Real Estate Analyst, Multifamily

Summary:

The Real Estate Analyst will conduct financial underwriting, market analysis, and due diligence to support the acquisition, development, and management of multifamily properties in the Southeastern U.S. This role requires advanced Excel modeling skills, familiarity with multifamily market dynamics (e.g., rent trends, occupancy rates), and the ability to translate data into actionable insights for investment decisions.

Essential Duties and Responsibilities:

Financial Analysis & Underwriting:

• Develop multi-year operating budgets and pro forma financial models forecasting NOI for stabilized/lease-up assets.
• Perform sensitivity analysis on key variables (occupancy rates, rental growth, expense ratios) using MS Excel.
• Prepare investment memorandums for internal stakeholders, incorporating market rent comps and expense benchmarks.
• Validate assumptions using historical performance data and CoStar/RealPagemarket analytics.

Market Research & Due Diligence:

• Analyze demographic, economic, and competitive market data (e.g., rent rolls, absorption rates) using CoStar, RealPage, and proprietary databases.
• Conduct site visits to assess physical asset conditions, lease-up progress, and submarket risks (e.g., oversupply, zoning changes).
• Collaborate with brokers, appraisers, and third-party vendors to validate underwriting assumptions.

Operational Support:

• Generate monthly Market Performance Assessment (MPA)reports tracking occupancy, rent growth, and expense ratios.
• Support asset management by identifying value-add opportunities (renovations, amenity upgrades) through cost-benefit analysis.
• Maintain a centralized database of pipeline deals, closed transactions, and market research.

Stakeholder Collaboration:

• Assist Senior Associates in client-facing roles, including preparing Q&A materials for investor meetings.
• Build relationships with lenders, brokers, and property managers to source off-market deals and validate benchmarks.

REQUIRED QUALIFICATIONS:

• Bachelor’s degree in Finance, Real Estate, Economics, or related field.
• Exposure to Southeastern U.S. markets (NC, SC, GA).
• Advanced proficiency in Excel (VLOOKUP, pivot tables, scenario modeling) and PowerPoint.
• Familiarity with real estate software: CoStar, RealPage, Yardi, or Argus.

Preferred Qualifications:

• 1–2 years of experience in multifamily real estate (underwriting, acquisitions, or development).
• Basic understanding of construction budgets and entitlement processes.
• Pursuing or holding CFA Level I, CAIA, or Argus Certification.

Travel:

• Up to 25% travel may be required, depending on the location of assigned properties.

Physical Demands:

• The employee is occasionally required to reach with hands and arms and may need to lift and/or move up to 25 pounds.

• Ability to sit, stand, and walk for long periods.

• Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

This job description is not all-inclusive and other duties may be assigned.