Real Estate Junior Analyst

Novogradac & Company LLP • Columbus, OH

5d • Hybrid

About The Position

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 as well as 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 the employee to continue to go into a local office.

Requirements

• Bachelor’s degree in related area plus 1-2 years of Real Estate research, market analysis, or commercial appraisal experience.
• Must possess and maintain a current, valid Driver’s License and successfully complete a motor vehicle history check upon hire.
• Excellent verbal and written communication skills; this position involves a great deal of primary research in addition to web-based research, and Jr. Analysts must be comfortable speaking with individuals via telephone and synthesizing this information in written narrative form.
• Display 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, effectively manage a variety of concurrent and shifting priorities.
• Strong computer skills, including solid skill in the Microsoft Office suite (prefer advanced skill in Excel)
• Available for domestic travel as needed, including ability to drive or travel by air, rail, or other transportation methods to reach designated sites for in-person visits.

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, chamber 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 which include employment, average wages, median incomes of market area and relation to demand of affordable housing in area.
• Synthesize all gathered information and draft the market study report for assigned properties – this includes but is not limited to drawing the primary market area, identifying appropriate property comparables to be included, and completing a demand analysis.
• Assist in performing appraisals of proposed and existing real estate developments.
• Analyze 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.

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, providing 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 our active Employee Resource Groups (ERGs), affinity groups, and advance your career within a supportive, inclusive environment
• medical
• dental
• vision
• paid time off
• life/disability insurance
• commuter flex accounts

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level