Summer Intern
OpenSpan - Now Pegasystems
About the Role
This is an eight-week summer internship program where interns will work on live deals alongside the Development, Acquisitions, and Asset Management teams. The program provides hands-on exposure to the real estate lifecycle, from site identification and underwriting to property performance analysis.
Key Responsibilities
- Assist in sourcing and screening potential acquisition and development opportunities.
- Build cash flow projections, rent and sales comparables, and detailed financial models to assess property feasibility.
- Help determine pricing parameters and draft letters of intent to purchase.
- Gather and review due diligence materials, including surveys, title work, environmental reports, and third-party studies.
- Take ownership of submarket research, investigating demographics, employment drivers, schools, and local points of interest.
- Build a market survey of 5–7 competitive properties, visiting each to evaluate positioning.
- Produce market research reports on comparable properties and demographic trends.
- Support the predevelopment process with project management tasks for design and construction.
- Review monthly operating packages and provide feedback on utility, clarity, and potential reductions.
- Trace information in operating packages to the responsible team and interview team members to understand decision-making processes.
Qualifications
- Rising senior or graduate student currently enrolled at an accredited college or university.
- Master's students in real estate, construction, finance, or a related field are strongly preferred.
- Comfortable in Excel and Word.
- Experience with Argus is a plus.
- Curious, analytical, and eager to see properties firsthand.
- Self-motivated with an entrepreneurial streak.
- Able to juggle multiple projects in a fast-moving team environment.
- Excited to work in person and learn from colleagues across disciplines.
Highly Valued Characteristics
- High degree of professionalism.
- Commitment to quality and continuous improvement.
- Open-minded and willing to learn.
- Humility and ability to admit limitations or mistakes.
- Knowing when and how to ask for help.
- Adaptability and flexibility.
- Belief in the importance of putting the team first.
- Strong sense of respect for self and others.
- Unwavering commitment to integrity.