2027 Real Estate Private Equity Advisory Summer Analyst

Application deadline: Rolling basis

About the team

StepStone Real Estate (SRE) boasts extensive knowledge and experience with $190B in AUA and $20B in AUM as of December 2025. SRE leverages the strengths of our investment and advisory teams, drawing on our deep market research and investment analysis to create compelling opportunities and tailored portfolios of fund investments, secondaries, and co-investments for institutional investors worldwide. The Investment Team invests discretionary capital through our flagship GP-led secondaries fund, SREP, and a number of separately managed accounts (SMAs). The advisory team offers a full suite of capabilities to serve institutional investors seeking access to the private real estate markets at scale through committing to funds.

About the role

StepStone is currently seeking undergraduate students graduating between December 2027 through June 2028 to join our Real Estate team as Summer Analysts. This internship offers an exciting opportunity to achieve valuable learning experience working across the Real Estate industry. Through analysis of opportunistic, value-add, core and credit funds, Summer Analysts gain exposure to a wide array of property types, markets and capital structures and become accustomed to a variety of real estate private equity funds and investment strategies.

Responsibilities

• Underwrite and assess prospective fund manager materials to identify key value drivers and areas for deeper analysis
• Conduct market research using public sources and proprietary databases to analyze macroeconomic trends across property types
• Interpret financial analyses from fund managers, including track records, financial statements, and fund models
• Participate in meetings with potential partners and fund managers, supporting all aspects of active investment and advisory due diligence
• Support full-time staff on coverage responsibilities including asset and portfolio management of existing real estate portfolio and sourcing, and managing the inflow of investment opportunities

Requirements

• Must be able to work legally in the U.S. without requiring visa sponsorship now or in the future
• Must be willing to reside in Cleveland, Ohio
• Undergraduate student graduating anywhere from December 2027 through June 2028
• GPA of 3.5 or higher
• Strong proficiency in Microsoft Word, PowerPoint and Excel
• Excellent written and verbal communication skills
• Demonstrable analytical capabilities, including strong quantitative/modeling skills
• Collaborative mindset with a proactive and team-oriented approach
• Enthusiastic interest in Real Estate

Benefits

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 opportunity to gain practical experience and develop critical skills that will help you launch a successful career in Real Estate.

Pay

Salary: $65,000 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.