Latest news with #residentialrealestate
Forbes
23-05-2025
- Business
- Forbes
Internships That Matter: 8 Tips For Offering Meaningful Opportunities
Mark Morgan is CEO of The Michaels Organization, a national leader in residential real estate. In today's competitive talent landscape, offering substantive internships isn't just good for students—it's essential for organizations seeking fresh perspectives and future leaders. At my organization, we've found that internships work best when young professionals are given real responsibility, genuine mentorship and a clear window into the industry they've chosen to pursue. Here's how to develop an internship program that truly lifts lives based on our experience: The most effective internship programs engage students in real projects with tangible outcomes. For instance, at our organization, our interns across development, capital markets, investment management, acquisitions and other departments contribute to actual deliverables that impact our business. When interns see their work implemented in real time, their engagement often soars, and they gain portfolio pieces that showcase their abilities to future employers. One of the first activities I recommend hosting for your interns is speed networking with your leadership and department heads. This gives interns an overview of the different aspects of your organization and the opportunities that exist within it. It also provides a look at the integrated capabilities your organization offers, your geographic footprint and other essential information so interns can see where their assigned role fits into the big picture. Happy hours with one another, outings to sporting events and other non-work activities can also promote friendships and a sense of belonging among interns, which can not only increase their enjoyment while they are with your organization but also highlight the value of in-person relationships in the business world. While interns typically focus on one department, rotating them through different areas can provide invaluable context. Offer interns the opportunity to shadow others in different departments so they gain perspective on how various roles contribute to your organization's overarching mission. For example, an HR intern might spend the day with a compliance specialist so they understand the job for which they are recruiting. A marketing intern might spend the day with the proposal manager to get a sense of the collateral marketing needs to assemble high-quality proposals. Internships should develop not just technical skills but also a sense of purpose. Consider establishing an annual intern volunteer day. This has become a cornerstone of our program, and I've seen how it can allow students to work together on community projects while experiencing our organizational values in action. Schedule opportunities for interns to interact with leadership through brown-bag lunches, Q&A sessions or project presentations. We also ensure our interns present their summer projects to leadership. This gives them an opportunity to gain valuable feedback while giving executives visibility into emerging talent. The most successful internship programs serve as talent pipelines. Be transparent about how interns can transition into full-time roles, and showcase examples of former interns who have built successful careers within your organization. Ensure your talent acquisition team takes a proactive approach to building your employer brand throughout the year. For example, based on projected needs for individual markets, we identify niche student-led organizations aligned with desired majors, particularly real estate organizations. We build rapport with club leaders and plan on-campus employer sessions in the fall before recruitment begins. Leveraging your teammates who are alumni of targeted universities can also be a helpful strategy. They can help identify points of contact to accompany recruitment visits, provide insights into their local markets and generate interest in your internship program. This is something we do, as well as track outreach and planned events to serve as references for future programs and determine a return on investment with successful intern conversions. Finally, establish relationships with career advisors, faculty and staff to promote your internship program. Moreover, work with corporate marketing to create recruitment videos featuring standout interns sharing their experiences. We've found that these videos, along with LinkedIn promotion of summer events, help generate positive publicity and attract college students to our opportunities. To ensure your program remains relevant and impactful, survey both hiring managers and interns after each program. This feedback can help you identify the most valuable elements and improve future internship experiences. The investment in developing robust internship experiences can yield returns far beyond completing short-term projects. When done thoughtfully, internships can become powerful vehicles for developing future industry leaders while infusing your organization with fresh energy and perspectives. By treating interns as valued contributors rather than temporary help, you create ambassadors for your organization who will speak highly of their experience, whether they ultimately join your team or pursue opportunities elsewhere. In either scenario, you've contributed meaningfully to lifting a young professional's career trajectory. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Zawya
20-05-2025
- Business
- Zawya
Brookfield and Lunate to launch $1bln residential build-to-sell joint venture
Lunate to leverage its regional network and capabilities, alongside Brookfield's private equity and real estate investment expertise Abu Dhabi: Brookfield Asset Management ('Brookfield'), through its Middle East private equity strategy and Lunate, an Abu Dhabi-based global alternative investment manager with more than USD 110 billion in assets under management, today announces a joint venture ('JV') to invest in the residential real estate sector in the Middle East. The JV, with total projected equity of USD 1 billion, will focus on developing high-quality build-to-sell and opportunistic buy-to-sell residential assets across the UAE, Saudi Arabia, and other markets in the Middle East. Lunate will commit a significant cornerstone investment to the JV and will leverage its regional network and capabilities to help drive the JV's commercialization and fundraising efforts. This is in line with its strategy to develop differentiated investment partnerships and vehicles targeting compelling opportunities in high-growth sectors. The JV will establish its own dedicated team to develop and manage these assets. It aims to capitalize on favorable trends in the Middle East's residential real estate market, underpinned by strong economic performance and robust population growth. The region continues to draw global interest as an emerging investment destination, demonstrated by the UAE's position as the top location for wealthy migrants in 2024. Prime residential properties in the region continue to experience strong capital appreciation and positive rental growth with low vacancies, while property prices remain highly competitive in comparison to other global cities, enhancing their investment appeal. Prime residential values in Dubai and Abu Dhabi, key focus markets for the JV, have increased by 18.0% and 11.1% respectively in 2024, with continued outperformance in 2025 [1]. This new JV follows Lunate's March 2024 acquisition of a 24.5% equity interest in ICD Brookfield Place, a world-class commercial and retail property located in the Dubai International Financial Centre (DIFC). Khalifa Al Suwaidi, Managing Partner at Lunate, said 'Our partnership with Brookfield is a strong demonstration of our ability to provide our clients access to compelling investment opportunities by joining forces with experienced investment managers. Brookfield brings unparallelled real estate and investment expertise, with a proven track record of delivering marquee developments, both regionally and globally. The Middle East's residential real estate sector presents a highly attractive investment opportunity, driven by the region's strong economic outlook and growing status as a hub for global wealth and talent.' Jad Ellawn, Managing Partner and Regional Head, Middle East, Brookfield, said 'Our joint venture with Lunate is significant as we expand into the high-quality residential real estate sector, driven by a rising population seeking premium properties. By combining our private equity operating expertise with our deep global real estate development and management experience, we are well-positioned to deliver best-in-class assets catering to this demand. This partnership underscores our commitment to creating long-term value for investors while catering to the evolving consumer preferences.' Brookfield has a longstanding presence across sectors in the region, deep partnerships, and approximately USD 15 billion in managed assets across private equity, real estate, and infrastructure.
Argaam
20-05-2025
- Business
- Argaam
Lunate, Brookfield to invest $1B in Saudi, UAE residential real estate
Lunate, an Abu Dhabi-based global alternative investment manager, announced a joint venture with Brookfield Asset Management to invest in the residential real estate sector in Saudi Arabia, the UAE and other Middle East countries, with a total expected value of $1 billion. The joint venture will focus on developing high-quality residential properties, both for sale developments and build-to-sell properties, Lunate said in a statement. Lunate will commit a significant principal investment in the joint venture and will leverage its regional network and capabilities to support the project's marketing and capital-raising efforts. This aligns with its strategy of developing distinguished partnerships and investment vehicles targeting high-growth sectors with promising opportunities. The joint venture will establish a dedicated team to develop and manage these assets. The project aims to capitalize on positive trends in the Middle East's residential real estate market, supported by strong economic performance and robust population growth. Lunate noted that the region continues to attract global attention as an emerging investment destination. 'Prime residential properties in the region continue to experience strong capital appreciation and positive rental growth with low vacancies, while property prices remain highly competitive in comparison to other global cities, enhancing their investment appeal.', Lunate highlighted.
Arabian Business
20-05-2025
- Business
- Arabian Business
Brookfield, Lunate form $1bn Middle East residential property joint venture
Brookfield Asset Management and Lunate have announced a joint venture to invest in residential real estate across the Middle East with projected equity of $1 billion. The venture will target build-to-sell and buy-to-sell residential assets in the UAE, Saudi Arabia, and other regional markets. Lunate, an Abu Dhabi-based investment manager with over $110 billion in assets under management, will provide a cornerstone investment and support commercialisation and fundraising efforts. Lunate, Brookfield partner up The joint venture plans to establish a dedicated team to develop and manage its property portfolio, focusing on markets experiencing robust population growth and strong economic performance. According to the announcement, prime residential properties in Dubai and Abu Dhabi – key focus markets for the venture – have seen values increase by 18.0 per cent and 11.1 per cent respectively in 2024, with continued growth expected in 2025. 'Our partnership with Brookfield is a strong demonstration of our ability to provide our clients access to compelling investment opportunities by joining forces with experienced investment managers. Brookfield brings unparallelled real estate and investment expertise, with a proven track record of delivering marquee developments, both regionally and globally. The Middle East's residential real estate sector presents a highly attractive investment opportunity, driven by the region's strong economic outlook and growing status as a hub for global wealth and talent,' Khalifa Al Suwaidi, Managing Partner at Lunate said. The announcement highlights the UAE's position as the top location for wealthy migrants in 2024, contributing to market demand. The partners also noted that property prices in the region remain competitive compared to other global cities, enhancing investment appeal. 'Our joint venture with Lunate is significant as we expand into the high-quality residential real estate sector, driven by a rising population seeking premium properties. By combining our private equity operating expertise with our deep global real estate development and management experience, we are well-positioned to deliver best-in-class assets catering to this demand. This partnership underscores our commitment to creating long-term value for investors while catering to the evolving consumer preferences,' Jad Ellawn, Managing Partner and Regional Head, Middle East at Brookfield added. This partnership follows , a commercial and retail property in the Dubai International Financial Centre.
