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Position Available –

Summer Internship 2023

Summary:

Rialto Management Group, LLC (“Rialto” or “Rialto Capital”) is a fully integrated real estate investment management, asset management, and operating company.  Rialto Capital was formed in 2007, and since its founding, has participated in the investment of billions of dollars of equity in real estate assets. The company invests and manages assets throughout the capital structure in real estate properties, loans, and securities. Since 2009, Rialto has raised over $10.8 billion with its global partners and invested this capital in debt and equity holdings.

 

Rialto is one of the market leaders in CMBS B-Piece bond acquisitions and as of June 30, 2022, is the named Special Servicer on a Commercial Mortgage-Backed Securities (“CMBS”) portfolio of loans totaling over $120 Billion in unpaid principal balance.

 

Summer Internship Program:

Rialto Capital offers a 10-week Summer Internship Program designed to immerse Summer Interns in the daily activities of one of our real estate asset management divisions.  Summer Interns will be assigned to a specific department based on the Summer Intern’s interests and skill set.

The program starts with a formal orientation and in-depth asset management training.  Responsibilities will vary by department but will mirror the responsibilities of a full-time analyst with the company.  Summer Interns will also have the opportunity to participate in educational workshops, speaker events, and networking opportunities.  Each Summer Intern will be paired with a current Rialto Analyst or Associate mentor.

As the summer concludes, successful Summer Interns may be invited to join the Rialto team in the fall as an Analyst within a specific department or in our Rotational Analyst program for the upcoming year.

 

Basic Qualifications:

  • Current undergraduate Junior, first year MBA student, graduate student, or 1L/2L in law school
  • Passion for real estate
  • Highly analytical and collaborative
  • Strong work ethic and organizational abilities
  • Proficiency in Excel
  • Excellent oral and written communication skills
  • Ability to relocate to Miami, FL for the summer

 

Program Features:

  • 10-week program commencing June 2023
  • Located in Miami, FL
  • Real estate industry experience

 

Asset Management Departments:

CMBS Performing Loans: Evaluate various real estate transactions including leasing matters, property sales, property management changes, hotel franchise agreements, etc. An intern in this group will be responsible for performing both qualitative and quantitative analyses as documented in written memoranda and verbal presentations to the team’s approval committee.

 

CMBS Loan Workout: Recommend resolution strategies for all non-performing loans (monetary and non-monetary defaults) that transfer into special servicing. Resolution strategies include but are not limited to loan modification, loan extension, forbearance, foreclosure, reinstatement, etc. An intern in this group will perform both qualitative and quantitative analyses on the loan & underlying real estate collateral, in order to ultimately recommend the course of action that will yield the greatest recovery on a net present value basis.

 

Real Estate Asset Management: Oversee daily property operations, coordinate and negotiate leasing efforts, complete property improvements and ultimately liquidate assets owned by Rialto or its subsidiaries. An intern in this group will analyze real estate assets in order to determine optimal holding period strategy, terminal valuation and timing of asset disposition.

 

Collateral Surveillance: Monitor risk factors associated with Rialto’s CMBS bond investments. Lead annual RE-Underwriting initiative of CMBS loans. An intern in this group will help the team prepare pool summaries for senior executives, underwrite loans, conduct micro & macro level market research, identify and proactively mitigate potential market risk factors in the CMBS portfolio, and evaluate cash flow projections of CMBS loans against underwriting.

Working Conditions

While performing the duties of this job, the Associate is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop. The Associate must occasionally lift and/or move up to 25 pounds. Evening and/or weekend work may be necessary to meet deadlines. This description outlines the basic tasks and requirements for the position noted. It is not a comprehensive listing of all job duties.
Rialto Capital is committed to the principles of Equal Employment Opportunity. Our policy is to provide equal employment opportunity to all applicants and Associates without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity or expression, national origin, age (40+), disability, veteran status, genetic information (including family medical history), or any other legally protected status.

Our company uses E-Verify to confirm the employment eligibility of all newly hired employees.

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Job Snapshot

Employment Type:

Full Time

Location:

Miami, FL

Job Type:

Student Programs and Internships

Experience:

Contact Human Resources

If you think you have what it takes to be a part of a fast-paced, high-performance team of entrepreneurs, and talented real estate investment and asset management experts, we want to hear from you.

For more information about career opportunities or to submit your resume, contact us at:

Core Competencies

Rialto Capital focuses on the following core competencies in both recruitment and Associate development.

Our Total Rewards

Rialto Capital provides an attractive Total Rewards package for our Associates, which includes:

Get to Know us –
About Rialto Capital

Rialto Capital is a fully integrated real estate investment management, asset management and operating company. Rialto Capital was formed in 2007, and since its founding, has participated in the investment of billions of dollars of equity in real estate assets. The company invests and manages assets throughout the capital structure in real estate properties, loans, and securities.

We are headquartered in Miami, with offices in New York City and across the US. We offer Market Competitive Compensation including Bonus Opportunity for many roles, as well as: Paid Holidays, Vacation, Personal and Sick Time, 401(k) Plan with Company Match, Medical, Dental, and Vision Plans, Company Paid Life & Disability Insurance and Paid Parental Leave.

Additional Openings
The term "Rialto Capital" refers to Rialto Management Group, LLC (“RMG”) and its subsidiaries: Rialto Capital Management, LLC, the registered investment advisor ("RCM"), and Rialto Capital Advisors, LLC, the asset manager and special servicer ("RCA"). All information as of 12/31/2020, unless otherwise noted.
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