{"id":13270,"date":"2024-02-10T14:48:01","date_gmt":"2024-02-10T14:48:01","guid":{"rendered":"https:\/\/www.simtrade.fr\/blog_simtrade\/?p=13270"},"modified":"2024-02-10T15:51:07","modified_gmt":"2024-02-10T15:51:07","slug":"professional-experience-property-manager-assistant-urban-premium","status":"publish","type":"post","link":"https:\/\/www.simtrade.fr\/blog_simtrade\/professional-experience-property-manager-assistant-urban-premium\/","title":{"rendered":"My professional experience as a property manager assistant at Urban Premium"},"content":{"rendered":"\n

My professional experience as a property manager assistant at Urban Premium<\/h1>\n\n\n\n\"Lilian<\/a>\n\n\n\n

In this article, Lilian BALLOIS<\/a> (ESSEC Business School, Bachelor in Business Administration<\/i> Program, 2019-2023) shares his professional experience as a property manager assistant at Urban Premium.<\/p>\n\n\n\n

About the company<\/h2>\n\n\n\n

Founded in 2010, Urban Premium specializes in the structuring and management of real estate investment trusts (REITs). The company specializes in the management of residential and commercial SCPIs (Soci\u00e9t\u00e9 Civile de Placement Immobilier). A SCPI is a collective investment undertaking in the form of a company that is not listed on the stock exchange. SCPIs collect money from many investors with the sole aim of acquiring and managing a property portfolio for rental. Urban Premium specializes in inner-city real estate investment, incorporating attractive tax incentives like \u201cPinel\/Denormandie\u201d, \u201cMalraux\u201d and \u201cD\u00e9ficit Foncier\u201d.<\/p>\n\n

The Pinel and Denormandie instruments offer tax reductions for the construction or renovation of real estate in specific areas of France, based on the duration of the lease.<\/p>\n\n

The Malraux Law promotes investment in high-quality real estate, often in city centres and protected areas, offering an income tax reduction.<\/p>\n\n

The D\u00e9ficit Foncier allows for reducing tax pressure by generating a deficit through investments in properties requiring renovations, deductible from rental income.<\/p>\n\n\n\n

Logo of Urban Premium.
\n\"Logo<\/a>
\nSource: Urban Premium<\/p>\n\n\n\n

As a property manager assistant, I was able to work alongside the front office managers. It was the central unit within the company, and it was responsible for implementing the investment strategy in line with tax incentives (Pinel\/Denormandie, Malraux, and D\u00e9ficit foncier). The front office was made up of one Managing Director, 5 managers and me.<\/p>\n\n

In addition to these responsibilities, our department played a crucial role in managing funds and making strategic decisions. This involved overseeing the allocation of resources across various investment channels, ensuring optimal utilization of available funds while adhering to risk management protocols. Furthermore, our team engaged in market research and trend analysis to identify opportunities.<\/p>\n\n\n\n

My internship<\/h2>\n\n\n\n

I had a 6-month internship at Urban Premium as an assistant property manager.<\/p>\n\n\n\n

My missions<\/h3>\n\n\n\n

During my 6-month internship from September 2022 to February 2023, I engaged with multiple investment opportunities and projects. I took on the responsibility of analysing and crafting pitch-books for weekly meetings with managers when investment opportunity booklets were received. In addition to this, I had to monitor the accounting sheets of the real estate funds, analyzing, and providing insightful comments on their performance. While also overseeing fundraising to a lesser extent, my internship enabled me to understand the complexities of regulatory compliance concerning tax incentives for real estate finance and portfolio management within my company.<\/p>\n\n\n\n

Required skills and knowledge<\/h3>\n\n\n\n

To be able to work in a real estate investment fund, it is necessary to have certain key skills:<\/p>\n\n