Junior Real Estate Analyst

Novogradac & Company LLP; Washington; On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Paid holidays

Competitive salaries

Flexible working hours

Remote and hybrid opportunities

Inclusive workplace

Job summary

Novogradac & Company LLP is seeking a Junior Real Estate Analyst to perform research and analysis for the Valuation Services Department. The role involves market studies, data collection, and economic trend analysis, with an emphasis on subsidized, tax credit, and market-rate housing.

Responsibilities include interviews with authorities, property managers, and developers, preparing market studies, and assisting in appraisals.

Qualifications

• Bachelor's degree in related area plus 1-2 years of Real Estate research, market analysis, or commercial appraisal experience.
• Excellent verbal and written communication skills; comfortable with primary and web-based research.

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, and demand analysis.
• Interview local housing authorities, planners, senior centers, and chambers of commerce to understand demand.
• Gather information from property managers of market/LIHTC/subsidized properties for market conditions.
• Analyze demographic information and economic trends affecting affordability.
• Synthesize data and draft market study reports with primary market area and comparables.
• Assist in appraisals of proposed and existing developments.
• Complete Novogradac's Affordable Housing Training within required timeframes.
• Assist with other duties and partner requests.

Skills

Strong communication

Analytical thinking

Organizational skills

Excel skills

Research skills

Education

Bachelor's degree

Real Estate or related field

Tools

Microsoft Office Suite

Job description

Job Description

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 exciting opportunity with us.

Position Summary

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.

Your Contributions and 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.

Your Background and Skills

Bachelor's degree in related area plus 1-2 years of Real Estate research, market analysis, or commercial appraisal experience. This position 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.

Why work with us?

Novogradac is committed to fostering a welcoming workplace where all employees feel valued and empowered to grow. We believe in offering a supportive, balanced work environment that encourages professional growth and work-life integration.

• 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

The benefits of joining our team

• Strong growth opportunities
• Competitive benefits package
• 401(k) package with firm profit-shari