Project Destined is a firm that provides Real Estate Internships, they train individuals to enter the real estate industry with internships that help them understand real estate competencies like financial modeling, how to work on live deals, create memos to present in live real estate deals, how to manage a team of individuals to work in the real estate industry. They further help individuals by connecting them to industry professionals in over 250 different real estate companies across America.
During my internship, I actively participated in the evaluation of a live real estate deal in Dallas, Texas. I collaborated with a team to analyze the deal and presented an investment memo to real estate professionals from Brookfield and KIMCO. Additionally, I underwent comprehensive training, accumulating over 60 hours, covering various aspects of real estate, including fundamentals, property valuation, deal financing, financial modeling, and market research.
One of the significant projects I worked on was with professionals at Invesco. Together, we developed a detailed 5-year cash flow projection for the investment. Furthermore, I was involved in structuring a breakdown of the loan deal, which included a comprehensive cost analysis for value-added improvements and property renovations. This experience provided me with valuable insights into real estate investment analysis, financial modeling, and deal structuring.
This internship has proven to be incredibly beneficial for me. It has underscored the importance of being detail-oriented and a quick learner. I've discovered that these qualities not only pay off but also enable me to expand my knowledge beyond my initial responsibilities.
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