Development or JLL Capital Markets Internship

Based on the most helpful WSO content, your decision should align with your long-term career goals. Here's a breakdown:

1. Development Internship (Smaller Pond):

   • Pros: You'll gain exposure to a variety of aspects in real estate development, which is valuable if you're aiming for a career in development or entrepreneurial ventures. Smaller teams often mean more responsibility and hands-on experience.
   • Cons: Limited deal volume and potentially less structured training compared to larger firms.

2. Capital Markets Internship (JLL, CBRE, Eastdil):

   • Pros: Higher deal volume, exposure to institutional clients, and a structured environment. This experience is highly transferable and can open doors to REPE, REITs, or other high-profile roles.
   • Cons: You may be more specialized in your role, which could limit exposure to other areas of real estate.

Recommendation:
If your ultimate goal is to work in development or start your own firm, the development internship might be more aligned with your aspirations. However, if you're looking to build a strong foundation in finance, gain exposure to institutional deal-making, or keep options open for REPE or other capital markets roles, the JLL/CBRE/Eastdil internship is the better choice.

Sources: Career Path in Commercial Real Estate, https://www.wallstreetoasis.com/forum/real-estate/starting-my-career-in-cre-five-years-out-of-undergrad-brokerage-vs-development?customgpt=1, Making The Jump - Construction Manager to Development, Need direction in life, How the hell are return offer candidates going to be assessed this summer?