or Junior in college with prior experience preferably in the commercial real estate industry or complimentary industry
- Excellent time management, organizational skills and attention to detail
- Ability to work with employees at all levels within the organization
- Proficient in MS Office (Excel, Word, Outlook, PowerPoint)
- Ability to prioritize and meet deadlines in a fast-paced environment
- Excellent interpersonal and communication (written, verbal / presentation based) skills
- Ability to adapt to change within a fast-paced environment
- Ability to take initiative and embraces continuous improvement in work ethic
- Courteous, collaborative, diplomatic and professional
- Opportunity to prove yourself and transition to a full-time position
EQUAL OPPORTUNITY EMPLOYER STATEMENT
Prime Group Holdings is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.
