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Summer Intern - Self Storage and Construction - Updated 2/14/19

Charleston, SC

THE OPPORTUNITY

Due to ZPI’s unique staff size, which is small relative to the large volume of transactions that we consummate, interns are exposed to variety of real world commercial real estate applications. ZPI interns will also work with multiple commercial asset classes, including self storage, retail, and office/light industrial. Therefore, the education gained by ZPI interns is invaluable and difficult to replicate in a scholastic setting.

The internship program allows participants to gain experience in dealing with situational demands and strategic planning. Complex concepts and vernacular are put into practice. Interns become well rounded and able to speak knowledgeably about the commercial real estate industry and employ successful methodologies.

Interns will also learn how to network within the commercial real estate industry, ZPI’s reputation lends further resume credibility and opens doors to networking opportunities.

ZPI’s Chief Operating Officer/Director of Acquisitions and also the Director of Leasing are former interns of the company.

SUMMARY OF JOB DESCRIPTION AND FURTHER LEARNING OPPORTUNITIES

Self Storage and Construction/Development:

The intern will assist ZPI with essential implementable deliverables that will help the self storage and construction/development departments with decision making by improving the quality and availability of key data and resources.

The successful candidate should have the desire to become more knowledgeable and valuable in regard to commercial real estate construction and development. This internship will focus on the asset class of self storage.

• Collect data for acquisition prospects, this data will include competitors rental rates, sizes, and other pieces of attainable pertinent data. Self storage projects are capital intensive and take time to stabilize before becoming profitable. Those who understand the origin of the inputs of data modeling will have success in picking successful projects.
• Compile data and create “case studies” from multiple recently completed self storage developments throughout our region. Studies would provide data on development type, sizing, vendors (Architect, Civil, General Contractor and Metal Building companies), breakdown on costs (hard costs, soft costs, overall project costs), etc. This project will be the main focus of this position. Case studies will allow a most necessary step in the growth of our self storage development department, allowing ZPI to more confidently make expenditures on everything from land, to contractors, to materials.
• The intern will have the opportunity to learn about self storage acquisitions and will be given many of the tools necessary to source acquisition prospects.
• The intern will have the opportunity, if desired, to learn acquisition modeling (Argus or Excel, depending on product type). Many successful real estate professionals begun their careers as analysts. Our models are extremely inclusive and allow the creator to learn assets thoroughly.
• The intern will participate in overnight travel to visit acquisition prospects, at least one time during the summer. Real estate exists in the built world. Although it is evaluated often on paper, it is important to gain an understanding of the positioning and relevance of assets, on the ground.


INTERNSHIP REQUIREMENTS

Education: Applicants should either be a rising Junior or Senior and must be pursuing a 4-year college degree.

Experience: 0 – 2 years.

Excellent written, organizational, prioritization, and oral communication skills.

Familiarity with research/information web-based databases.

Must be a self-starting motivated person who enjoys meeting and establishing relationships.

Willingness and ability to travel, however infrequently.

Some relevant coursework is preferable.

Must be computer savvy, including the use of Microsoft Office Products such as Excel, Word, and Outlook.

Must be a dynamic individual with the ability and skills to represent the company as an ambassador of its capabilities.

TIME COMMITMENT

ZPI interns work approximately 35 hours per week, for 10-12 weeks. There is flexibility with beginning and end dates.

REMUNERATION

This will be a paid internship

HOW TO APPLY

If you are interested in this opportunity, apply at www.zpi.net/careers and be sure to upload your resume and cover letter. Cover letters should detail what area of commercial real estate you are interested in, what you hope your career track will be over the next 3-5 years and any additional highlights you feel are relevant for this type of position.

You may also apply through the Handshake website.

WHERE IS THE INTERNSHIP LOCATED

Sunny Charleston, SC!

Ziff Properties, Inc.

200 Wingo Way, Suite 100

Mt. Pleasant, SC 29464

843.724.3500

THE COMPANY

Founded in 1991 ZPI is an entrepreneurial commercial real estate firm with a focus on the southeastern United States. We are engaged in the acquisition, ownership, and operation of shopping centers, office and light industrial buildings, and self storage facilities.

ZPI-related entities are the majority investors in all properties. The properties are strategically located in thriving submarkets within the states of Arkansas, Florida, Georgia, Indiana, Illinois, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia. We maintain excellent relationships with brokers, owners, tenants, and vendors by closing transactions quickly and at market terms, by paying commissions promptly, and by paying close attention to quality management of the properties.

Growth of the portfolio is a fundamental principle of the ZPI model. Growth creates efficiencies of scale, promotes a dynamic work environment, and provides for the development of ZPI employees.

o ZPI has acquired 83 properties, with a total acquisition cost of $280,000,000 and comprising 6,100,000 square feet.
o Of ZPI’s 83 acquisitions only 2 have utilized financing at the acquisition closing and all properties acquired since 1995 were purchased with cash, implementing debt financing at a later date.
o ZPI currently owns 43 properties, with an estimated value of $300,000,000 and comprising 2,800,000 square feet.
o Each year ZPI completes over $125,000,000 of capital transactions and strategic leases.
o ZPI’s acquisition capital is deployed by the real estate professionals and principals who work full time at the ZPI corporate office in Mt. Pleasant, SC, not by outside boards or committees.
o ZPI leases to national, regional, and local tenants including Moe’s Southwest Grill, Starbucks Coffee, MOD Pizza, Freddy’s Frozen Custard and Steakburgers, Pizza Hut, Five Guys Burgers and Fries, Shoe Show, Dollar Tree, Food Lion, Hibbett Sporting Goods, Sharp Business Solutions, BB&T, The Biltmore Company, and many more.
o Our self storage facilities are managed by the real estate investment trusts CubeSmart and Extra Space.

o Most ZPI acquisitions, dispositions, and sourced loans, across all product types, fall into the range of $3,000,000 to $12,000,000.