Job Description

Real Estate Transactions, Emerging Talent Intern

The Real Estate Department is responsible for planning and managing the acquisition of property rights to support the MTA Capital Program, and developing and implementing leasing strategies to generate revenue for the MTA and all of its operating agencies. The Real Estate Transactions Internship will provide selected candidates with the opportunity to develop their property research skills, which are critical to a wide variety of careers in real estate.

Responsibilities:

• Search for deeds, leases, licenses, easements, and other documents internally and via publicly available resources.
• Review requests for property lines and ownership rights.
• Prepare maps and other visuals in support of responses to property inquiries.
• Draft a variety of recurring and ad hoc requests including solicitations for appraisals and title searches, and engagement and incumbent letters.
• Help prepare a variety of memoranda (including authorization memos) and deal summaries for internal review and approval by the Chief Real Estate Transactions & Operations Officer as well as the MTA Board.
• Liaison with Legal, Senior Management and other stakeholders to aggregate and circulate executable documents.
• Assist with the drafting of Requests for Proposals (RFPs) for MTA retail spaces at the MTA Headquarters, LIRR and Metro-North stations, and throughout the NYC Transit system.
• Provide support in property acquisition and condemnation processes throughout the metropolitan area (including drafting of offer letters; soliciting and reviewing appraisal reports; and attending site visits and EDPL hearings).

Projects:

• Update and improve an inventory of Metro-North stations including information on ownership, parking, and retail spaces.
• Assist in the negotiation and execution of agreements for parking, greenways, and other uses.
• Prepare memos detailing requests from third parties to use Metro-North property for review by Metro-North.

Required Qualifications:

• Proficiency in Microsoft Office Suite is a must.
• The candidate should possess organizational, analytical and communication skills.
• The candidate should be able to work well under pressure and prioritize tasks effectively.
• The candidate should have a keen eye for detail and be able to work independently while being an active team player.
• Experience with and/or interest in commercial real estate transactions.
• Detail-oriented with exceptional time management skills.
• Strong professional writing skills.

Required Education:

• Matriculated in a graduate program in good standing with at least 2.8 GPA
• Major(s) Preferred: Applicants must be currently enrolled in a graduate degree program in real estate, urban planning or a related field.

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