Union Property Capital (UPC) has created an internship opportunity for a candidate interested in entering the field of commercial real estate with a focus and interest on analytics.  The opportunity will introduce the candidate to Property Management and Asset Management. 

Internship Description

Property Management (UPC)

• Accompany management on property inspections with various vendors such as janitorial and landscape contractors
• Field Tenant and Vendor calls related to building operations
• Introduction to Service Contracts
• Certificate of Insurance tracking for Tenants and Vendors
• Review monthly financial reports/learn how to read and interpret the income statement
• Lease Term Review/Lease Abstracts
• Review a Property Budget
• Tour the “Back of the House” of an office building
• Introduction to capital project coordination

 Asset Management

During the candidate’s time internship, s/he will participate in a 2-week rotational program through the property’s Institutional Owner, ASB Real Estate Investments (ASB).  This two-week rotation will be located at ASB’s headquarters in Palo Alto, CA and will expose the candidate through the Owner’s Capital Investments Group, Client Service team and Portfolio Management team with the aim of experiencing all aspects of investment and asset management and the Company’s culture.

• Contribute to asset management activities on Owner’s broader portfolio including office, industrial, self-storage, residential, and retail assets. Participate in lease update meetings, property management communications, capital expenditure projects, budgeting and appraisal efforts, and other operational activities associated with management of real estate assets.
• Participate in acquisition activities, as available, including initial review of target acquisitions, due diligence efforts, market reviews and broker discussions, preparation and presentation of investment memorandums, and other efforts supporting acquisition and underwriting of investment opportunities.
• Observe research meetings where deliverables are discussed and developed covering sector insights, market screens and target investment theses.
• Partake in critical meetings specific to fund operations including acquisition and leasing pipeline, as well as cash and liquidity planning.
• Participate in investment consultant and client updates covering fund performance, investment dynamics and market outlook.
• Shadow members on client calls and aid in responding to client information requests.

• Currently majoring in Business or Real Estate with experience and a focus on analytics
• Proficiency with Microsoft Office Suite
• Detail oriented and thorough
• Excellent interpersonal skills with high initiative, flexibility, and team approach to work
• Excellent oral and written communication skills  
• Ability to multi-task and meet deadlines
• Strong proofreading skills
• Effective listening and critical thinking skills

Physical Requirements

• Involves work of a general office nature; typically includes extended periods of sitting and/or operation of a computer
• May involve periods of standing, such as operating at a copier/fax/scanner
• Involves movement between departments, floors, and properties to facilitate work
• Involves work such as conducting tours throughout the property/portfolio, usually performed by walking and/or climbing stairs
• Regularly required to talk, hear, and use hands and fingers to write and type
• Ability to read and understand information and ideas presented orally and in writing
• Ability to communicate information and ideas in writing and orally so others will understand
• Regularly required to utilize vision abilities, allowing reading of printed material, graphics, computer displays and physical inspection of properties and sites