Real Estate Private Equity (Analyst) Modeling Test

I know there are plenty of posts on what to expect in a REPE modeling test but I’ve had trouble distinguishing which posts are for which roles. 
 

I was wondering if anyone could shed light on what I could expect from a 1 hour, take-home modeling test with a REPE firm that primarily invests in office (life science) and is value add. All I was told is that the test will be used to gauge my charting skills and formula knowledge as well as my modeling skills. 
 

I’m coming straight from undergrad - this is an entry position. On the job description it did say that anyone with a masters degree would be a plus.