Real Estate Development Intern

Realty Income Corporation • San Diego, CA

20d • Hybrid

About The Position

At Realty Income, The Monthly Dividend Company®, our internship program offers more than just work experience—it’s an opportunity to discover purpose, build meaningful connections, and unlock your professional potential. Purpose. As an intern, you’ll contribute to the mission that drives everything we do: delivering dependable value to our shareholders, colleagues, and communities. You’ll work on impactful projects that align with our business strategy and support our purpose of doing the right thing, taking ownership, empowering each other, and giving more than we take. Connection. Throughout the summer, you’ll collaborate with professionals across departments, gaining mentorship and insights from leaders who are passionate about your growth. You’ll join a community built on trust, inclusion, and teamwork—because we believe success is achieved together. Opportunity. This 10-week program is designed to accelerate your learning and career exploration. You’ll gain hands-on experience in a publicly-traded, global real estate investment trust while developing the skills, confidence, and relationships that can shape your future. Join us from June 17 to August 24, 2026, and experience what it means to build a meaningful career rooted in purpose, strengthened by connection, and driven by opportunity. Realty Income is looking for a Real Estate Development Intern to join our in-house Development team for the summer of 2026.

Requirements

• We are looking for a student who will be a rising Senior during the summer of 2026, with a degree focus in Finance, Economics, Real Estate, Architecture, or Construction with a minimum GPA of 3.2 and experience with the following qualifications:
• Proficient with Microsoft Office including Outlook, Word, Excel, PowerPoint, Teams, and SharePoint.
• Knowledge of MS Project, Smartsheet, or other work planning application.
• Critical thinker with the ability to synthesize complex information and conceptualize solutions.
• Ability to foster strong, collaborative relationships and communicate effectively with key stakeholders.
• Intellectually curious, excellent analytical, critical thinking skills with strong business acumen.
• An adaptive learner that displays excellent judgment and critical thinking skills which enable timely and appropriately risk balanced advice and guidance.
• A team player who displays self-confidence, encourages collaboration, and establishes credibility that earns organizational trust from superiors and peers who can find common ground in solving problems.
• Demonstrated integrity and commitment to the highest ethical standards and personal values.
• Self-motivation and initiative to organize and prioritize work, performing the job with minimal supervision.

Responsibilities

• Reviewing budgets, underwriting, and analyzing related economics.
• Assist with broker, developer, and tenant communications.
• Preparing and presenting financial analyses and reports to the Investment Committee.
• Managing Development pipeline updates & tracking and Quarterly Reporting.
• Analyze comparable properties and rents in Costar and other platforms to provide relevant market data for deal transactions.
• Gather market and trade area information and documents related to zoning, property taxes, demographics, easements and use restrictions.
• Effectively utilize the Marshall Valuation Services cost guide, existing budgets, and other tools to determine replacement costs of building and site improvements.
• Collaborate openly and effectively with the Acquisitions, Asset Management, Treasury, and Accounting teams.
• Provide support on department wide ad hoc initiatives.

What This Job Offers

• Career Level: Intern
• Number of Employees: 251-500 employees