Real Estate Analyst
Position Summary:
Provide analytical insight of market and financial conditions by working with the Director of Multi-Family, underwriting multifamily real estate developments throughout the Southwest, Texas and Southeast.
PRIMARY RESPONSIBILITIES
Pre-Stabilization
- Analyze lease up performance and projections; make recommendations
- Analyze and project performance hurdles and deal profit; make recommendations
- Prepare memos and presentations
Market Analysis
- Research various markets to determine estimated demand and supply for multi-family
- Research market metrics to determine estimated absorption, lease-up projections, and rental rates
- Determine market trends to make accurate projections for rent growth, market demand, absorption, and various economic conditions
- Maintain market rating models based on the investments Titan has made and is pursuing
- Analyze key demographic and economic trends in various markets
- Analyze trends in the market place to determine opportunities for investments
- Track sales trends in various markets through cap rates and valuations
- Develop relationships with brokers, property managers, and developers to analyze market opportunities
- Analyze the micro and macro trends to develop accurate projections for proformas
- Research detailed competitor sets to determine projections for rents, lease-up, absorption, unit sizes, unit mix, project size, finish level, amenity packages, etc.
- Monitor news reports and data sources to stay up to date on market trends and new competing projects
- Research construction pricing in various markets through networking for underwriting purposes
Financial Analysis
- Analyze sales comps to determine accurate sales projections for assets
- Develop proprietary perspectives on markets to underwrite new projects for new investments
- Collaborate with the financial analysts to develop proformas for underwriting and analysis
Underwriting
- Prepare internal investment memorandums for approval committees and pitch books for raising equity and securing debt
- Research the company’s key markets to provide insight on supply and demand trends in the local economy, demographic changes, potential site’s competitive set, and the state of the apartment market
- Thoroughly evaluate rent, expense and tax assumptions and make informed recommendations
Financing
- Prepare investment memorandums for securing debt
- Coordinate requests for information from lenders
- Facilitate lender support and requested analysis
Desired Qualifications
- 2+ years of experience in multi-family real estate
- Excellent academic track record with demonstrated interested in real estate or finance
- Excellent writer who communicates effectively and succinctly
- Ability to network with consultants and brokers across the country
- Advanced user of Microsoft Excel
- A critical thinker and self-starter capable of accomplishing a task with limited guidance and supervision