Real Estate Investment & Development Intern - Summer Program
Morningstar Community DevelopmentRole Overview
Morningstar Community Development is hiring a Real Estate Investment & Development Intern - Summer Program. This is a full-time role in Washington. Part of Morningstar Community Development's Lifecycle hiring. Full responsibilities, required qualifications, and the apply link are listed in the description below.
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Job Description
Real Estate Investment & Development Analyst Intern
Summer Internship | Washington, DC
We are seeking a highly motivated Real Estate Investment & Development Analyst Intern to support our team across acquisitions, asset management, and ground-up development initiatives. This role provides direct exposure to the full lifecycle of real estate investments within a vertically integrated platform.
Key Responsibilities
- Support underwriting and financial analysis for acquisitions, developments, and value-add investments, including building and auditing Excel models (NOI, DSCR, IRR, equity waterfalls)
- Assist in the preparation of investment memoranda and presentation materials for internal investment committee and external partners
- Participate in asset management activities across an existing portfolio, including performance tracking, rent roll analysis, and variance reporting against budget and business plans
- Work closely with development teams on active projects from pre-development through construction, including budgeting, scheduling, and coordination with architects, contractors, and consultants
- Conduct market research, comp analysis, and leasing and sales strategy support for multifamily and condominium assets
- Assist with capital markets efforts, including debt and equity sourcing materials, lender and investor communication, and due diligence processes
- Support ongoing reporting to investors and lenders, including quarterly updates and additional analyses as needed
- Demonstrates ability and willingness to leverage AI tools to enhance productivity, streamline workflows, and improve analytical outcomes.
Qualifications
- Currently pursuing or recently completed a Bachelor’s degree in Real Estate, Finance, Economics, Business, Engineering, or a related field
- Strong analytical and financial modeling skills with advanced Excel proficiency
- Interest in real estate private equity, development, and asset management
- High attention to detail and ability to manage multiple workstreams in a fast-paced environment
- Strong written and verbal communication skills
What You Will Gain
- Hands-on experience across acquisitions, asset management, and development
- Exposure to live deals, capital raises, and construction execution
- Direct interaction with senior team members and involvement in investment decision-making
Frequently Asked Questions
How do I apply for the Real Estate Investment & Development Intern - Summer Program position at Morningstar Community Development?
Use the Apply button above to submit your application directly to Morningstar Community Development. Most applications take less than 5 minutes if your resume and contact details are ready, and you'll be routed to the employer's official application system to finish.
Where is the Real Estate Investment & Development Intern - Summer Program position at Morningstar Community Development located?
This position is based in Washington. Morningstar Community Development has not indicated remote or hybrid options for this role, so candidates should plan for on-site work.
What does a Real Estate Investment & Development Intern - Summer Program at Morningstar Community Development earn?
Morningstar Community Development has not disclosed a salary range in this posting. Many employers share specifics later in the interview process; you can also ask during a recruiter screen if compensation transparency is important to you.
When was the Real Estate Investment & Development Intern - Summer Program role at Morningstar Community Development posted?
This role was posted on May 9, 2026 (45 days ago). It's still listed as actively hiring; we re-confirm openings against the source system multiple times per day and remove closed roles.
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