Lease Administration Intern
About The Position
Acadia (NYSE:AKR), headquartered in Rye, New York, Acadia Realty Trust (NYSE:AKR) is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - core and investment management - platforms. Our energized team is accomplishing this goal by building a best-in-class, location-driven core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic urban and street-retail corridors, including those in New York, Chicago, Los Angeles, San Francisco, Washington DC, Dallas, and Boston. At the same time, we manage opportunistic and value-add investments through our investment management platform. Acadia is currently seeking a qualified intern to join its Lease Administration team, who can participate in the full cycle of tenant interaction, from lease negotiations and tenant on-boarding to tenant vacating the premises at the end of its term. This is an onsite paid internship based in Rye, New York. This 10-week program will commence on May 26, 2026 and conclude on August 6, 2026. Interns are assigned a mentor who will provide guidance throughout the duration of their internship. Interns will be encouraged to learn as much as possible about Acadia and how all of the various departments inter-relate during their experience with us. The intern should be prepared to work in a fast-paced team environment and will finish the internship having gained broad experience in Leasing matters from the landlord side of commercial real estate.
Requirements
- Must be enrolled in a college degree program at an Accredited Institution, business or communication a plus
- Must have completed junior year of college
- Must be able to work onsite in Rye, NY
- Ability to work 40 hours per week
- Must have a GPA of 3.0 or above
- Must have unrestricted work authorization in the US without a visa or sponsorship
Nice To Haves
- Highly Self-motivated
- Ability to prioritize challenging work schedule/multi-task
- Strong written and verbal communications skills
- Proficient in Microsoft Office, particularly Excel
Responsibilities
- Assist in all phases of tenant accounts, billing and collections.
- Preparation and billing of periodic Common Area Maintenance (CAM), Real Estate Tax (RET) and Insurance (INS) reconciliations.
- Regular monitoring of tenant accounts, including tenant contact information and account status.
- Communicating between departments in regards to possible resolution of tenant disputes.
- Daily application of payments from the tenant Lock Box, bank deposits and wire transfers.
- Process rent increase letters and monthly statements.
- Assist in creating, renewing, vacating and expiring leases in our financial database (MRI).
- Be a liaison between tenant and landlord as well as an inter-departmental conduit between acquisition, development, legal, leasing, construction, accounting and property management teams.
- Assist in handling all building and tenant improvements and the required lease documentation.
- Assist with various tasks related to managing the Acadia annual real estate tax expenses and tax appeals process including annual NYC filings.
Benefits
- 401(k) Retirement Savings Plan Eligibility
- Daily Stipend for Lunch
- Pre-Tax Commuter Savings
- Convenient Commute from NYC with Shuttle Service to/from Harrison Metro North Station to Rye Office Campus
- Dedicated Mentorship
- Cross-functional team engagement
- Onsite property tours for real-world context
- A collaborative, hands-on group project
- Direct access to CEO and senior leadership team
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What This Job Offers
Career Level
Intern
Industry
Real Estate
Education Level
No Education Listed
Number of Employees
101-250 employees
