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Real Estate Investment & Development Intern - Summer Program

Morningstar Community Development
Be an Early ApplicantFull Timeintern
Washington, District of Columbia, USPosted Today

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

About Morningstar Community Development

Morningstar Community Development logo

Morningstar Community Development

morningstarcd.com

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