Description
WashREIT is a publicly traded company transitioning from a diversified REIT into a pure multifamily REIT and expanding from the DC metropolitan area into Southeastern markets. We’re growing for sure!
Research plays an integral role in the operations of WashREIT, from underpinning our understanding and selection of markets, submarkets and assets for capital distribution, to understanding the needs and motivations of our residents to better serve them. To support our growth and expansion, we have created a new position for a Senior Market Research Analyst, with a front-row seat to initiatives spanning all our departments, by conducting research and analysis across the real estate industry and our resident base.
You are a good fit for this position if you have experience involving applied business economics, real estate research or consumer research, and intellectual curiosity surrounding the intersection of real estate, consumer behavior and locational economics. You should be technologically savvy and have strong analytical skills.
In this role, you will be working a flexible 3/2 (office/remote) hybrid schedule.
PRIMARY RESPONSIBILITIES
Real Estate Market Research
- Analyze real estate market data across multiple metropolitan statistical areas (MSAs), submarkets and communities from primary and secondary research sources, utilizing diverse analytical methods to distill clear findings and insights from large, complex data sets.
- Monitor economic, labor and demographic trends across regional markets in the southeastern United States.
- Support the investments team with acquisitions due diligence, assist the development team on feasibility studies for ground-up development and partner with the operations department on industry performance benchmarking.
- Prepare and publish creative and concisely written apartment market, economic and demographic updates to internal and external audiences, including executive team, company intranet and social media.
- Monitor industry statistics and follow trends in trade and local market publications.
Resident Research
- Engage in resident research to help understand trends, underlying needs and preferences of existing and potential residents. Utilize a hypothesis driven approach and both quantitative and qualitative primary research methods to develop soundly reasoned conclusions.
- Manage third-party survey firm relationships and in-house resources. Devise and evaluate methods and procedures for collecting data, such as surveys, opinion polls, or questionnaires, or arrange to obtain existing data. Direct trained survey interviewers.
- Collect and analyze data on customer demographics, preferences, needs, and buying habits to identify potential markets and factors affecting product demand.
- Conduct research on consumer opinions and marketing strategies, collaborating with marketing department, statisticians, pollsters, and other professionals.
- Measure and assess customer and employee satisfaction.
Enterprise Support
- Assist in the sourcing and development of market, economic and resident trend data to create materials supporting the company’s Investor Relations’ messaging for the stakeholders of the Company.
- Communicate findings throughout the company across all disciplines, helping to solve specific issues/challenges, and providing support as topical issues arise. Communication involves written analysis, creation of statistical exhibits and collaborative work within project work groups.
- Collaborate with other internal analytical resources across departments.
REQUIREMENTS
- Bachelor’s Degree in economics, economic geography, real estate or closely related field preferred. Master’s degree helpful.
- Progressively more responsible experience performing duties requires for the role.
- Desired experience includes previous work involving applied business economics, real estate research or consumer research.
- Previous experience utilizing market research platforms such as Costar, RealPage Market Analytics, and Real Capital Analytics.
- GIS experience is preferred, with working knowledge of Esri ArcGIS platform.
- Strong technical knowledge including Microsoft applications such as Word, Excel, PowerPoint, and Power BI, as well as ability to learn how to source data from internal systems, such as Yardi.
- Demonstrates resilience and commitment to deliver and be accountable for results.
- Strong interpersonal skills, and ability to effectively communicate and manage internal and external relationships.
- Strong customer service orientation and ability to champion through daily interactions.
- Champions commitment to Diversity, Equity, Inclusion & Belonging initiatives.
WHO IS WashREIT?
WashREIT, publicly traded on the NYSE under the symbol WRE, is a trusted authority in one of the most competitive real estate markets in the country. We own a research-driven portfolio of value-oriented multifamily properties (7,500+ units) located in high-growth Washington metropolitan submarkets and are expanding our reach into Southeastern markets and fully transforming into a multifamily REIT.
WHY WORK AT WashREIT?
- We’re team players! We value our open culture working in a collaborative environment that values interdisciplinary teamwork, creative ideas and uncommon solutions.
- We practice corporate responsibility! Our focus on sustainability creates positive environmental, social, and ethical impacts in the regions where our residents live.
- We are creative, committed, and ambitious! Our flat organizational structure facilitates frequent, meaningful interactions with company executives, and our commitment to teamwork and entrepreneurial spirit enables employees at every level to conceptualize ideas and make them happen.
- We provide outstanding compensation and benefits! You will be paid well for your work, with a competitive wage and will be eligible for incentive compensation based on your efforts and company performance. Our flex vacation policy gives you the flexibility to take the time off when you need it and our hybrid work schedule respects your work/life balance.
- We are an equal opportunity employer and are committed to diversity, equity, inclusion, and belonging! We
believe diversity drives innovation. Companies that are diverse are
proven to be better companies. We are building a culture where
differences are valued and creating an environment for people to do what
they do best while learning, growing, and affecting company change
through meaningful contributions.
COVID-19 COMPLIANCE
As a condition of
employment, all new hires must be fully vaccinated by their start date,
and have obtained a booster shot no later than their eligibility or
thirty days from hire (if eligible).
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
