Easy explanation for capital markets in real estate?
I am looking to career paths in CRE and I want to apply to internships in capital markets (I’m an undergrad) can anyone explain to me what would be a role of someone working in capital markets and what is capital markets?

Edit: looking at JLL
[{"id": "hj2vb4p", "text": "Capital markets is investment sales. And there is high level structured financed, tax planning, acquisitions, dispositions jobs and there is, call these Taco Bell owners and update this spreadsheet type jobs. \n\nIf you are dealing with pension funds who need to get 8% irr and are looking to do a joint venture with your development arm or an equity reit looking to break into mezzanine financing deals you are in the first group. If you are cold calling 1000 mom and pops about selling a Wendy\u2019s in Arkansas and need to update traffic counts and demographics and create an \u201cunderwriting report\u201d you are in the second.", "replies": [{"id": "hj4tbbi", "text": "Capital markets is not always investment sales, it could be debt or equity placement which is extremely different.", "replies": [], "depth": 2}, {"id": "hj5n2vi", "text": "Capital markets is (in my experience) not investment sales. Capital markets is the team that helps raise debt and/or equity.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hj3y5kr", "text": "Capital markets at any of the major brokerages is typically referring to their structured finance team, not investment sales. That\u2019s not a bad thing, just important to understand.\n\nInvestment Sales - marketing properties for sale and acting as the intermediary throughout the transaction process.\n\nStructured Finance - connecting developers and buyers with sources of capital, either equity or debt.", "replies": [{"id": "hjb2mmq", "text": "Everyone here had great input but this one really helped yesterday over a networking call", "replies": [], "depth": 2}], "depth": 1}, {"id": "hj57ehx", "text": "So here's my semi-facetious take on the question.  In my last job I sat next to the capital markets team, albeit at a consumer lending company (which may be very different).  My observations about their job responsibilities:\n\n1. Update their interest rate spreadsheets. Every. Day.  Maybe three times a day.  You'd do a lot of this in a junior role.\n2. Occasionally yell at one of the people who wrote the underwriting algorithm about a loan that didn't conform to the sales standards.\n3. Work 24x7 on negotiations for bond sales a couple times a year.\n4. Strive to be the most uptight team within the company.  Using \"basis points\" in casual conversation is a prerequisite for working in this type of role.", "replies": [], "depth": 1}, {"id": "hj5b6w1", "text": "The term \u201ccapital markets\u201d is literally the market for capital. Where people go to buy and sell capital. In this case: money to acquire, renovate, construct, develop, or all-of-the-above commercial real estate assets. \n\nSo if you are a developer and you have a plan to 1. buy a parcel of land, 2. demolish the building/s on it, 3. entitle the land for a new office tower, 4.  construct the office tower, 5. lease it out with tenants, and 6. sell it, but you don\u2019t have enough money to do that all on your own, you would go to the capital markets to find someone who will give you the money you need to execute your plan. Assuming that they agree it\u2019s a good plan. \n\nA person who works in capital markets might be hired by the developer to assist them in putting together a package that the players in the capital markets will like and want to buy. This would typically be some combination of debt with a fixed return secured by a lien on the property, and equity with some rights to cash flow distributions, if and when they occur. \n\nIf you\u2019re asking this question now: As an intern in capital markets at JLL you will probably just be doing busy work and trying to figure out what the hell is going on. Ask a lot of questions. Hop onto as many calls as possible just to listen in so you start getting a feel for the terminology and general concepts.", "replies": [], "depth": 1}]