Market Analyst - Real Estate

Join NRP's A+ Team

NRP's team has been recognized as a "Top Workplace" because we promote a culture where our team can build long-term careers and connections. As we grow as a company, our goal is that you will grow in your career.

NRP has been recognized with several industry awards including Top Workplaces; Best and Brightest Companies to Work For; and National Apartment Association's Best Places to Work.

We value our employees by offering a competitive benefit package including:

• Commission and bonus opportunities
• Paid vacation and sick leave
• 11 Paid holidays
• Paid maternity & parental bonding leave
• Short & long term disability
• Medical/Dental/Vision/Life Insurance
• 401(k) Match
• Training, certification, & growth opportunities
• Employee referral & recognition programs

Since its founding in 1994, NRP has been dedicated to building quality homes for our residents, regardless of income. The NRP Group is a full-service multifamily developer, general contractor, and property manager with assets and operations reaching an expanding range of markets nationwide.

Position Summary

Supports the Chief Strategy Officer in two core mandates:

• Deal/Site Evaluation & Revenue Underwriting Support partner closely with Development to evaluate sites already selected by our developers, producing rigorous market studies that pressure-test unit mix, achievable rents/premiums, pricing ladders, absorption, and revenue growth factors used in underwriting.
• Market Surveillance & Portfolio Monitoring continuously monitor national multifamily trends and maintain NRP market dashboards to flag risks/opportunities and to inform forward-looking revenue assumptions across the portfolio.
• The role blends hands-on analysis with clear executive communication, leveraging large datasets (Yardi Matrix, CoStar, RealPage, and other sources) and required AI-enabled workflows to translate data into decisions.

Key Responsibilities

• Build market study packages for developer-selected sites: submarket definition, demand drivers, household formation, income bands, rent-to-income tests, and affordability stress.
• Construct rent comp sets and lease-up absorption assumptions.
• Quantify and timeline competitive pipeline; run scenarios on deliveries, concessions, and absorption slowdowns.
• Review annual/quarterly revenue growth factors (market rent, concessions, economic occupancy, other income) and document rationale.
• Update underwriting input tabs to reflect approved assumptions.
• Maintain a national market watch: rents, occupancy, absorption, supply risk, and macro indicators; publish monthly highlights and early-warning flags.
• Track supply within target markets and forecast absorption
• Track and explain variance between pro forma assumptions and observed market performance.
• Source, clean, and integrate large datasets from Yardi Matrix, CoStar, RealPage; (property, submarket, pipeline).
• Advanced Excel modeling
• Own hands-on setup, configuration, and ongoing maintenance of AI assistants/agents (Microsoft Copilot, Claude, and similar) to accelerate market research, comp collection, underwriting support, and executive-ready narrative drafting.
• Create and maintain repeatable prompt templates and structured workflows (inputs, assumptions, citations/traceability, and output formats) so analyses are consistent, auditable, and easy to refresh.
• Develop and maintain a library of reusable artifacts (prompt packs, checklists, standard tables/charts, and "definition of done" quality gates) for market studies, comps, and monthly market-watch reporting.
• Implement guardrails for responsible use (data sensitivity rules, hallucination checks, source verification, and version control of assumptions) and enforce validation standards before outputs are used in underwriting or executive materials.
• Deliver automation for high-friction tasks (data cleaning, consolidation, variance explanations, and dashboard commentary) using AI-assisted scripting and productivity tooling.
• Partner with Development on weekly pipeline reviews; align market conclusions with site timelines.
• Coordinate with Acquisitions/Underwriting to ensure revenue inputs are current and well-supported.
• Support Capital Markets/IR with concise market narratives, benchmarks, and chart-ready outputs.
• Deliver executive-ready presentations with clear recommendations and risks.

Qualifications

• Bachelor's in Finance, Economics, Real Estate, or related field.
• 24 years in multifamily real estate market analysis; exposure to both market-rate and workforce segments.
• Advanced Excel and financial modeling.
• Proficiency with PowerPoint.
• Experience with Yardi Matrix, CoStar, RealPage.
• Hands-on experience using AI tools and agentic workflowsspecifically Microsoft Copilot and Claude (or equivalent)including agent setup/maintenance, prompt/workflow design, and rigorous output QA/validation for research and repeatable analysis.

Personal Attributes

• Clear, concise communicator with executive presence.
• Highly detail-oriented; organized; comfortable in a fast-paced environment with multiple deadlines.
• Curious, rigorous, and solutions-oriented.

Work Environment & Requirements

• Hybrid; minimum four days/week in our Cleveland corporate office.
• Travel: 25-50%

This position offers a pay range of $70,000-85,000/year depending on experience.

The NRP Group is committed to a policy of assuring that all employees and applicants for employment are recruited, hired, assigned, placed, transferred, demoted, laid off, terminated, paid, trained, and generally treated during employment on the basis of qualifications and merit; without discrimination due to color, race, religion, sex (including pregnancy or marital status), sexual orientation, gender identity and expression, age, national origin, ancestry, veteran status, military status, disability, genetic information, citizenship, or any other classification or activity protected by federal, state, and local law and ordinances.