2026 Undergraduate Intern, Real Estate Opportunities
Oaktree Capital Management, L.P.Our Company
Oaktree is a leader among global investment managers specializing in alternative investments, with about $200 billion in assets under management. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 1200 employees and offices in 24 cities worldwide.
Oaktree's Real Estate group pursues a wide range of global investment opportunities, including direct property investments; investments in real estate-related corporations; CMBS and related securities; residential land, assets and loan pools; small-balance commercial loan pools; and non-U.S. investments. The group will also occasionally pursue development opportunities with aligned, high-quality partners. Our opportunistic approach and our team’s extensive expertise at the intersection of real estate and distressed debt allows us to capitalize on continued flow of over-leveraged and distressed real estate in need of rescue capital or asset repositioning.
More information about our summer development program can be found here. Participation in our summer program does not guarantee future employment. For additional information please visit our website at www.oaktreecapital.com.
Responsibilities
Oaktree is seeking one undergraduate summer intern with a 2028 graduation date to spend 10 weeks within the Real Estate Opportunities/Equity team. The summer intern will have the opportunity to participate in a wide range of real estate transactions for Oaktree's Real Estate strategies. This internship will be based in Oaktree’s downtown Los Angeles headquarters.
Typical investment opportunities include:
Acquisition of properties across CRE including multifamily, industrial, office and hotel;
Corporate equity and debt investments;
Opportunistic credit transactions;
Residential real estate investments.
The Interns will participate in a formal modeling and valuation training curriculum in addition to real estate investing trainings. Throughout the summer, Interns will shadow Associate team members in the group with primary responsibilities to include:
Financial analysis and modeling;
Market research;
Competitive analysis;
Assistance in the due diligence and execution of transactions;
Drafting of memoranda for internal and external use.
Qualifications
Outstanding financial modeling, analytical and presentation skills;
Competency in financial statement analysis, business valuation, accounting and finance;
Prior internship in real estate or financial services strongly preferred.
Personal Attributes
Outstanding initiative and strong work ethic;
Demonstrate non-linear thinking;
Excellent written, verbal and interpersonal communication skills;
Ability to prioritize and manage multiple competing tasks;
Collaborative, team-oriented with strong sense of integrity and professionalism.
Education
Currently pursuing a Bachelor’s degree from a top university or college.
Summer Stipend
$43/hour
Equal Opportunity Employment Policy
Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.
For positions based in Los Angeles
For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.