Commercial Real Estate Extended Internship/Co-Op (January - August 2027)
About The Position
We’re looking for a Commercial Real Estate intern to join our Principal Real Estate Servicing team for an extended internship/co-op for January - August 2027. In this fast-paced, constantly evolving environment, you will play a critical role in supporting your team, which is not only exciting, but the best way to learn. Through our comprehensive training program, you will acquire valuable industry knowledge while receiving tailored development opportunities preparing you for future advancement. Principal Real Estate, a top-10 global real estate manager with around $100Billion in assets under management, is the dedicated real estate investment group within Principal Asset Management. With over 60 years of real estate investment experience, our comprehensive four quadrant approach (private equity, public equity, public debt, and private debt) gives us a unique perspective on real estate space and capital markets and enables us to deliver solutions to meet client investment goals.
Requirements
- Working towards or having a recent Bachelor’s degree or equivalent (preference for degrees in Finance, Real Estate, Business, or a related field)
- Strong quantitative financial and statistics background including an understanding of basic finance concepts
- Proficiency in Microsoft Excel, Word, and PowerPoint
- Highly motivated individual with a self-starter approach
- Excellent written and verbal communication and interpersonal skills
- Availability to work onsite (four days a week, one day remote) in Des Moines, IA for 40 hours/week from January - August 2027
Nice To Haves
- Real estate experience (full time or internship experience, clubs or extracurriculars)
- Involvement in student organizations and other business-related extracurriculars
Responsibilities
- Perform property review (operating, financial, and market performance) of loans assigned and perform compliance tests for loan covenants.
- Analyze and interpret loan documents or legal contracts.
- Process loan payoffs, including payoff calculations and borrower communication.
- Organize and review various loan draws for construction and escrows.
- Develop knowledge of products, programs and clients’ needs through available training programs and involvement in investment activities.
Benefits
- Paid company holidays
- Internship Stipend of $6,000
- Tax gross-up on stipend
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What This Job Offers
Job Type
Full-time
Career Level
Intern
