Real estate analyst - private wealth capital markets

JLL empowers you to shape a brighter way. Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.

About the Role

JLL's Private Wealth Capital Markets team in Milan is seeking a talented Real Estate Analyst. The PW practice was founded in January 2024 in JLL Italy to support high-net-worth individuals, ultra-high-net-worth individuals, and family offices in their real estate investment and divestment strategies. This role offers the opportunity to work directly with sophisticated private clients, conducting market analysis, financial modeling, and providing strategic advisory across multiple asset classes mainly in the real estate market.

Key Responsibilities

Market Analysis & Research

You will conduct comprehensive analysis of real estate markets across various asset classes, preparing detailed information memorandum, market reports and sector studies tailored to client needs. This includes evaluating asset performance using standard industry KPIs and analyzing market comparables. Your analytical work will directly inform client investment decisions and portfolio strategies.

Financial Modeling & Valuation

A core component of your role involves analyzing, interpreting, and modifying real estate discounted cash flow (DCF) models to evaluate investment opportunities. You will prepare sensitivity analyses and alternative scenarios to help clients understand risk-return profiles, and support the team in pricing and structuring transactions. While building DCF models from scratch is not required, this capability would be considered a valuable asset.

Client Service & Transaction Support

You will participate in client meetings and property site visits alongside investors and real estate stakeholders, gaining direct exposure to high-level investment discussions. Your responsibilities include preparing presentations and informational materials for clients, and providing support throughout due diligence processes for both buy-side and sell-side transactions. You will also assist with daily back-office activities such as KYC/AML, contract reviews, and invoicing to ensure smooth transaction execution.

Required Qualifications

Education

Degree in Economics, Finance, Business Engineering, or Technical disciplines (Architecture, Engineering) Postgraduate qualification in Real Estate strongly preferred

Experience

Ideally 2-3 years of professional experience in real estate, finance, or related fields

Technical Skills

• Ability to analyze real estate markets across different asset classes
• Proficiency in preparing market reports and sector studies
• Understanding of real estate performance metrics and KPIs
• Experience analyzing market comparables and property valuations
• Capability to work with DCF models for real estate investments
• Strong competency in Microsoft Office suite (Word, Excel, PowerPoint)

Core Competencies

• Excellent analytical and problem-solving abilities
• Strong written and verbal communication skills
• Fluency in Italian and English (required)
• Attention to detail and ability to manage multiple priorities
• Client-focused mindset with professional presentation skills
• Ability to interact with a diverse range of people in professional contexts

What We Offer

This position provides an exceptional platform for professional growth within JLL's Private Wealth business line, part of the wider Capital Markets department, working with sophisticated clients and complex real estate transactions in one of Europe's most dynamic markets. You will develop expertise across multiple asset classes while building relationships with high-net-worth clients and industry stakeholders.