Job Description

About Pegasus

Based in Century City, Los Angeles, Pegasus is a national commercial real estate advisory firm that has a well-diversified services platform consisting of investment sales, capital markets, asset management and leasing. By leveraging its suite of services and investing heavily in its integrated marketing, technology and research capabilities, Pegasus has successfully positioned its valued clients to withstand and thrive in all market cycles since the firm’s inception in 1988. All of the services within the Pegasus platform have been thoughtfully and organically developed over the firm’s 35+ year history for the sole purpose of providing the highest level of real estate advisory to its exclusive roster of clients. Pegasus delivers superior results with an unparalleled degree of quality and consistency by building a truly comprehensive, in-house suite of services and solutions designed around its discerning clients’ needs and objectives. By building long-term relationships and developing a deep and intimate knowledge of its clients’ real estate positions, Pegasus enables its clients to achieve consistent, reliable and elite investment performance.

Our Rotational Internship Program offers students a unique opportunity to experience multiple facets of the commercial real estate industry—providing both analytical depth and practical exposure.

Program Summary

The Pegasus Rotational Summer Internship Program is an elite highly selective nine-week immersion designed for exceptional students seeking to gain in-depth exposure to multiple facets of commercial real estate. Analysts will join a small, curated cohort and rotate across four verticals -  Investment Sales, Capital Markets, Asset Management, and Leasing , gaining both technical and practical knowledge while working alongside seasoned professionals. Analysts will be under direct mentorship of industry-known senior professionals and division heads.

Each rotation integrates intensive training, live transaction execution, client strategy sessions, and market immersion labs, providing an institutional-level command of real estate investment, operations, and value creation.

This highly selective program offers institutional-level exposure across real estate private equity, investment banking, and capital markets, matching the intensity, analytical depth, and deal sophistication of top-tier investment firms.

Key Responsibilities

• Conduct research and data collection to support active transactions and portfolio management initiatives
• Observe internal and client-facing meetings to understand communication, deal structure, and execution strategies
• Support the Investment Sales team by underwriting assets, performing market research, and assisting with marketing collateral
• Collaborate with the Capital Markets team on loan sizing exercises, lender outreach, and capital stack analysis
• Contribute to Asset Management by reviewing budgets, rent rolls, and property performance reports
• Assist the Leasing team with tenant credit review, lease abstracts, property tours, and market comp analysis
• Engage with Pegasus professionals across divisions to understand cross-functional workflows and collaboration within the firm
• Deliver a final presentation summarizing rotation experiences and key insights gained throughout the internship

Learning Outcomes

• Develop a broad understanding of the commercial real estate transaction lifecycle from acquisition to disposition
• Gain dynamic hands-on exposure to underwriting, debt structuring, leasing, and asset management practices
• Build technical proficiency in CoStar, Loopnet, Crexi, and Excel-based financial modeling
• Learn to interpret financial statements, rent rolls, and operating data to assess property performance
• Understand how market research and tenant analysis influence investment and leasing strategies
• Complete the program with practical experience and clarity on potential career paths in commercial real estate
• Completion of the internship does not guarantee employment; however, top-performing interns may be invited to apply for open positions within the firm
• This is an unpaid internship designed to meet academic credit requirements, and the program typically qualifies for internship course credit at many accredited universities

Qualifications

• Currently enrolled in an accredited undergraduate or graduate program
• Eligible to receive academic credit through your university
• Strong analytical and communication skills
• Proficient in Microsoft Excel and interested in real estate finance or development
• Self-motivated, detail-oriented, and eager to learn in a fast-paced environment

How to Apply

Submit the following materials to [email protected] with the subject line

“Pegasus Summer Internship 2025 – [Your Name]”:

1. Resume

2. Cover Letter describing your interest and goals

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