Development Intern

Mortenson; Minnesota; On-site; USD 20,000 - 29,000; Full time

Job summary

Mortenson is offering a summer internship in Minnesota designed to provide hands-on experience early on. You’ll work with project teams across development, finance, and operations to advance opportunities from pre-development through disposition, while learning industry best practices.

You’ll perform underwriting support, market research, and financial modeling, contributing to real-world investment decisions. The program runs May–August 2027 and pays an hourly wage starting at $18.

Qualifications

• Currently pursuing an undergraduate four-year degree in Real Estate, Finance, or related field.
• Previous internship experience preferred.
• Undergraduate junior status preferred.
• Basic understanding of construction and business practices.
• Strong collaboration, communication, and problem-solving skills; initiative and leadership.
• Detail-oriented, organized, able to handle multiple priorities.

Responsibilities

• Underwrite and evaluate across property types including medical office, multifamily, hotel, industrial, and land.
• Prepare information memoranda for investors and lenders.
• Research markets identifying macro/microeconomic drivers and demographics that impact real estate investment strategies.
• Support due diligence from pre-development through disposition.
• Develop financial models to support credit analysis.
• Assist financing strategies of potential capital market activities.

Skills

Collaboration

Communication

Problem solving

Leadership

Customer service

Organization

Education

Undergraduate degree in Real Estate/Finance or related

Job description

Join a team that’s passionate about building inspiring spaces and pushing the industry forward in smarter, more innovative ways. As a top builder, developer, and EPC (Engineering, Procurement, and Construction), our expertise spans markets like sports, renewable energy, data centers, healthcare, and more. At Mortenson, we’re grounded in offering meaningful work, real career growth, and a collaborative culture where your ideas and contributions matter.

We’re looking for motivated, adaptable individuals who thrive in fast-paced environments and enjoy working with a diverse range of people. If you’re proactive, curious, and ready to make an impact while growing your career, check out our opportunities!

As an intern, you’ll get hands‑on experience right away, working alongside project teams and partners to keep things moving. You’ll help solve real problems, stay organized, communicate across teams, and make an impact from day one while building the foundation for your career.

Responsibilities

Mortenson Development, Inc. (MDI) is seeking aDevelopment Internto 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

Program Overview

Our summer intern program (May – August 2027) is designed to give you real, hands‑on experience from day one, working on meaningful projects that directly impact the business. You’ll gain exposure to innovative work, build professional skills through development opportunities, and be supported by a team that values your growth. Your ideas matter here, and you’ll have the chance to contribute, learn, and make a difference while exploring your career path.

Required Qualifications

• Currently pursuing an undergraduate, four-year degree in Real Estate, Finance, or other related degree

Preferred Qualifications

• Have previous related internship experience
• Are currently enrolled as an undergraduate junior
• Have a basic understanding of construction and generally accepted business practices
• Demonstrate strong collaboration, communication, and problem‑solving skills and show initiative and leadership
• Showcase a positive and professional attitude and solid customer service skills
• Are detail‑oriented, organized, and can effectively handle multiple competing priorities

The hourly wage for college Interns starts at $18. Students may be paid higher wages based on their year in school.

Please make note:

• Visa sponsorship is not offered for this position.
• Our postings are typically open a minimum of 5 days and an average of 44 days.

Equal Employment Opportunity

Your uniqueness brings new and creative perspectives to the team. Mortenson is committed to providing equal opportunities of employment (EOE) to all individuals, regardless of your race, religion, gender, national origin, age, veteran status, disability, marital status or any other legally protected category.

Other Items To Note

• Mortenson reserves the right to hire any individual without legal or financial obligation on unwanted solicitations.No agency emails, calls, or solicitations are accepted without a valid agreement.
• Must be currently legally authorized to work in the U.S. without sponsorship for employment visa status (e.g., H1B status, 0-1, TN, CPT, OPT, etc.). We are unable to sponsor or take over sponsorship of an employment Visa at this time.