What are the responsibilities and job description for the Real Estate Investment & Development Intern - Summer Program position at Morningstar Community Development?
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