Welltower

The published tracks are:

• Summer Analyst, Real Estate Investments (undergraduate, Finance/Real Estate/Economics or related): underwriting acquisitions, market assessments, financial modelling, and operator-relationship work, posted in New York and Toronto
• Summer Associate, Real Estate Development (Masters/MBA): feasibility and market analysis, benchmarking, underwriting, and development-budget tracking, posted in New York at $35/hour or $8,600/month
• Capital Markets Summer Intern: a third published function in the same ten-week structure

The Careers page states 90% of full-time offers extended to interns are accepted, framing the program as the primary pipeline into the firm's analyst and associate ranks rather than an exploratory rotation. The function options are narrow – Investments, Development, and Capital Markets – and the geography skews to New York with Toronto as the only consistent secondary location, so a candidate applying needs to be comfortable with that footprint.

The portfolio is narrow by design: 1,500+ Seniors and Wellness Housing communities across the United States, United Kingdom, and Canada, plus a secondary Outpatient Medical property line.

• Single-sector REIT (seniors and wellness housing), not a diversified property portfolio – early-career work concentrates on one asset class rather than rotating across office, industrial, and retail
• The firm publicly positions itself as "a product company in a real estate wrapper" driven by data science (its data-science platform is called out as one of its four "What We Do" headings on the corporate site) and operator relationships
• The 90% intern-to-full-time conversion figure on the Careers page suggests the summer programs operate as the primary entry-level hire channel, not a screening exercise

For an early-career applicant choosing between real estate employers, the trade-off is specialisation: underwriting, capital allocation, and operator-partnership work in one asset class at scale, rather than a rotational breadth across property types.