Commercial Real Estate Underwriting Intern

SimpleCITI

Posted 2 months ago

Internship

Garden City, New York

In Person

Smart Summary

Responsibilities

The intern will underwrite industrial and multifamily real estate deals using Excel and internal tools while analyzing rent rolls, lease terms, and market comps. They are also responsible for evaluating acquisition opportunities and summarizing key deal assumptions and risks for internal review.

Qualifications

You have at least 2 years of experience in real estate underwriting or acquisitions, with strong financial modeling and Excel skills. You possess an understanding of industrial lease structures, NOI, cap rates, and valuation, and are detail-oriented, efficient, and responsive to high-volume deal flow.

Must Have Skills for ATS

Excel

financial modeling

industrial lease structures

NOI

cap rates

valuation

Claude

CoStar

Yardi

RealNex

Job Description

SimpleCITI Companies, Hiring for CRE Underwriting Intern

Overview:

SimpleCITI Companies is a vertically integrated real estate and specialty finance platform built to execute across the full investment lifecycle. Our operating companies specialize in real estate acquisitions, capital markets, brokerage, property management, development, and specialty lending. With expertise in industrial, commercial, mixed-use, and residential real estate, SimpleCITI operates at the intersection of capital deployment, operational execution, and long-term value creation.

Job Description:

SimpleCITI is hiring a Real Estate Underwriting Intern to support acquisitions and investment decisions across our portfolio. The role will be primarily focused on industrial and multifamily real estate, evaluating a steady flow of off-market and marketed opportunities that align with our buy box. The ideal candidate is analytical, fast-moving, and confident underwriting CRE assets.

Core Responsibilities:
• Underwrite industrial and multifamily real estate deals using Excel and internal tools
• Analyze rent rolls, lease terms, expenses, and market comps
• Evaluate off-market and brokered opportunities for acquisition fit
• Summarize key deal assumptions and risks for internal review
• Maintain an organized and up-to-date underwriting pipeline

• 2+ years of experience in real estate underwriting or acquisitions
• Strong financial modeling and Excel skills
• Understanding of industrial lease structures, NOI, cap rates, and valuation
• Detail-oriented, efficient, and responsive to high-volume deal flow

Bonus:
• Familiarity with Claude in Excel
• Familiarity with CoStar, Yardi, or RealNex
• Exposure to off-market deal sourcing or industrial brokerage

SimpleCITI

Reducing complexity and friction in order to scale transactional, tactical, and strategic growth.
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