Careers at L+M

Intern – LMDP Development (National Preservation)

Development

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National Preservation Intern – Summer (Paid)

Schedule: Monday – Friday, 40 hour per/week

Location: 2 Park Avenue, NYC

Dates: June 5th – August 11th 2023

Hourly Rate: $27/hour  

Who We Are

At L+M Development Partners (LMDP), working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.

Founded in 1984, L+M is a full-service real estate development firm which develops, invests, constructs and manages properties with industry-leading innovation.  Ranked in the Top 25 on Affordable Housing Finance’s Top 50 Developers list nationally, L+M and its affiliate companies are responsible for over $10 billion in development and investment and have acquired, built, or preserved nearly 40,000 high-quality residential units in a variety of urban markets nationwide, primarily in New York’s tristate area.

Please visit our website for more information: https://lmdevpartners.com.  To learn more about our mission and values, go to https://lmdevpartners.com/our-mission-values/.

What You’ll Do

As the National Preservation Intern as part of the NY Affordable team, you will work on national preservation projects, outside the NYC area. Our team works to preserve existing affordable housing by acquiring and rehabilitating affordable housing properties. Our summer intern is expected to work independently and collectively, as part of a team. An understanding of real estate finance is required (and successful applicants may be asked to demonstrate this through a brief exercise). Specific duties will vary depending on the team, but include tasks similar to these:

Duties and Responsibilities:

  • Support acquisitions efforts, which may include evaluating offering memorandums, responding to Request for Proposals (RFPs), preparing investment analyses/memos, and providing investment recommendations.
  • Assisting with finance closings, including addressing lender and investor document checklists
  • Collecting due diligence materials
  • Financial modeling and analysis to evaluate and structure potential transactions
  • Coordination of meetings of project teams
  • Assisting with consultant agreements
  • Site visits and market analysis

Who We Want

  • Must be 18 years of age or older college student.
  • Pursuing graduate college degree.
  • Excellent communication skills (written & verbal).
  • Proficient in Microsoft Office Suite.
  • Real Estate Finance and Investments majors a plus.

What We Value

We’ve identified a set of core competencies which you will cultivate in order to thrive within the Development Team.

  • INNOVATION:  Creatively thinks beyond boundaries. Open-minded towards new ideas
  • ENTREPRENEURAL SPIRIT: the ability to take calculated risks and see all possibilities to build something great from nothing.
  • BUDGET MANAGEMENT: Tracking, forecasting expenses, preparing and managing income & expenses.
  • FINANCING: Collecting, storing, and processing financial accounting information and reporting; in order to influence decisions-making and compliance.
  • RELATIONSHIP MANAGEMENT: Build and manage interactions to provide service and to support ongoing level of engagement with key stakeholders.

What You’ll Learn

  • Leadership and relationship building skills
  • Valuable tools for working in your chosen field
  • Project planning, management, and execution skills
  • Relationship development skills
  • You will learn how to work in a professional environment and build your network

How to Apply

Please send a resume and a compelling personal statement answering one (1) of the following questions.

  1. How would you create a more inclusive environment at a workplace like L+M Development Partners?  Would you please describe an experience of where you led a group, organization, or yourself to be more inclusive?
  2. Think of a time in your life that shaped your decision to pursue this field. What inspired you to pursue a career in Real Estate Development, Construction or Property Management?
  3. Why are you interested in L+M Development Partners?  What about the mission statement “Working Together to Build a Stronger Community” resonates with you?

Our Commitment to Diversity, Equity & Inclusion

We are building stronger communities together!

We intentionally seek team members who are committed to DEI and represent diverse voices and identities. We are committed to building and maintaining an inclusive workplace for all staff and the next generation of leaders to achieve our mission.

L+M Development Partners is an equal opportunity employer to all employees and applicants without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, age, disability, marital status, amnesty, or veteran status.

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