Asset Management Intern
Bender Companies
Owner‑operator focused on acquiring, renovating and managing value‑add multifamily assets.
Support asset management and acquisitions for multifamily properties
9 days ago ago
Entry-level
Internship
Chicago, IL
Hybrid
Company Size
62 Employees
Service Specialisms
Real Estate Investing
Property Management
Asset Management
Project Management
Finance
Operations
Renovations
Sector Specialisms
Commercial
Residential
Role
Description
deal sourcing
underwriting
due diligence
expense audits
tenant audits
property audits
- Acquisitions Rotation: Assist the Acquisitions team with deal sourcing, underwriting, and due diligence
- Market Research: Investigate current markets to stay up to date with trends
- Expense Audits: Conduct audits of key expense accounts and compare spending across the portfolio to identify overspending.
- Tenant Audits: Conduct thorough Rent Roll audits to verify accurate rents. Monitor tenant security deposits, move-in fees, month-to-month fees, Section-8 payments, and perform facility fee audits.
- Property Audits: Audit investor reports, unit turn boards, and unit renovation trackers. Track property processes against original underwriting standards.
Requirements
academic
analytical
excel
detail
entrepreneurial
communication
- Have a track record of academic excellence and participation in campus activities
- Analytical prowess and willingness to learn
- Basic understanding of Excel
- Keen eye for detail and ability to multi-task
- Independent thinker with an entrepreneurial mindset and desire to solve problems and navigate challenges
- Strong written and oral communication skills
Benefits
Information not given or found
Training + Development
Information not given or found
Interview process
Information not given or found
Visa Sponsorship
Information not given or found
Security clearance
- background checks will be performed on all qualified applicants.
Company
Overview
Founded 2011
Year Established
The company was established in 2011, marking its beginning as a specialist in acquiring undercapitalized multifamily properties.
$5M–$30M
Deal Range
The company typically engages in transactions ranging from $5 million to $30 million, focusing on multifamily properties.
$40K–$100K
Price Per Unit
Properties are acquired at an average price of $40,000 to $100,000 per unit, reflecting mid-range valuations.
65–80% LTV
Debt Structures
The company utilizes debt structures with loan-to-value ratios typically ranging from 65% to 80%
- Targets B‑and C‑class multifamily properties from the 1980s–2000s in secondary and tertiary U.S. markets.
- Their principals invest personal capital alongside partners and stay involved in asset and property management.
- They pursue revenue enhancement and cost reduction via physical upgrades, rebranding, leasing strategies, and tax management.
- Projects span single‑asset deals and entire portfolios, often sourced off‑market.
Culture + Values
10–20% equity
Personal Investment
Principals and upper-level staff personally invest a portion of their equity in each transaction, demonstrating a commitment to projects' success.
- Supportive team
- Collaborative work environment
- Opportunity for growth
- In-house property management creates aligned interest
- Disciplined and patient approach focused on risk mitigation
- Hands‑on identification of operational inefficiencies to maximize value
- Nimble operations enabling swift decision‑making
Environment + Sustainability
- No public net-zero target stated
- No formal environmental strategy or goals available
- No reported GHG emissions data, renewable energy use, or energy efficiency initiatives found
- No disclosed waste management or resource conservation programs
Inclusion & Diversity
2.5/5
Glassdoor Diversity Rating
The company received an external rating for diversity and inclusion on Glassdoor.
- No formal DEI strategy or programs stated
- No published gender breakdown or targets
- No disclosed DEI outcomes or metrics
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