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Real Estate Development Intern Jobs in Reston, VA

CloudHQ LLC

Real Estate Development Manager

Ashburn, VA · On-site

A bachelor's degree in Real Estate Development, Civil Engineering, Construction Management, Urban Planning, Finance, or related field * A minimum of five (5) years of experience in large-scale ...

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Urban, Ltd

Real Estate Development Manager

Annandale, VA · On-site

$80K - $120K/yr

... real estate, finance, architecture, engineering, construction management, or another related field. * 3-5 years of managing commercial and residential land development projects through the approval ...

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Novoco

Real Estate Analyst Intern

Washington, DC

$18 - $20/hr

... Junior Analyst Intern position is responsible for performing multifamily real estate market ... Gather new information on new multifamily developments in the area by speaking to developers ...

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All JobsReal Estate Development Intern JobsReal Estate Development Intern Jobs in Reston, VA

Real Estate Development Intern information

See Reston, VA salary details

$9

$17

$25

How much do real estate development intern jobs pay per hour?

As of Jul 1, 2026, the average hourly pay for real estate development intern in Reston, VA is $17.72, according to ZipRecruiter salary data. Most workers in this role earn between $15.00 and $20.00 per hour, depending on experience, location, and employer.

What types of projects and responsibilities can a Real Estate Development Intern expect to handle during their internship?

As a Real Estate Development Intern, you will typically be involved in tasks such as market research, financial modeling, site analysis, and assisting with due diligence for potential projects. You may also support the preparation of presentations, attend project meetings, and collaborate with architects, engineers, and city officials. This role provides exposure to the full lifecycle of development projects, offering hands-on experience that helps you understand both the challenges and rewards of the industry.

What is the difference between Real Estate Development Intern vs Real Estate Analyst?

AspectReal Estate Development InternReal Estate Analyst
Required CredentialsTypically pursuing or recent graduate in real estate, urban planning, or related fieldsBachelor's degree in finance, real estate, or related field; often with some experience
Work EnvironmentInternship setting, assisting development teams, site visits, researchOffice-based, analyzing market data, financial modeling, reporting
Employer & Industry UsageReal estate development firms, construction companies, urban planning agenciesReal estate investment firms, consulting companies, financial institutions

While both roles involve real estate, a Real Estate Development Intern focuses on supporting development projects through research and site visits, often as a learning position. A Real Estate Analyst conducts in-depth market and financial analysis to inform investment decisions, typically requiring more experience and analytical skills.

What does a Real Estate Development Intern do?

A Real Estate Development Intern assists with the various phases of property development projects, including market research, site analysis, financial modeling, and project management tasks. They often support senior team members in preparing presentations, conducting due diligence, and coordinating with architects, contractors, and local authorities. This role provides hands-on experience in understanding the real estate development process from concept to completion, helping interns gain valuable industry skills.

What are the key skills and qualifications needed to thrive as a Real Estate Development Intern, and why are they important?

To thrive as a Real Estate Development Intern, you need a foundational understanding of real estate principles, financial analysis, and project management, often supported by coursework in business, finance, or urban planning. Familiarity with tools such as Microsoft Excel, project management software, and GIS mapping systems is typically required. Strong communication, analytical thinking, and attention to detail are standout soft skills for this role. These skills and qualities are essential for effectively supporting development projects, conducting research, and contributing to decision-making processes in a dynamic industry.
What are the most commonly searched types of Real Estate Development jobs in Reston, VA? The most popular types of Real Estate Development jobs in Reston, VA are:
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Real Estate Development Intern jobs near you
Real Estate Development Accountant

Real Estate Development Accountant

BANNEKER VENTURES LLC

Silver Spring, MD • On-site

$70K - $90K/yr

Full-time

Posted 24 days ago

Be an early applicant

Job description

About Banneker

Banneker Ventures is a dynamic and fast-growing real estate development, construction, advisory, and property management firm dedicated to building vibrant, sustainable communities throughout the Washington, DC metropolitan area. With a reputation for excellence, Banneker recently expanded its operations to include a Property Management division. The role we are seeking to fill offers the unique opportunity to lead and shape this new division, directly impacting the long-term growth and success of the firm.

Its real estate development division prides itself on helping to solve the affordable and workforce housing problem in the Washington Metropolitan region. It is currently working on $1.5 billion in projects, and 2 million square feet of housing, retail, office, and entertainment space throughout Washington DC, Maryland, and New York City. Its mission is to ensure that every family has a safe, quality, and affordable place to live while creating opportunities for those who have historically not had the opportunity to work on and be part of large-scale development and construction projects.

Job Description

Reporting to the CFO, the Real Estate Development Accountant is responsible for performing professional-level accounting work related to the maintenance, analysis, and reporting of financial records for real estate development and construction projects. The role requires strong knowledge of construction and real estate accounting principles, with an emphasis on general ledger management, job costing, and accounts receivable. Key responsibilities include managing monthly closings, maintaining accurate accounting records and files, preparing and organizing financial reports and analyses, and ensuring compliance with company policies and industry standards. The Real Estate Accountant will also support draw requests, work-in-progress schedules, and other project-related reporting. This position may also participate in ad hoc projects, process improvements, and general office support as needed.

Essential Duties and Responsibilities:

Prepare and maintain pre-development budgets, including land acquisition costs, zoning, permitting, and soft costs.

  • Track feasibility study expenses and compare them against approved budgets.
  • Model project pro formas, including anticipated financing costs, developer fees, and contingency allowances.
  • Record and categorize all pre-development expenditures (legal, architectural, engineering, due diligence).
  • Maintain general ledger accounts for pre-development costs to ensure accurate capitalization.
  • Monitor use of equity contributions and pre-construction financing draws.
  • Prepare draw requests for lenders and investors, including supporting documentation for each cost incurred.
  • Track pre-development loan interest, fees, and repayment schedules.
  • Produce monthly pre-development financial reports for project managers and executives.
  • Assist in variance analysis between budgeted and actual costs.
  • Provide financial input for investor updates and capital partner reporting.
  • Maintain detailed job cost reports by cost code, including committed costs vs. actuals.
  • Process contractors invoices and progress billings, ensuring alignment with contract terms and percentage of completion.
  • Prepare monthly construction loan draw packages with all supporting invoices, lien waivers, and compliance documents.
  • Reconcile lender draw disbursements with recorded project costs.
  • Monitor availability of contingency funds and adjust forecasts accordingly.
  • Produce development-phase financial statements for management and investors.
  • Ensure compliance with loan agreements, investor reporting requirements, and audit requests.
  • Monitor insurance costs, bonds, and other project-related financial obligations.

Additional Performance Factors:

  • Extreme attention to detail and focus on accuracy
  • Maintains professional and technical knowledge by identifying and participating in training programs. Recommends process performance improvements.
  • Adheres to corporate policies/standards and guidelines as established in cross-functional areas.
  • Prompt arrival to work, meetings and activities as related to job functions
  • Performs other duties as assigned.

Qualifications:

  • Bachelor’s degree in Accounting or Finance and a minimum of 1 year of applying accounting principles in a general contracting environment with annual revenue of at least $10MM; or an acceptable equivalent to education and experience in the field.
  • Able to demonstrate proficiency with general accounting principles and application of appropriate standards such as revenue recognition, job costing, and payroll taxes.
  • Hands on experience preparing financial reports and extracting data from databases to prepare reports for analysis at a high level.
  • LIHTC Experience preferred.
  • Strong Excel skills and experience working with Quickbooks software.
  • Experience in accounting, real estate accounting, or property accounting preferred.
  • Experience in real estate industry preferred.
  • Solid written and verbal communication skills are a must.
  • Good interpersonal, communication, organizational, multi- tasking, teamwork and abstract thinking skills are required.