Investment Associate Financial Analyst Summer 2027 Intern

About Caldwell Companies

Caldwell Companies is an award-winning, fully integrated real estate development and investment firm based in Houston, Texas. For more than 35 years, we have developed master-planned communities, commercial developments, and residential rental communities. Recognized by the Houston Business Journal as one of the Best Places to Work, Caldwell offers a faith-based, fast-paced, entrepreneurial culture grounded in integrity, teamwork, and selfless service, guided by our mission, Doing it right. Right now.®

Position Summary

As an Investment Intern, you’ll work alongside our financial analysts as part of the investment team, getting a firsthand look at the acquisition, underwriting, and disposition process for our development projects. You’ll assist with financial modeling, market research, and project reporting while learning how development plans, market conditions, and financing decisions influence investment performance across residential, multifamily, commercial, and mixed-use projects.

Key Responsibilities

· Assist financial analysts with building and updating Excel models for prospective acquisitions and existing development projects.

· Research market trends, comparable properties, pricing, rents, and absorption to support underwriting assumptions and feasibility analysis.

· Review offering memorandums and acquisition materials; organize information to support the team’s evaluation of investment opportunities.

· Help update project budgets, forecasts, and cash flow projections; compare actual results with planned performance and summarize variances.

· Support analysis of investment returns, financing needs, and potential disposition opportunities under the guidance of the investment team.

· Assist with financial reports, investor reporting materials, and presentations; check supporting data for accuracy and completeness.

· Collaborate with investment and development teams on project assignments and additional research and analysis as needed.

Qualifications

· Currently pursuing a graduate degree in finance, real estate, economics, accounting, business, or a related field.

· Foundational understanding of financial statements, financial modeling, cash flow, and investment concepts through coursework or prior experience.

· Working knowledge of Microsoft Excel, including formulas and organizing data; financial modeling coursework or experience is a plus.

· Strong analytical, organizational, and communication skills, with attention to detail and the ability to manage deadlines.

· Curiosity about real estate development and investment, willingness to ask questions and learn, and initiative to follow through on assignments.

What You’ll Gain

Practical experience applying financial analysis to real development projects, learning from investment professionals, and understanding how financial and operational decisions shape a project from acquisition through disposition.