Intern, Corporate Development & FP&A

About Invitation Homes

Invitation Homes has established itself as a leading performer in the REIT sector since its IPO in 2017, assembling a high-quality portfolio of more than 85,000 homes with an enterprise value of roughly $30 billion. Backed by a resilient single-family rental market and strong operating fundamentals, the company continues to pursue disciplined growth across multiple fronts — deploying its own balance sheet capital, investing alongside partners through joint ventures it manages, and expanding its third-party property management platform for institutional owners.

The Corporate Development and FP&A teams play a central role in advancing this strategy by sourcing, evaluating, and executing strategic opportunities/deals that shape the company’s long-term growth trajectory. The teams also help refine and update financial forecasts to support budgeting, performance analysis, and forward-looking strategic planning. For the Summer Analyst Program, the team is seeking candidates who combine strong analytical and problem-solving skills with intellectual curiosity, attention to detail, and the ability to thrive in a fast-paced, collaborative environment. Ideal candidates are comfortable managing multiple projects, working in a team setting, being comfortable being open to communicating insights clearly, and eager to learn in a dynamic, high-impact setting.

Internship Overview

The internship is a 10-week immersive program designed to provide students with hands-on experience working on complex, real-world transactions and strategic initiatives. Interns will collaborate closely with managers and mentors, tackling meaningful challenges and contributing to impactful work that supports the company’s long-term growth strategy.

The program also offers professional development opportunities, including executive speaker sessions, networking events, and exposure to teams across the organization. The goal is to equip interns with strong technical, analytical, and leadership skills, laying the foundation for a successful career in Corporate Development and FP&A. High-performing interns will have the opportunity to transition into a Full-Time Analyst role upon successful completion of the program.

Key Responsibilities:

• Assist in building and refining financial models for live transactions and strategic projects, including accretion/dilution analysis, discounted cash flow (DCF) valuation, NAV modeling, real estate underwriting, and return profile assessments.

• Contribute to the development and enhancement of financial and operational models in Anaplan and Excel to support forecasting, scenario planning, and decision-making.

• Help prepare materials for investment committee and board presentations.

• Conduct industry and company research to inform strategic initiatives and investment decisions.

• Analyze transaction structures, asset performance, and investment returns to support deal evaluation.

• Collaborate with cross-functional teams (Finance, Legal, Operations, Technology, Accounting) to advance key growth initiatives.

• Maintain internal trackers, diligence workstreams, and strategic pipeline reporting.

• Assist in preparing monthly and quarterly investment portfolio reports.

• Support property-level cash flow forecasting and help maintain the enterprise-level corporate financial model.

• Provide support for FP&A activities, including variance analysis, budgeting, and preparation of monthly financial performance reports.

What we are looking for:

• Strong analytical and quantitative skills; proficiency in Excel and PowerPoint

• Excellent written and verbal communication skills

• Detail-oriented with the ability to manage multiple workstreams simultaneously

• A self-starter with intellectual curiosity and a collaborative mindset

• Interest in real estate, finance, investing, or corporate strategy

• Senior (Class of 2026) pursuing a degree in Finance, Economics, Real Estate, Business, Engineering, or a related field

• Previous FP&A, investment banking, private equity, or hedge fund internship experience is preferred but not required

Other Requirements

• Must maintain professional appearance

• Ability to work on a regular and consistent basis; overtime may be required for this position

• Expected to be present in Dallas office every day; remote work is available on an as needed basis

Salary Range

Invitation Homes is an equal opportunity employer committed to fostering a diverse, inclusive and innovative environment with the best associates. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, Veteran status or any other factor protected by applicable federal, state or local law. If you have a disability or special need that requires accommodation, please contact us at humanresources@invitationhomes.com.

To all recruitment agencies: Invitation Homes does not accept agency resumes.  Please do not forward resumes to Invitation Homes employees.  Invitation Homes is not responsible for any fees related to unsolicited resumes.