REAL ESTATE ASSOCIATE INTERN

About the Role

Black Kanyon is a Midwest holding company seeking a Real Estate Associate Intern to support our Director of Real Estate. This role is an internship, with flexible part-time or full-time hourly scheduling. The internship is on-site in Lake Norden, SD, with travel to properties across the Midwest.

Key Responsibilities

• Underwriting Support
• Assist in underwriting multifamily acquisitions by entering rent rolls and T-12s.
• Pull rent and sale comps.
• Update financial models under guidance.
• Prepare first-pass investment summaries and identify potential issues.
• Market Research
• Research markets, submarkets, and properties, including rents, occupancy, demographics, employment, and recent sales.
• Build and maintain lists of target properties and owners.
• Deal Pipeline Support
• Maintain the deal pipeline with current status, next steps, and owner information.
• Assist in tracking due diligence items and documents from LOI through closing.
• Portfolio Tracking
• Track portfolio KPIs monthly, including occupancy, collections, NOI against budget, and capital projects.
• Follow up with property managers and vendors on open items.
• Property Visits
• Travel to properties across the Midwest for tours, inspections, and check-ins.
• Write reports on property observations.

Requirements & Tech Stack

• Currently pursuing or recently completed a degree in real estate, finance, business, accounting, economics, or a related field.
• Comfort with Excel and willingness to learn financial modeling.
• Strong attention to detail and follow-through.
• Clear, direct written and verbal communication.
• Ability to work on-site in Lake Norden, SD (preferred).
• Willingness to travel to properties across the Midwest.
• A valid driver’s license.
• Familiarity with CoStar, property management software, or financial modeling training is a plus.
• Using modern tools and AI to work smarter is encouraged.

Qualifications

• You own outcomes, not tasks.
• You come with a recommendation, not just a question.
• You learn fast.
• You are accurate.
• You follow up.
• You show up.
• Coursework, a student club, or a prior internship in real estate, finance, or property management is a plus.
• Exposure to multifamily, acquisitions, or asset management is a plus.

Compensation

• Pay range: $18–$22 per hour.
• Hourly pay for all hours worked, with overtime paid as required by law.
• Company travel expenses reimbursed under company policy.