Development Intern

Development Intern 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 capital markets, developers, asset management, and legal in this role. Specific duties will include complex financial modeling, valuations, underwriting, creation of offering memoranda (debt and equity), asset management, and capital raising. Highlights of your time with this Mortenson internship will include : Providing underwriting and evaluation support across multiple property types, including medical office, multifamily, hotel, industrial, student housing, 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 We look forward to hearing from you if you : Currently pursuing an undergraduate, four-year degree in Real Estate, Finance or related field Preferred Qualifications Have achieved a minimum overall GPA of 3.0 / 4.0 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 experience in Microsoft Office, specifically Word, Excel, and PowerPoint Demonstrate strong teamwork orientation, initiative, communication, and problem-solving skills Have proven positive and professional attitude and customer service skills Are detail-oriented, organized, and can effectively manage multiple tasks Have access to reliable transportation 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 2026. 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 $18. Students in their sophomore year of college, or more, are 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. ABOUT MORTENSON As a top builder, developer, and EPC (Engineering, Procurement, and Construction), our expertise spans markets like sports, renewable energy, data centers, healthcare, and more. We are builders at heart, working to ensure the built environment has a lasting positive impact. Let’s Redefine Possible® 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.