2026 Summer Associate, Real Estate Development

Related • San Francisco, CA

11d • $70 - $70 • Onsite

About The Position

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Learn more about Related at www.related.com.
Related California, the West Coast affiliate of Related Companies, is a fully integrated real estate firm that develops multifamily residential and mixed-use properties in California. Since 1989, Related California has undertaken a range of transformational developments from best-in class luxury high rise residential properties to the redevelopment of obsolete public housing, spanning a broad spectrum of urban infill, affordable, mixed-income and market rate multi-family developments. The company has a development portfolio of more than 19,500 residential units completed or under construction, and more than 4,200 affordable and 7,300 market rate units in pre-development. Related California has a long history of community partnership, having collaborated with more than 40 municipalities and over 30 non-profit organizations throughout California, and has successfully developed and managed a broad range of property types throughout Alameda, Contra Costa, Los Angeles, Orange, Sacramento, San Bernardino, San Diego, San Francisco, and Santa Clara counties. Related California has developed more than $9.3 billion in assets and has a track record of consistently developing communities that exceed industry benchmarks in design, construction, sustainability, and property management. For more information about Related California, visit www.relatedcalifornia.com.
Program Overview:
Our formal 10-week internship programs provide students with the opportunity to work on critical projects integral to our team's success. Interns work alongside some of the best minds in Real Estate, in an innovative, fast-paced environment and are expected to approach tasks and projects with dedication and initiative.
Our internship program connects students with industry leaders and provides foundational real estate knowledge through a speaker series and networking events. We focus on accelerating growth with hands-on professional development and training. Recognizing that real estate thrives on relationships, we create an engaging experience with volunteering, portfolio tours, and intern led activities, all designed to build collaboration and a connected cohort.

Requirements

• First year MBA or Master’s student with a target graduation date of Spring 2027
• Actively pursuing a graduate degree in Real Estate, Finance, Real Estate Development
• A strong passion for real estate development
• 2+ years of relevant experience in corporate finance or real estate analysis
• Demonstrates clear and concise communication skills, both verbally and in writing
• Excellent quantitative and analytical skills; with advanced proficiency in Microsoft Excel
• Exhibits a strong understanding of technical skills and job specific knowledge
• Self-starter with a proactive approach to tackling tasks and challenges
• Ability to navigate ambiguity and adapt to new challenges in a dynamic work environment
• Related is not offering visa sponsorship for this position.

Responsibilities

• Supporting all aspects of a development project including: financial analysis and modeling, due diligence, zoning, legal oversight, budgeting, design, construction, acquisition, project management and leasing.
• Conduct financial analysis and due diligence for new investment opportunities
• Assist with all aspects of development: financing, entitlement / government approvals, public relations, design, leasing / marketing, and construction
• Support the team in preparing business plans, including annual operating plans, financial forecasts and strategic plans
• Manage detailed municipal filings for various development related programs, such as municipal financing applications and real estate tax abatements
• Monitor construction costs, budgeting, and the timeline of deliverables
• Perform research and analysis to benchmark trends in target markets by tracking rents, sales per SF, operating costs, competitive supply and expansion activity
• Minimize exposure and risk on various projects
• Effectively communicate relevant project information to superiors

What This Job Offers

• Career Level: Intern