I’ve learned, as my internship with Greystar is now complete, that development is rooted in community. From the in-office team to the on-site team, investors, consultants, and the tenants, it’s clear that to truly invest and grow in this sector of real estate, there must be a passion for connecting individuals to solutions.
My goal was to develop a retroactive development cost yield model that could account for being accretive as interest rates and construction costs fluctuate. While this was my capstone, I learned and had a lot of help from teams in property, #construction, investment, and asset management with how to utilize capital efficiently to find the highest and best use for land.
It all came down to a vision for dirt. As magnificent as the final product may appear, the diligence the teams take to prioritize investor’s demands while ensuring an opportunity to trade the asset in forecasted years is amazing work. I truly appreciated the opportunity to work alongside my mentors—Jordan Egan , Kurt Hoelscher, Ashley Zubizarreta, Remy Midkiff, Mai Olaussen, and Brian Herwald — as we navigated different underwriting processes, investments, and discussions about what it takes to achieve solutions in this business.
I gained skills in market analysis, financial modeling with and without tax abatements, site and market analysis, contract litigation, quality control, valuation techniques, and observed cross-team leadership—all in just 10 weeks.
From the first day, the train never stopped moving, and the learning was an inclusive and immersive experience. This opportunity has encouraged me to continue pursuing my career goal of introducing infrastructure-led development to communities in need of attainable mixed-use #housing.
The view is from the office, one of the many to help the team decompress when the investments needed just a little extra time to pencil out.
With all that said, I’ll be continuing to work alongside the Houston Development team as a program manager for Project Destined annual Greystar Development Cup. This opportunity will allow me to keep working with the Houston development team and encourage others to pursue their passions for becoming future real estate owners.
#internship
#realestate
#engineering
Owner/Producer, BlueLine Insurance
4moBlake is a solid young man!