With the real estate market booming in recent years, real estate investing internships have become increasingly popular among college students looking to gain hands-on experience in this lucrative industry. A real estate internship allows students to learn the ins and outs of real estate investing, property management, financing, and more. This article will provide an overview of real estate investing internships in 2023-2024, including where to find opportunities, how to stand out as an applicant, and what skills students can gain from these experiences.
Top real estate firms offering internships in 2023-2024
Many of the top real estate investment firms, REITs, and property management companies offer competitive real estate internship programs. Here are some of the top names to target for 2023-2024 internships: Blackstone, Brookfield Asset Management, CBRE Group, Jones Lang LaSalle, Cushman & Wakefield, Tishman Speyer, Hines, Starwood Capital Group, Greystar Real Estate Partners. When researching firms, look for those actively acquiring new properties or expanding into new markets, as they are more likely to bring on interns. Geography is also key – major RE hubs like New York, LA, Miami, Chicago, and San Francisco offer more opportunities.
Finding smaller real estate firms and boutiques
While the big, household names offer great internship programs, smaller real estate firms and boutiques can also provide meaningful experiences. These may not be as competitive, so they can be easier to land as an underclassman or a student without prior internships. Check city-specific commercial real estate websites and associations to find these opportunities. Alumni networks, professors, and campus real estate clubs are also great resources for discovering smaller firms hiring interns.
Standing out in real estate internship applications
To be a strong candidate for real estate investing internships, develop relevant skills and experiences. Coursework in real estate finance, investments, law, economics, and urban planning help build a solid base of knowledge. Demonstrating interest through real estate case competitions, club leadership roles, and networking events is also key. Technical skills like financial modeling, analysis, and accounting are highly valued. Previous internships in related areas like finance, consulting, or property management can help your candidacy as well. A strong academic record in a quantitative field remains important. Customizing your application materials to each firm is crucial.
Key skills gained from real estate internships
The hands-on experiences gained from real estate internships are invaluable for jumpstarting your career. You will gain exposure to real estate acquisitions, due diligence, financial modeling, property management, leasing, market research and analysis. Soft skills in areas like communication, leadership, teamwork, and relationship building are also developed. Mentorship from experienced professionals provides industry knowledge and networking connections. Many interns receive return offers for full-time roles. Even without return offers, real estate internships provide impactful insights and skills.
Real estate investing internships allow students to gain first-hand experiences in this rewarding sector. Finding opportunities, showcasing relevant skills, and researching firms thoroughly lead to successful applications.