This post provides exhaustive information on the real estate analyst job description, including the key duties, tasks, and responsibilities they commonly perform.
It also highlights the major requirements you may be expected to meet to be hired for the real estate analyst position.
What Does a Real Estate Analyst Do?
Real estate analysts evaluate the real estate market, research, and monitor market conditions and trends pertinent for making sound investment decisions.
They provide their services to property development companies, asset management firms, establishments with a portfolio of properties, etc.
Their job description entails providing financial analysis relevant for the financing, acquisition, marketing, and leasing of properties.
It also involves providing professional advice to real estatecompanies and other firms in the business based on the economic conditions, micro and macro factors, and market trends and their financial implications.
Real estate analysts may also be required to evaluate a client’s credit worthiness, as well as assist in negotiating lease and mortgage contracts and coordinating loans.
Their role also involves maintaining and running financial models on existing assets and/or acquisitions, utilizing financial tools such as Argus and DCF.
They are responsible for creating sophisticated analyses for tracking and reviewing returns and performance on Asset and Fund levels.
They consolidate, analyze, and model financial data, including budget analysis and income statement forecasting.
The real estate analyst duties also include providing support in modeling and analyzing financial data regarding refinancing, acquisitions, and/or disposition of investments.
Their work description also entails updating and completing various investor reports, including financial snapshots and qualitative summaries.
The analysts are responsible for evaluating research data and producing real time valuation.
They are responsible for producing regular market performance assessment (MPA) reports for clients and maintaining real estate market rating models for the assigned properties on the market.
They also monitor and analyze specified commercial and residential real estate market conditions using the area’s internal and external real estate, financial, and economic data, as well as research.
When working for an organization with real estate investments, analysts are required to manage the firm’s real estate holdings by continually monitoring the markets where they have properties; they are prepared to deal with any changes that may occur, and to capitalize on positive shifts.
Real estate analysts collaborate with senior developers and investment teams in the underwriting, due diligence and modeling for new developments, and current assets and future acquisitions.
They communicate with people inside and outside the organization such as in Asset Management, Acquisitions, Legal, and Accounting, Operating Partners, Development and Investment teams.
To become a real estate analyst requires a Bachelors Degree in Finance, Accounting, Business, marketing, or Real Estate.
In addition to academic qualification, they also require some role-based skills to successfully perform the job of a real estate analyst.
They require strong research abilities, analytical, computer, and excellent communication and organizational skills.
Real Estate Analyst Job Description Example/Sample/Template
The real estate analyst primary functions entail collecting and analyzing data, maintaining and constantly elevating the quality of the organization’s data, and working with the company research team to present data in an informative way, with the goal of aiding investment decisions.
The major tasks, duties, and responsibilities a real estate analyst typically performs are listed in the job description example below:
- Track and analyze all aspects of the local commercial real estate market
- Proactively leverage on knowledge from research for products, client projects, and business development efforts
- Develop, implement, and lead strategic office research plan that aligns with the firm’s local business objectives
- Serve as a market “expert” with extensive detailed knowledge of the macro and micro factors affecting the market
- Responsible for managing the production of all local research reports and collateral, expanding and improving the research platform, program, and output
- Positively represent the organization by building strong relationships with internal and external clients, including being personally client-facing and externally focused on new business efforts
- Contribute to business
- development efforts by working with marketing teams and business leaders to position research
- Maintain statistics and analysis for the local real estate market
- Responsible for writing, editing, and organizing office research reports both for local and national publications
- Attend to requests for information and data from external and internal clients
- Present compelling trends and analyses to internal teams and clients on a regularly basis
- Responsible for analyzing and creating reports on the local real estate market and regional economy with respect to employment statistics, major company activities, industry trends, and demographics that affect the local real estate market
- Handle heavy day-to-day data entry duties
- Prepare and present reports to executives and committees.
Real Estate Analyst Requirements – Skills, Knowledge, and Abilities for Career Success
If you are seeking the job of a real estate analyst, it isimportant to know that you will be expected to fulfill certain requirements for the employer/recruiter to be sure that you will be able to effectively carryout the real estate analyst obligations, objectives, and purpose as specified by them.
Shown below are major employers’ requirements for the real estate analyst role:
- Education: Real estate analysts require a Bachelor’s degree in Real Estate, Business, Economics, or in a related field
- Knowledge: They require experience managing workload, report productions, and programs
- They also require a strong command of the local real estate markets and business, with a good understanding of macro trends and historical perspective
- It is also vital that analysts have good understanding of private equity, investment risk and real estate investments
- Prior exposure to commercial real estate properties/assets, including multifamily, senior living, SH, mixed-use, retail, industrial, and office
- Research skills: The bulk of the real estate analyst job involves data collection and analysis; hence they must possess strong data collection, validation, and auditing skills. They must be up-to-date with recent trends and news in the industry. Their job also requires a detailed study of the real estate market for trends, micro and macro factors affecting the market etc. hence they must possess solid research ability
- Analytical skills and problem-solving abilities: They require high level analytical skills to run financial models as well as analyze all aspects of the local real estate markets and exposure to ARGUS a plus
- Organizational skills: They require the ability to multi-task, manage time, and workload
- Strong written and oral communication skills: They must possess solid or fluent writing skills because their job entails writing reports and rankings for internal and external professional communications. They must also possess oral communication abilities to effectively work in team environment and present reports and communicate technical or numerate data in a clear and concise manner
- They need to have the ability to work effectively under pressure. They must be able to make rational decisions when under pressure
- Entrepreneurial: Real estate analysts must be a self starter with the ability to work independently and think proactively and strategically. Also, they must be proactive and able to align research with the business for innovative research output
- Computer skills: They must be proficient in the use of Excel, Word, PowerPoint, and Database systems. Also, GIS experience and interest and the ability to work with mapping software and techniques (ESRI and Google Earth Pro) is a plus
- Team player: They require the capability to work within the team, and work within a diverse, collaborative, and driven professional environment.
If you are an HR manager, employer, or recruiter, you can apply the content and sample job description provided in this post to make the perfect description of the real estate analyst position in your company.
When you provide interested persons for the vacant realestate analyst position a detailed description of the job, they will be able to determine if they qualified for it or not. And that means you will be able to attract only the best suited candidates for the position.
This post is also useful to individuals interested in the real estate analyst career. They will be able to increase their knowledge of the role, and to prepare themselves for the future job.
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