Real Estate Development Intern

Mortenson - Minneapolis, MN

Full-time - Intern

Minneapolis, MN

Construction of Buildings

About the position

Mortenson Development, Inc. (MDI) is seeking a Development Intern to work closely with our seven regional development offices on a wide range of new development and acquisition opportunities across several asset classes. You will play a key role and gain unique insight working alongside our skilled team of development staff, legal staff, and the MDI executive team in this role. Specific duties will include complex financial modeling, valuations, underwriting, creation of offering memoranda (debt and equity), asset management, and capital raising. Additional highlights of your work with MDI will include: Providing underwriting and evaluation support across multiple property types, including medical office, multifamily, hotel, industrial, and land asset classes, and alternative investments. Preparing information memoranda and associated materials for distribution to potential investors and lenders. Conducting research on existing and potential markets by identifying trends, macro/microeconomic drivers and demographics that impact real estate investment strategies. Supporting overall due diligence process from pre-development through completion/disposition. Developing and implementing financial models to support credit analysis. Conducting analytical work in support of the financing strategies of potential capital market activities.

Responsibilities

• Providing underwriting and evaluation support across multiple property types, including medical office, multifamily, hotel, industrial, and land asset classes, and alternative investments
• Preparing information memoranda and associated materials for distribution to potential investors and lenders
• Conducting research on existing and potential markets by identifying trends, macro/microeconomic drivers and demographics that impact real estate investment strategies
• Supporting overall due diligence process from pre-development through completion/disposition
• Developing and implementing financial models to support credit analysis
• Conducting analytical work in support of the financing strategies of potential capital market activities

Requirements

• Currently pursuing a 4 year degree or master's degree in real estate, Finance or related field; must be currently enrolled
• Current junior or senior
• Advanced analytical skills, including the demonstrated ability to perform financial modeling using Microsoft Excel
• Strong knowledge of finance concepts, including: NOI returns, cash flow returns, internal rate of return, debt yields, valuation methods and capital markets
• Sound understanding of commercial real estate and financial products and services
• Proven effective interpersonal and customer service skills
• Acute attention to detail/accuracy and written communication skills
• Effective oral communication and active listening skills and are comfortable interacting with a variety of individuals at all organizational levels
• Self-motivated with a positive and professional approach to management

Benefits

• Hourly wage for college Interns starts at $17.00
• Students in their sophomore year of college, or more, are paid higher wages based on their year in school
• Full-time (approximately 40 hours/week) opportunity