Junior Real Estate Analyst

It's fun to work in a company where people truly believe in what they're doing! We're committed to bringing passion and customer focus to the business. Dare to bring your unique perspective? At Novogradac, we value individuals who bring unique perspectives and bold ideas. If you’re eager to contribute to an inclusive, innovative environment where your personal and professional growth is encouraged and supported, we invite you to explore this opportunity.

About the Role

The Junior Real Estate Analyst position is responsible for performing research and analysis for the Valuation Services Department. This includes collecting and coalescing pertinent data, assisting in market analysis, performing market studies and other reports, and analyzing economic trends in designated regions. The Junior Real Estate Analyst reports to a designated Manager or Principal on the Valuation Services team.

This position is expected to work in-office at a minimum during the first four months of employment. Flexible arrangements may be considered with Partner approval after that timeframe, although this position may require continued in-office presence.

Responsibilities

• Conduct economic and market research regarding market areas via telephone interviews and internet resources.
• Identify subsidized, tax credit, and market rate comparables.
• Perform preliminary property screenings, market analysis, comparable rents surveys, and demand analysis.
• Perform interviews with local housing authorities, planners, senior centers, and chambers of commerce to identify problems and understand demand in the market.
• Perform interviews with property managers of market/LIHTC/subsidized properties to gather property-specific information and general market conditions.
• Gather and analyze information on new developments in the area by speaking to developers, searching newspapers, and the internet.
• Find subsidized, tax credit, and market rate comparables.
• Request information from appraisers/brokers on improved and land comparables.
• Analyze demographic information of market area and economic trends, including employment, average wages, median incomes, and relation to demand for affordable housing.
• Synthesize all gathered information and draft the market study report for assigned properties, including drawing the primary market area, identifying appropriate property comparables, and completing a demand analysis.
• Assist in performing appraisals of proposed and existing real estate developments.
• Analyze the general housing market through comparison of renting and buying a home, construction of buildings, and apartment market studies performed by third parties.
• Quantify excluded properties in the market area.
• Conduct in-person site visits for designated properties.
• Complete Novogradac’s Affordable Housing Training & Assessment Program within the designated timeframes.
• Assist with other duties, projects, or partner requests as assigned.

Requirements

• Bachelor’s degree in a related area plus 1-2 years of real estate research, market analysis, or commercial appraisal experience.
• Current, valid Driver’s License and successful completion of a motor vehicle history check upon hire.
• Excellent verbal and written communication skills; comfort speaking with individuals via telephone and synthesizing information in written narrative form.
• Strong analytical skills, including the ability to gather information, conduct analyses, and present findings.
• Solid organizational and follow-through skills, performing work accurately with strong attention to detail.
• Ability to meet deadlines and effectively prioritize a fast-paced and varied workload.
• Strong computer skills, including advanced proficiency in Microsoft Excel.
• Available for domestic travel as needed, including driving or traveling by air, rail, or other transportation methods.

Benefits

• Increased number of paid holidays per year.
• Competitive salaries with continuous review of market conditions.
• Flexible working hours and work arrangements.
• Remote and hybrid opportunities.
• Inclusive workplace with strong professional growth and development opportunities.
• Strong growth opportunities.
• Competitive benefits package.
• 401(k) package with firm profit-sharing.
• Strong emphasis on quality work-life integration.
• Dress for your day policy.
• Resources of a national firm.
• Opportunities to engage with active Employee Resource Groups (ERGs) and affinity groups.

Pay

Compensation: $54,000 to $58,000 depending on experience. More is possible if experience dictates.