Commercial Real Estate Valuation Associate

About the position

The position involves participating in the preparation of legally-compliant appraisal reports within a designated territory, contributing to the valuation process in the commercial real estate sector. The role emphasizes the integration of data science and analytics technology to enhance valuation decisions, while also fostering collaboration with various stakeholders to drive efficiency and accuracy in appraisals.

Responsibilities

• Participate in all aspects of preparing legally-compliant appraisal reports in and around the assigned territory.
• Compile relevant macro- and micro-level market research.
• Catalog and analyze property-specific financial due-diligence materials, including income and expense statements, rent rolls, purchase and sale agreements, offering memoranda, investment proformas, development cost budgets, and federal housing subsidy contracts.
• Conduct competitive market research and analyze comparable sales, rents, amenities, locations, etc.
• Assist in development and refinement of software programs and financial models for valuation applications.
• Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel.
• Perform other duties as assigned.

Requirements

• Bachelor's or master's degree in Real Estate, Finance, Accounting, Economics, Statistics, or Business preferred.
• Preferred 2+ years of commercial/multifamily real estate valuation, underwriting, or financial analysis experience.
• Active and good standing Appraiser Trainee license (or on track to complete).
• Proficiency with Windows OS and Microsoft Word and Excel.
• Strong analytical skills: proven acumen in financial modeling or real estate underwriting.
• Working knowledge of commercial real estate data services preferred: REIS, CoStar, RealPage, Yardi, ESRI, etc.
• Excellent verbal and written communication skills; comfortable on the phone with market participants.
• Strong literary and grammatical competency; very comfortable with business-formal writing composition.
• Strong propensity to take initiative with minimal direction.
• A genuine interest in PropTech and multifamily real estate.

Nice-to-haves

• Data science, statistics, or software programming experience, skills, or interest desirable.
• Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes.

Benefits

• Up to 83% subsidized medical payroll deductions
• Competitive dental and vision benefits
• 401(k) + match
• Pre-tax transit and commuting benefits
• A robust health and wellness program
• Paid maternity and parental leave, as well as other family paid leave programs
• Company-paid life, short and long-term disability insurance
• Health Savings Account and Healthcare and Dependent Care Flexible Spending
• Career development opportunities
• Empowerment and encouragement to give back - volunteer hours and donation matching