OneTeam | Asset Management Analyst Intern (Santa Monica)
OneTeam: EQ Office/Shopcore Properties are trusted employer partners of Blackstone LaunchPad and Blackstone portfolio companies.
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Salary: $30/hour
Title: Intern
Department: Asset Management
Salary: $30/hour
Location: Santa Monica, CA
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About Us
Recently, EQ Office ("EQ"), ShopCore Properties ("ShopCore"), and Retail Opportunity Investments Corp. (ROIC) combined to create a best-in-class, diversified real estate operating platform focused on office and retail assets. As a Blackstone operating company, the organization supports a team of over 250 professionals with expertise across acquisitions, asset management, leasing, development, and property management. The company operates approximately 15 million square feet of commercial office space and nearly 20 million square feet of retail centers. Both portfolios span 45 U.S. markets, including Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, Seattle, and Portland.
The company fosters a collaborative culture built on the principle of OneTeam. This means individuals work together across teams, functions, and time zones to achieve shared goals. OneTeam is the desire to be part of something bigger than yourself – and striving to find greater purpose. The company creates a more innovative and fulfilling environment by sharing best practices and focusing on driving a positive impact for employees, customers, and communities.
More information can be found on the respective corporate websites for each platform: https://www.eqoffice.com/ and https://www.shopcore.com/.
Role Summary
The Asset Management Analyst Intern position is designed to establish a strong, entry-level foundation of asset management and will provide analytical support to regional teams charged with maximizing property values. The role will offer exposure to both office and retail sectors, and will provide hands-on training, build a strong foundation in real estate and finance skills, and provide the opportunity to work with and learn from industry professionals.
Potential responsibilities include assisting in constructing and validating all cash flow assumptions utilized in projections; creating financial plans that align with property visions and business objectives; material lease analysis; modeling, due diligence and closing of dispositions; and evaluating investment returns, asset sales timing, and values. The position will grant opportunities to research and challenge assumptions.
The role will be based in EQ/ShopCore’s HQ in Santa Monica, CA.
Job Description:
The Asset Management Analyst Intern will support the EQ/ShopCore Asset Management team and their responsibilities may include, but will not be limited to:
- Financial Goals - Act as strategic and analytical thought partner and leader on all financial matters related to the health and success of the company and assets in the market.
- Financial Planning – Assist in creation and maintenance of financial plan(s) that are aligned with the property vision, organizational values, business objectives, and operating plans to grow asset value. This includes coordination with Regional Finance on the annual budgeting and forecasting.
- Strategic Financial Analysis - Support efforts to coordinate strategic analysis as directed by senior leadership and/or Blackstone. This includes but is not limited to hold/sell analysis, yield on cost, repositioning analysis, major lease analysis, and contribution/funding requests.
- Investment Analyses - Collaborate on developing assumptions, communicating market developments, and assisting in broker engagements.
- Due Diligence and Underwriting – Support office/retail team in underwriting, due diligence, and closing phases for disposition and debt transactions. Coordinate the flow of information & materials with various parties (buyers, sellers, lenders, attorneys, brokers); review due diligence materials (leases, financials, contracts, Offering Memorandums, Broker Opinions of Value, etc.); and prepare closing statements and memos. Review Argus files and associated financial assumptions and cash flow.
- Organization and Communication – Support in driving the organization and communication of key work products and information to effectively report to Blackstone asset or market conditions.
- Support Portfolio Work – Provide support to Asset Management Department on the following items: leadership presentations (i.e. board materials), acquisition onboarding, portfolio valuation models and walks to stabilization, coordinate on cash model reviews and lender compliance, seek and learn new technology that makes work more effective and efficient, assume additional responsibilities and perform ad-hoc analyses as needed or as assigned.
Asset Management Analyst Intern will work in close collaboration with senior team members on the Asset Management team daily, in addition to collaborating with other departments throughout EQ/ShopCore, Revantage and Blackstone.
Qualifications:
- Familiarity with ARGUS Enterprise (preferred, not required)
- Be one of the following majors: real estate, economics, finance or accounting
- Highly proficient in Microsoft Excel
- Solid understanding of financial analysis concepts such as rates of return, cash flows and net present value
- Knowledge of real estate fundamentals (including property management, investment trends, and leasing issues) as well as strong analytical and research abilities.
- Ability to read and interpret lease agreements
- Excellent written and verbal communication skills
- Ability to work well under pressure - independently handling multiple competing deadlines
Requirements:
- Ability to work in Santa Monica office
- Currently enrolled as an undergraduate student
- Open to all majors (real estate, economics, finance or accounting preferred)
- Anticipated graduation date: Fall 2025 – Spring 2026
- Resume must include expected graduation month / year