Market Analyst - Real Estate

Position Summary

Supports the Chief Strategy Officer in two core mandates: Deal/Site Evaluation & Revenue Underwriting Support — partner closely with Development to evaluate sites already selected by our developers, producing rigorous market studies that pressure-test unit mix, achievable rents/premiums, pricing ladders, absorption, and revenue growth factors used in underwriting. Market Surveillance & Portfolio Monitoring — continuously monitor national multifamily trends and maintain NRP market dashboards to flag risks/opportunities and to inform forward-looking revenue assumptions across the portfolio.

Key Responsibilities

• Build market study packages for developer-selected sites: submarket definition, demand drivers, household formation, income bands, rent-to-income tests, and affordability stress.
• Construct rent comp sets and lease-up absorption assumptions.
• Quantify and timeline competitive pipeline; run scenarios on deliveries, concessions, and absorption slowdowns.
• Review annual/quarterly revenue growth factors (market rent, concessions, economic occupancy, other income) and document rationale.
• Update underwriting input tabs to reflect approved assumptions.
• Maintain a national market watch: rents, occupancy, absorption, supply risk, and macro indicators; publish monthly highlights and early-warning flags.
• Track supply within target markets and forecast absorption.
• Track and explain variance between pro forma assumptions and observed market performance.
• Data, Tools & Visualization
  • Source, clean, and integrate large datasets from Yardi Matrix, CoStar, RealPage; (property, submarket, pipeline).
  • Advanced Excel modeling
  • AI Tools, Agents & Automation (Copilot, Claude)
  • Own hands-on setup, configuration, and ongoing maintenance of AI assistants/agents (Microsoft Copilot, Claude, and similar) to accelerate market research, comp collection, underwriting support, and executive-ready narrative drafting.
  • Create and maintain repeatable prompt templates and structured workflows (inputs, assumptions, citations/traceability, and output formats) so analyses are consistent, auditable, and easy to refresh.
  • Develop and maintain a library of reusable artifacts (prompt packs, checklists, standard tables/charts, and “definition of done” quality gates) for market studies, comps, and monthly market-watch reporting.
  • Implement guardrails for responsible use (data sensitivity rules, hallucination checks, source verification, and version control of assumptions) and enforce validation standards before outputs are used in underwriting or executive materials.
  • Deliver automation for high-friction tasks (data cleaning, consolidation, variance explanations, and dashboard commentary) using AI-assisted scripting and productivity tooling.
• Cross-Functional Collaboration & Communication
  • Partner with Development on weekly pipeline reviews; align market conclusions with site timelines.
  • Cookordination with Acquisitions/Underwriting to ensure revenue inputs are current and well-supported.
  • Suport Capital Markets/IR with concise market narratives, benchmarks, and chart-ready outputs.
  • Deliver executive-ready presentations with clear recommendations and risks.

Qualifications

• Education: Bachelor’s in Finance, Economics, Real Estate, or related field.
• Experience: 2–4 years in multifamily real estate market analysis; exposure to both market-rate and workforce segments.
• Technical Skills: Advanced Excel and financial modeling.Proficiency with PowerPoint.Experience with Yardi Matrix, CoStar, RealPage.Hands-on experience using AI tools and agentic workflows—specifically Microsoft Copilot and Claude (or equivalent)—including agent setup/maintenance, prompt/workflow design, and rigorous output QA/validation for research and repeatable analysis.
• Personal Attributes: Clear, concise communicator with executive presence.Highly detail-oriented; organized; comfortable in a fast-paced environment with multiple deadlines.Curious, rigorous, and solutions-oriented.

Work Environment & Requirements

• Hybrid; minimum four days/week in our Cleveland corporate office.
• Travel: 25-50%

Pay Range

This position offers a pay range of $70,000-85,000/year depending on experience.