Development Intern

Development Intern

Mortenson's success is not a matter of luck; it's a result of our ingenuity, expertise, and exceptional people coupled with our unparalleled focus on customer service.

Our foundation and culture are based upon our company values of trust, safety, teamwork, responsibility, service and stewardship. We are inspired by a compelling purpose to build structures and facilities for the advancement of modern society and a mission to create an exceptional customer experience. Mortenson has built a reputation for being a leader in our industry and in the communities in which we live and work.

It all starts with our exceptional people and exceptional teams. Mortenson has been voted a "best place to work" 40+ times regionally over the past decade...

...What are you waiting for?

Summary

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

Qualifications

Are you an adaptable and agile learner? Do you have big ideas and a creative spirit? We want to hear from you. Cultivate your skills in your chosen field of study with Mortenson. We look forward to hearing from you if you:

• Are currently pursuing a bachelor's degree in real estate, Finance or related field; must be currently enrolled
• Are a current junior or senior
• Have advanced analytical skills, including the demonstrated ability to perform financial modeling using Microsoft Excel
• Possess strong knowledge of finance concepts, including: NOI returns, cash flow returns, internal rate of return, debt yields, valuation methods and capital markets
• Have a sound understanding of commercial real estate and financial products and services
• Have proven effective interpersonal and customer service skills
• Have acute attention to detail/accuracy and written communication skills
• Demonstrate effective oral communication and active listening skills and are comfortable interacting with a variety of individuals at all organizational levels
• Are self-motivated with a positive and professional approach to management

Additional Information:

You will join an exciting and ever-changing industry with a minimum 12-week internship with our team. This is a full-time (approximately 40 hours/week) opportunity the summer of 2025. The internship is based out of our Minneapolis headquarters office. The position is not relocation-assistance eligible.

The 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.

Visa Sponsorship is not available for this position.

Mortenson is an EOE/Affirmative Action/M/F/Veteran/Disabled employer.