2027 Real Estate Investments Summer Analyst
We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.
Application deadline: September 7, 2026
The team you’lljoin
StepStoneis a global private markets specialist providing tailored investment solutions, advisory services, and data-driven insights to investors worldwide. Within StepStone, StepStoneReal Estate (“SRE”) serves as the firm’s dedicated private real estate platform. With $210 billionof capital responsibility as of March 2026, SRE combines extensive investment experience with deep market expertiseacross the global private real estate landscape.
SRE brings together its investment and advisory capabilities, supported by rigorous market research and investment analysis, to identifycompelling opportunities and construct tailored portfolios of fund investments, secondaries, and co-investments for institutional investors.
SRE’s Investment Team deploys discretionary capital through its flagship GP-led secondaries fund, SREP, as well as through a number of separately managed accounts.The Advisory Team provides a comprehensive suite of services to institutional investors seeking scalable access to private real estate markets, including the development and implementation of fund commitment programs.
About the role
StepStoneis currently seeking undergraduate students graduating between December 2027through June 2028to join our Real Estate teamas Summer Analysts. This internship offers an excitingopportunity to gain valuablelearning experience with SRE's Investment Team.Summer Analysts will assistin the evaluation, due diligence, execution, and ongoing asset management of real estate investments across a wide range of property types, markets, and capital structures.
What you’lldo
As a Summer Analyst, you will collaborate with the investment team to prepare and present recommendations to the Real Estate Investment Committee and our institutional investor clients.
Key responsibilities
- Participate in the underwriting and due diligence process for potential acquisitions, including financial analysis, market research, site visits, and document review
- Build financial models and perform sensitivity analyses to evaluate investment opportunities
- Develop and articulate independent views on the attractiveness of sectors or specific investment opportunities
- Construct and communicate investment theses clearly-both in writing and verbally-and defend your position in team settings, including Investment Committee meetings
- Draft investment memorandums and presentation materials for acquisition opportunities
- Assist with asset management tasks, including financial analysis and investor reporting for existing portfolio investments
- Support fundraising efforts by preparing presentation materials and analyzing historical fund- and asset-level performance
- Complete a case study for a mock investment which will be presented to Investment Committee
What we’relooking for
- Must be able to work legally in the U.S. without requiring visa sponsorship now or in the future
- Undergraduate student graduating anywhere from December 2027through June 2028
- GPA of 3.5 or higher
- Strong proficiencyin Microsoft Word, PowerPointand Excel
- Excellent written and verbal communication skills
- Demonstrable analytical capabilities, including strong quantitative/modeling skills
- Collaborative mindset with a proactive and team-oriented approach
- Demonstrated interest in real estate investing
Why join us?
At StepStone, we foster a supportive and inclusive team culture where collaboration and learning are the core of what we do. Our collegial atmosphere encourages teamwork, mentorship, and professional development. This summer internship is a great opportunityto gain practical experience and develop critical skills that will help you launch a successful career in Real Estate.
Application deadline: September 7, 2026
Click here to learn more about the intern experience.
Salary: $95,000 annually
The salary is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary does not include any benefits or other forms of possible compensation that may be available to employees.
At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Candidates must be at least 18 years old to apply.