Real Estate Investment Specialist Internships
Real estate investment specialist internships give university students, recent graduates, and early-career switchers hands-on experience underwriting deals, analyzing market data, and building financial models alongside working investment professionals, and, at many employers, a path toward a full-time offer. Openings cover {{top_industries_phrase}}, with Marcus & Millichap, Black Kanyon, and LCS among the employers posting roles now.
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Company Overview
Hillwood was founded in 1988 by Ross Perot, Jr. in association with the Alliance Texas project – a 27,000-acre master-planned community which has been hailed as one of the best mixed-use developments in the world. Today, Hillwood is consistently ranked as one of the top real estate investment firms in the world and has a strong track record of successfully developing and acquiring real estate assets throughout North America and Europe.
Position Summary:
Hillwood Properties is currently seeking an Investment Analyst Intern for Summer 2027 to join our team of real estate Analysts at our AllianceTexas office in North Fort Worth, TX. The successful candidate will be actively involved in the financial analysis and support to marketing, investments, and development group regarding proposed and existing projects to facilitate decisions regarding investment alternatives. The intern will be actively involved in that analysis, execution of both new and existing business with exposure to senior management. There will be a strong focus on quantitative analysis and modeling matched with practical business application. The position will be a vital part of the company’s ability to quickly evaluate and process the underlying economics of a variety of products.
Responsibilities:
- Preparation of sophisticated financial models and underwriting for development, acquisition, and disposition of various real estate projects across all product types
- Coordinate with the Marketing team to analyze potential leases and determine the required rental rate to achieve the desired return
- Coordinate with the Accounting and Construction groups to compile and analyze budgets on new developments and compare estimated and actual cost of each project
- Development due diligence (includes the analysis of potential tenants, construction finance market, cap rate market, property taxes, rollback taxes etc.)
- Preparation of internal Investment Memorandum and other presentation materials
- Communication with senior management regarding ongoing project status, variance reporting, and performance metrics
Required Skills/Abilities:
- High level of proficiency in Microsoft Excel; ARGUS competence a plus
- Aptitude for financial analysis, especially financial modeling skills
- Strong written, verbal, and presentation skills including the ability to summarize conclusions and make recommendations
- Strong work ethic, resourceful, with the ability to be flexible and multi-task
- Exceptional attention to detail and organizational skills; assuring accurate and timely delivery of materials to team members
- Self-motivated individual who strives for excellence in their work product
Education and Experience:
- Currently enrolled as a full-time student pursuing a bachelor’s or master’s degree in finance, Accounting, Real Estate or Engineering; other business and math focused fields will be considered.
- Minimum GPA of 3.7
- Exposure to real estate finance / underwriting experience or prior relevant internship experience required.
- Experience with legal documents associated with real estate transactions, a plus.
EEO Statement:
Hillwood is committed to providing Equal Opportunity in Employment, to all applicants and employees regardless of, race, color, religion, gender, age, national origin, military status, veteran status, handicap, physical or mental disability, sexual orientation, gender identity, genetic information or any other characteristic protected by law.
#PROP
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
Company Overview
Hillwood was founded in 1988 by Ross Perot, Jr. in association with the Alliance Texas project – a 27,000-acre master-planned community which has been hailed as one of the best mixed-use developments in the world. Today, Hillwood is consistently ranked as one of the top real estate investment firms in the world and has a strong track record of successfully developing and acquiring real estate assets throughout North America and Europe.
Position Summary:
Hillwood Properties is currently seeking an Investment Analyst Intern for Summer 2027 to join our team of real estate Analysts at our AllianceTexas office in North Fort Worth, TX. The successful candidate will be actively involved in the financial analysis and support to marketing, investments, and development group regarding proposed and existing projects to facilitate decisions regarding investment alternatives. The intern will be actively involved in that analysis, execution of both new and existing business with exposure to senior management. There will be a strong focus on quantitative analysis and modeling matched with practical business application. The position will be a vital part of the company’s ability to quickly evaluate and process the underlying economics of a variety of products.
Responsibilities:
- Preparation of sophisticated financial models and underwriting for development, acquisition, and disposition of various real estate projects across all product types
- Coordinate with the Marketing team to analyze potential leases and determine the required rental rate to achieve the desired return
- Coordinate with the Accounting and Construction groups to compile and analyze budgets on new developments and compare estimated and actual cost of each project
- Development due diligence (includes the analysis of potential tenants, construction finance market, cap rate market, property taxes, rollback taxes etc.)
- Preparation of internal Investment Memorandum and other presentation materials
- Communication with senior management regarding ongoing project status, variance reporting, and performance metrics
Required Skills/Abilities:
- High level of proficiency in Microsoft Excel; ARGUS competence a plus
- Aptitude for financial analysis, especially financial modeling skills
- Strong written, verbal, and presentation skills including the ability to summarize conclusions and make recommendations
- Strong work ethic, resourceful, with the ability to be flexible and multi-task
- Exceptional attention to detail and organizational skills; assuring accurate and timely delivery of materials to team members
- Self-motivated individual who strives for excellence in their work product
Education and Experience:
- Currently enrolled as a full-time student pursuing a bachelor’s or master’s degree in finance, Accounting, Real Estate or Engineering; other business and math focused fields will be considered.
- Minimum GPA of 3.7
- Exposure to real estate finance / underwriting experience or prior relevant internship experience required.
- Experience with legal documents associated with real estate transactions, a plus.
EEO Statement:
Hillwood is committed to providing Equal Opportunity in Employment, to all applicants and employees regardless of, race, color, religion, gender, age, national origin, military status, veteran status, handicap, physical or mental disability, sexual orientation, gender identity, genetic information or any other characteristic protected by law.
#PROP
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
Real Estate Investment Specialist Internship Market
Who's Hiring
- Marcus & Millichap36
- Black Kanyon2B
- LCS1
- Aline Capital1A
- Hillwood Development Company1
Tips for Your Real Estate Investment Specialist Internship Search
Apply earlier than you think necessary
Large real estate investment firms and financial institutions recruit summer interns the preceding fall, often closing applications before the calendar year turns. Smaller companies and co-op programs post closer to their start dates, so check listings throughout the year and move quickly when a role matches your target.
Build a project portfolio before you apply
Hiring teams for real estate investment specialist interns have limited work history to assess, so give them something concrete. Document a financial model, a market analysis, or a written investment memo with the tools you used, whether that is Excel, Argus, or a data visualization tool. A linked or attached sample sets your application apart from candidates who list skills without proof.
Work your campus network and apply directly at the same time
Campus career fairs surface structured programs tied to your university, and your professors or career center staff often know which employers recruit from your school before roles post publicly. Applying directly to firms running smaller, less visible cohorts alongside your campus activity widens the pool you reach and reduces your dependence on any single channel.
Practice your interview format out loud before you apply
Real estate investment specialist intern screens typically involve a financial modeling exercise, a case study presenting a hypothetical acquisition or valuation, or a walkthrough of a deal you have analyzed. Practice these scenarios out loud, explaining your assumptions and reasoning as you go, because interviewers weigh how you think through uncertainty as much as the final number you land on.
Target structured rotational and analyst programs first
Many large real estate investment firms and institutional investors run formal analyst or rotational intern programs designed to train people new to the field. These programs recruit early, fill in the first application wave, and offer more structured mentorship than ad hoc intern roles. Identify the programs that fit your target firm type and apply before the general candidate pool catches up.
Set your work-type filter before you start
On-site roles are 75% of the real estate investment specialist internships listed here. Decide what you can commit to before you start reviewing listings, then filter by location and work type so you are not sorting through roles in cities you cannot relocate to or formats that do not fit your situation.
Real Estate Investment Specialist Internships: Frequently Asked Questions
How do I get a real estate investment specialist internship?
Lead with coursework and completed projects rather than work history, since hiring teams expect limited experience at the intern level. A documented financial model, a market analysis writeup, or a valuation case study gives recruiters something concrete to assess. Apply directly to companies running smaller cohorts, and attend campus career fairs where recruiters often move faster for students they meet in person.
Can a real estate investment specialist internship turn into a full-time job?
Many employers extend return offers to strong interns, but conversion is never guaranteed. What drives it for real estate investment specialist interns is consistent performance on real deal flow, available headcount on the team, and return-offer timing decisions made well before the internship ends. Position yourself by delivering quality work and expressing clear interest early, without counting on an offer as a given.
When should I apply for real estate investment specialist internships?
Earlier than most candidates expect. Large employers recruit summer cohorts the preceding fall, sometimes as early as September or October. Smaller firms and co-op programs post closer to their actual start dates, which means openings appear year-round. Checking listings regularly and setting up alerts prevents you from missing a cycle because a posting went up and filled quickly.
Are real estate investment specialist internships paid?
Most professional real estate investment specialist internships in the United States are paid. Compensation varies by company size, industry segment, and location, and listings show it where the employer chooses to disclose it. Unpaid arrangements are more common at very small firms or through academic credit structures, so read each listing carefully to understand the terms before applying.
What should a real estate investment specialist internship resume include?
Lead with projects, not work history. Include two or three complete, documented projects showing the tools you used, such as a discounted cash flow model in Excel, a market comparables analysis, or a written investment memo. Link to the work where possible. Add relevant coursework in real estate finance, capital markets, or valuation, and keep the whole document to one page.
Are there remote real estate investment specialist internships?
Yes. Remote and hybrid roles make up 25% of the real estate investment specialist internship listings here, with the rest on-site. Remote cohorts fill fast because they draw applicants from across the country, so apply early once you find a role that fits. Filter by work type at the start of your search so you are only reviewing listings you can actually commit to.
Can international students get real estate investment specialist internships?
Yes. F-1 students can intern through CPT while enrolled or through OPT work authorization after finishing a degree, and the employer does not have to file anything for either, so many companies are open to international interns. Confirm your eligibility and timing with your university's international student office before accepting an offer.
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