Venture Capital Properties’ Post

We had an amazing first training session today for our summer interns on the topic of "Why Multifamily Real Estate". It has been inspiring to see their enthusiasm and curiosity as they dive into the industry. We are thrilled to have such a talented group with us this summer and look forward to guiding them on this exciting journey. ___________________ #chicagocre #whymultifamilyrealestate #commercialre

This summer, I moved across the country to San Diego, CA to participate in Fairfield Residential’s esteemed rotational program in their corporate office. I have gained a wealth of experience across different rotations, each contributing uniquely to my understanding of the private equity real estate industry. Portfolio Management: Throughout my rotation in portfolio management, I reported quarterly investment updates to our institutional investors. I prepared Offering Memorandums, made capital calls, and presented investment metrics tailored to each fund strategy. My responsibilities included updating the Core-Plus 1, 2, and Value-Add 3, 4 funds, collectively exceeding $4 billion in equity. Development: During my development rotation, I utilized complex financial models to underwrite properties and achieve a respective Return on Cost. Fairfield’s vertical integration exposed me to the intricacies of construction and property management functions. I learned firsthand from superintendents and toured four development properties in various phases. Research: I conducted comprehensive market analysis in prospective markets using tools like Yardi Matrix, Power BI, RedIQ, Green Street, and Witten Advisors. I gathered rent comps, developed market theses, and researched growth rates, both historical and forecasted. Asset Management: In asset management, I focused on revenue-maximizing assets by lowering expenses, examining lease rent options, analyzing competitive rents, and exploring Fairfield’s Asset Management Dashboard with Power BI. I learned the critical role of an asset manager in responding to issues and maintaining property portfolio awareness, ensuring investor inquiries are addressed efficiently Acquisitions: I underwrote active deals, learned investment strategies, and participated in pipeline meetings. This experience solidified my understanding of why Fairfield acquires specific properties, its investment decisions, and allowed me to participate in officer market calls. This diverse and comprehensive internship experience has been instrumental in my professional development. I am deeply grateful to Derek Fritz for running the intern program and providing such a rich learning environment. The culmination of my efforts and learning was delivering a capstone project, where I presented a secondary market—Winston-Salem—for Fairfield to invest in, backed by thorough market research. Thank you, Fairfield Residential, for this incredible opportunity and for supporting my growth in the real estate industry. I am excited about the future and look forward to applying the skills and knowledge I have gained in my career. #Internship #RealEstate #FairfieldResidential #InvestmentAnalysis #MarketResearch #PortfolioManagement #Acquisitions #AssetManagement #Development

My real estate career really started on this day 11 years ago. I was in the car on my way from Orlando to Columbia, SC when I got a call from Oxford Properties Group regarding a summer internship. Looking back, the summer I spent at that pension fund was the most formative time of my life. I learned more about real estate during those 3 months than I did during my time in college. I got to learn from some really great people and without that experience, I wouldn't have gone on to have the career that I've had. #realestateinvesting #capitalmarkets #apartmentinvesting #multifamilyinvestor

#StarMountainCapital is proud to be the founding corporate partner of the Investment Club at University of South Florida. Star Mountain is committed to lifelong learning and recognizes the importance of undergraduate studies coupled with relevant internship experience to shape young professionals’ careers as they enter the financial services industry. #SMC runs a year-round paid undergraduate internship program, including in its Tampa office, and is pleased to provide this support to the Investment Club at USF encouraging students to reach farther and higher in their education and career development. Read more here: https://bit.ly/SMC-USF Star Mountain’s ~$4 billion AUM (committed capital including debt facilities as of 1/31/24) is from a network of investors including U.S. and international institutional investors and qualified high net worth investors seeking defensive, less volatile, higher alpha and less correlated returns. With team members in 20+ U.S. cities, Star Mountain is a specialized #AssetManagement firm focused on North American small and medium-sized businesses investing #Debt and #Equity directly into established operating companies as well as purchasing secondary fund and direct positions to provide early liquidity to investors. Star Mountain is a value-added lender with a team that has strong private equity and operating backgrounds to potentially help its portfolio companies grow in value. Learn more about Star Mountain here: https://lnkd.in/deG5DXS. #LMM #FundManagers #WealthManagers #InvestmentManagement #Secondaries #PrivateDebt

The kids are alright....but we need to support them! For the past three summers I've had the pleasure of discussing financial literacy and financial futures with Greenwood Project interns. The thoughts of this summer's interns, Anthony Armstead, Arelys Estrada, Adin Farmer, Imani Noel, Kai Washington, and Manny Wiley are insightful and important for all of us to consider. #InvestingInvolvesRisk

This past evening, The Real Estate Club at Indiana University had the pleasure of hosting Matthew Baltzer, Christian Chavez, and Jack Wright from Eastdil Secured. The speakers explained Eastdil’s unique position in the industry, blending aspects of both brokerage firms and investment banking. Matt provided an overview of the types of analyses he performs, including cash flow projections, leveraged buyout (LBO) models, and sensitivity analyses, giving attendees a clear understanding of the technical aspects of his role. Jack shared his experience working with data centers, highlighting how this sector integrates natural resources, technology, and power. Christian spoke about the opportunities available at Eastdil, such as training programs, internships, and analyst roles, offering guidance for students interested in pursuing careers with the firm. The discussion also touched on key industry concepts, such as real estate investment trusts (REITs) and net asset value (NAV), which represents the market-to-market value of a company’s common equity. Students were left with advice on breaking into the industry! We extend our sincere thanks to Matthew, Christian, and Jack for sharing their knowledge and experiences. #RealEstateIndustry #CommercialRealEstate #EastdilSecured #CareerOpportunities #ProfessionalDevelopment #RealEstateCareers #Networking #IURealEstateClub #StudentSuccess

Internship Experience with the City of Houston Treasury Division  This summer, I had the incredible opportunity to intern with the Treasury Division of the City of Houston, diving deep into the world of municipal finance. Here's a glimpse of what I accomplished and learned: Portfolio Management: I gained hands-on experience with Houston’s $6 billion investment portfolio and $14 billion debt portfolio. This role provided me with a comprehensive understanding of large-scale municipal finance and the complexities involved.   Financial Research: I researched official statements for municipal bonds (munibonds) and analyzed how fluctuations in the Consumer Price Index (CPI) impact bond pricing and economic health. I also explored the difference between price and yield as it relates to bond issuance.  Evaluated Financial Firms: I created comprehensive highlight pages to evaluate and assess various financial advisory firms pitching to fund city projects. This included assessing their service offerings, fees, key personnel, innovative ideas, and possible conflicts of interest. I also analyzed their strategies to mitigate the city’s debt and to fund its projects related to public works, general obligations, the Houston Airport System, and convention entertainment.  Reporting and Analysis: - Recreated the book value balance of an investment portfolio - Updated financial data, including a detailed analysis of the Municipal Market Data (MMD) curve and its effect on bond pricing and municipal market data - Produced reports on the differences between bond price and yield - Produced an updated report on Houston’s Municipal Employee Pension System including its budget members and upcoming projects Assisted with Houston Firefighters’ $650 Million Back Pay Settlement: I played a role in organizing and preparing checks to be sent to firefighters receiving payment from the city’s settlement.  Skills Developed: - Advanced financial analysis and portfolio management - Evaluation and comparison of financial advisory services - Insights into municipal bond issuance and economic factors affecting finance - Updated and analyzed financial data with Excel A huge thank you to the Treasury Division and Vernon M. Lewis, MBA, ACPFIM, CPM, CTP-FMVA-Candidate for this invaluable experience. The team was incredibly welcoming and offered a truly rewarding experience. I am beyond grateful, and I am excited to continue applying these skills and knowledge in my future endeavors! Thank you. #Finance #MunicipalFinance #InvestmentPortfolio #DebtManagement #FinancialAnalysis #Internship #CityOfHouston #ProfessionalGrowth

🌟 Week 2 at JLL Capital Markets Group Summer Internship 🌟 My journey at JLL's Capital Markets Group in Austin, Texas, has been incredibly insightful and fulfilling. I've been keeping busy, learning extensively, and engaging in numerous conversations that have enriched my understanding of the real estate industry. 🤝 Key Learnings and Experiences: Land Asset Types & Underwriting: Parker McCollum enlightened me on land asset types and key underwriting metrics. I learned about the valuation of land, the importance of creativity in land development, and the critical role relationships play in this process. Multifamily Modeling: Alex Fernandes introduced me to the multifamily model, walking me through its intricacies and highlighting important considerations. This experience has sharpened my analytical skills and broadened my perspective on multifamily assets. Hospitality Assets: In a meeting with Scott Dickey, I expressed my interest in hotel and hospitality assets. He shared valuable insights on the financial nuances specific to hotel assets and introduced me to key industry concepts and major players. Cyclical Nature of Real Estate: During my meeting with Drew Fuller’s, I was provided a deep dive into the cyclical essence of real estate. He emphasized the importance of building lasting client relationships and discussed the inherent risks and rewards of the profession. His insights on work-life balance in real estate were particularly enlightening. 🛠️ Hands-On Tasks: - Conducting rent comparables and drafting commentaries - Familiarizing myself with debt/equity terms and various loan types - Aiming to build strong relationships and gain a comprehensive understanding of different property types to satisfy clients, lenders, market conditions, and other stakeholders. This internship has been an exceptional learning experience, and I am eager to continue growing and contributing to the team. #JLL #Internship #RealEstate #CapitalMarkets #LearningAndGrowing #Networking #Hospitality #Multifamily #ProfessionalGrowth

Let's talk about Commercial Risks. Samantha Hooper, our Summer Commercial Lines Intern, is here to discuss some of the unique factors different industries consider when evaluating their risk profiles. Thank you Sammy for all your hard work this summer! We can't wait to hear how your school year goes! #HWPInsurance #CommercialRisks #SummerIntern #CommercialInsurance