Real Estate Development Intern - Military Veterans
at Mortenson
Real Estate 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 4 year degree or masters 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.
MN
At Mortenson, we’re builders at heart. As a top builder, developer, and EPC in the U.S., our expertise spans markets like sports, renewable energy, data centers, healthcare, and more. With over 6,000 team members and $5.5 billion in annual revenue, we are working to ensure the built environment has a lasting positive impact.
Yet, working at Mortenson is much more than a job. We’ve received over 34 best workplace awards in the last five years and our team members inspire what’s possible every day – whether for our customers, our community, or our company.
We are fortunate to have Veterans who have brought their dedication, discipline, and leadership skills to Mortenson. This includes our Chairman and owner David Mortenson, a US Navy veteran. Their unique experiences and perspectives have enriched our company in countless ways and further our shared values to build for the greater good. Our Mortenson values echo many principles from the military:
· We value honesty and doing the right thing – even when no one is watching.
· We believe the world is what we make it and leadership capability is within all of us.
· We put others before ourselves and enable them to achieve their very best.
Veterans at Mortenson
Being a Veteran is a special badge of honor we greatly respect. We are committed to providing resources and support to help retired and transitioning active-duty service members achieve their career goals.
At Mortenson, Veterans will discover:
• An industry leading safety culture – we believe it is an obligation to work safe and our Zero Injuries safety program drives safety excellence with all of our team members
• A diverse, team-based environment focused on supporting the customer, building up our local communities and lifting others up to help them succeed
• Accredited apprenticeship programs – maximize GI Bill benefits to reduce Veteran out-of-pocket costs for continuing education
• A commitment to innovation and continuous improvement – including voices of team members in the field and ultimately making their jobs easier and safer
• Competitive pay and benefits
Through the Veteran’s Business Resource Group (BRG) at Mortenson, Veterans can connect and engage with other veterans and team members while developing their skills and gaining a unique connection to the company. The BRG provides Veterans the opportunity to:
· Create comradery and connections to enhance veteran leadership experience and capabilities
· Share stories, experiences and journeys during time of service
· Further the shared esprit de corps from our service to maximize the experience at Mortenson
· Work together to foster a work environment that is attractive to other veterans seeking employment in our industry
How to Apply
Start by checking out our open roles on the right side of this page to learn more and to apply. Once you click ‘Apply Now’, Mortenson will receive a notification with your information.
Please make sure you have an updated resume uploaded to your RecruitMilitary profile to be considered. Once we review your resume and profile, a Mortenson recruiter will reach out to you to provide more information and to schedule an interview if there is a potential fit with the open role.