Pennrose · 20 hours ago
Development and Acquisitions Internship
Brooklyn, NY
Internship
Onsite
Intern
$20/hr - $20/hrPennrose is a New York-based company offering a summer internship program focused on affordable and mixed-income housing development. The internship provides hands-on experience in development and acquisition underwriting, community engagement, and project coordination, collaborating with industry leaders to create sustainable housing solutions.
ConstructionProfessional ServicesProperty DevelopmentProperty ManagementReal Estate
Responsibilities
Assist in drafting and editing professional responses to Requests for Qualifications/Proposals (RFQs/RFPs) for new business opportunities
Support the preparation of applications for federal, state, and local funding sources
Create professional PowerPoint presentations for financiers, municipalities, community stakeholders, and other audiences, effectively communicating our mission and addressing potential concerns
Conduct preliminary financial modeling, market analysis, and due diligence to assess the economic feasibility of developing or acquiring rental housing communities
Prepare detailed project pro formas, including sensitivity analyses and financial scenarios
Monitor financial performance metrics and reporting for active development and acquisition projects
Aggregate and analyze market and demographic data to identify development and acquisition opportunities
Contribute to the preparation of investment memos and internal reports for decision-making
Leverage enterprise-wide deal data to produce high-quality proposals and reports
Organize project meetings, manage logistics, prepare materials, and follow up on approval processes
Create and maintain project schedules encompassing financing, design, approvals, and construction milestones
Compile information for investor and lender reporting requirements
Coordinate and manage data rooms for projects and transactions
Support special project(s) aimed at delivering innovative solutions at the Enterprise level
Qualification
Required
Full-time enrollment at an accredited college or university
A minimum GPA of 3.0 is required
Preferred
Candidates completing Master's degrees are strongly encouraged to apply
Preferred majors or concentrations include Real Estate, Urban Planning, Architecture, Engineering, Finance, Business, or related fields
Company
Pennrose
Pennrose is a property development and management company.
Founded in 1971
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Geoff Milz
Regional Vice President
Recent News
2026-01-03
Hartford Business Journal
2025-12-02
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