Junior Real Estate Analyst

Novogradac•Bethesda, WA

About The Position

The Junior Real Estate Analyst performs research and analysis for Novogradac’s Valuation Services Department. The work includes collecting and synthesizing relevant data, assisting with market analysis and studies, preparing reports, and analyzing economic trends in designated regions. The analyst reports to a designated Manager or Principal on the Valuation Services team. The position is expected to be performed in an office at least during the first four months of employment. Flexible arrangements may be considered with Partner approval after that period, though continued local-office attendance may be required. The role includes in-person site visits and domestic travel as needed. New hires must complete Novogradac’s Affordable Housing Training & Assessment Program within designated timeframes.

Requirements

Bachelor’s degree in a related area.
1–2 years of real estate research, market analysis, or commercial appraisal experience.
Maintain a current, valid driver’s license and successfully complete a motor vehicle history check upon hire.
Excellent verbal and written communication skills, including comfort conducting telephone-based primary research and presenting findings in written narrative form.
Strong analytical skills, including the ability to gather information, conduct analyses, and present findings.
Strong organizational and follow-through skills, accuracy, and attention to detail.
Ability to meet deadlines, prioritize a fast-paced and varied workload, and manage concurrent and shifting priorities.
Strong computer skills, including proficiency with the Microsoft Office suite.
Availability for domestic travel as needed and ability to drive or travel by air, rail, or other means to designated sites.

Nice To Haves

Advanced skill in Microsoft Excel.

Responsibilities

Conduct economic and market research on market areas using telephone interviews and internet resources.
Identify subsidized, tax credit, and market-rate comparable properties.
Perform preliminary property screenings, market analyses, comparable-rent surveys, and demand analyses.
Interview local housing authorities, planners, senior centers, and chambers of commerce to identify issues and understand market demand.
Interview property managers of market-rate, LIHTC, and subsidized properties to gather property-specific information and general market conditions.
Research new area developments by contacting developers and searching newspapers and the internet.
Request information from appraisers and brokers on improved-property and land comparables.
Analyze market-area demographic information and economic trends, including employment, average wages, and median incomes, and assess their relationship to affordable-housing demand.
Synthesize research and draft market-study reports for assigned properties, including drawing the primary market area, selecting appropriate comparables, and completing demand analyses.
Assist with appraisals of proposed and existing real estate developments.
Analyze the general housing market by comparing renting and buying a home, reviewing building construction, and examining 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 designated timeframes.
Assist with other duties, projects, or partner requests as assigned.