Valuation Advisory - Senior Associate

CohnReznick• , IL

1d•Hybrid

About The Position

CohnReznick is a top professional services firm offering careers in advisory, assurance, and tax, valuing innovation and collaboration. The firm helps organizations optimize performance, manage risk, and maximize value through its assurance and advisory/tax services, providing deep industry knowledge and solutions. With offices nationwide, CohnReznick serves clients globally as an independent member of Nexia. This career opportunity is for a Senior Associate to join the Fractional Interests team within the Valuation Advisory Services practice. CohnReznick operates as a hybrid firm, encouraging professionals to be in the office/together in person on average 3 days a week for collaboration. The Valuation Advisory group offers a wide suite of services, providing opportunities for learning and growth, and team members interact across all levels. CohnReznick is committed to creating opportunity, value, and trust for clients, people, and communities, balancing work with life and offering a robust Total Rewards package.

Requirements

Bachelor’s degree in Real Estate, Finance, Economics, Business Administration, Urban Planning, or a related field
3+ years of experience preparing real estate market studies and/or consulting analyses, with a focus on multifamily housing
Strong understanding of real estate market fundamentals, including supply and demand dynamics, absorption analysis, and rent positioning
Advanced proficiency in Excel, including the ability to build and audit analytical models
Experience using market research and data platforms such as CoStar, MLS, Esri, Census/ACS, or similar sources
Familiarity with narrative report writing and market study presentation standards
Excellent analytical, organizational, and problem‑solving skills, with strong attention to detail
Ability to manage multiple engagements concurrently and meet client and agency deadlines

Nice To Haves

Prior experience with affordable housing market studies (LIHTC, HUD, or other subsidized housing programs) strongly preferred

Responsibilities

Design and define the scope of work for market study engagements, including affordable, mixed‑income, and market‑rate multifamily developments
Independently complete market studies, including primary and secondary market area delineation, demographic and economic analysis, competitive supply analysis, demand and absorption analysis, and achievable rent conclusions
Prepare and review narrative market study reports in compliance with applicable program requirements (e.g., LIHTC, HUD, state housing agencies, and NCHMA guidelines)
Perform site inspections and competitive property surveys, including verification of unit mixes, rents, amenity packages, and overall market positioning
Apply valuation and real estate principles as needed to support market conclusions, including understanding of income, sales, and cost considerations where relevant
Ensure quality control, technical accuracy, and internal consistency of client deliverables prior to issuance
Develop and maintain Excel‑based analytical models to support rent, demand, and absorption analyses
Assist with improving internal market study processes, templates, and analytical tools
Coordinate with senior team members and clients to meet engagement timelines and respond to reviewer or agency comments
Mentor and support junior staff with data collection, analysis, and report preparation