Valuation Analyst II

CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces.  Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives. 

We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers.  We’ve continually refined, transformed, and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors.  We continue that effort today and are always working to improve and drive innovation.  This is how we deliver for our customers, our employees, and investors.  By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate. 

Ten-X Commercial, a CoStar Group Company, is the world’s largest online commercial real estate marketplace, conducting more transactions via an online auction format than any other platform in the world.  Ten-X recently surpassed $24 Billion in closed transactions, averaging between $2-3 Billion in closings each year since inception in 2009.  Ten-X assists commercial owners and brokers in selling and closing transactions through worldwide marketing campaigns and a best in class process which provides transparency, efficiency and expedited selling and closing time frames.  Learn more about Ten-X. 

As a Valuations Analyst II you will be responsible for reviewing commercial real estate leads from our internal Business Development team as an aid in the decision-making process with respect to the onboarding and sale of commercial real estate assets on the Ten-X auction sales platform.  The role includes managing our real estate underwriting pipeline, including data mapping of due diligence fields and comparable information, developing and communicating the results of your underwriting and pricing opinion conclusions to our internal Business Development and management team.

RESPONSIBILITIES:

• Quickly analyze and develop a credible pricing opinion for commercial real estate assets through a review of the supporting due diligence and market data.

• Identify and communicate to the Business Development team what due diligence may still be necessary.

• Present and support your pricing opinion.

• Review and analyze previous auction data to understand sale trends.

• Present counter arguments of why pricing expectations may be too aggressive and present support and reasoning for a discounted sales price.

BASIC QUALIFICATIONS:

• An active Certified General Appraiser License is required.

• A completed bachelor’s degree from an accredited, not for profit university is essential.   

• 5-7 years of experience in commercial real estate valuation and underwriting.

• Demonstration of commitment to prior employers. 

• Experience with financial modeling across all types of commercial real estate classes, including cash flow models and other financial analyses required to evaluate commercial real estate opportunities presented for sale to Ten-X.

• In-depth understanding of real estate investment factors and valuation, coupled with a general understanding of finance, accounting, leasing and capital markets, terms, and concepts.

• Extremely strong quantitative and analytical skills with an attention-to-detail.

EXPECTATIONS:

• Maintain minimum average of 4 reviews per day.

• Ability to independently value the core property types (retail, office, multi-family, industrial, land, and hotel) as well as other sub-property types – STNLs, development/re-developments, student housing, assisted living facilities, car washes, gas stations, etc.

• Strong working knowledge of required due diligence and effectively communicate asset review results to the Account Executive team.

• Strong understanding of and adherence to the operational policies as outlined in the Operational Policy and Procedure Manual (PPM).

• Assists with training junior members of the team on needed basis.

• Proactively stays current on key value drivers and market trends.

• Participates in extracurricular Asset Strategy Team projects .

• Target accuracy should be within average distance of 20% of Winning Bid Net Sold.

PREFERRED QUALIFICATIONS:

• High level of proficiency in Excel and PowerPoint.

• Strong written and verbal skills, with fluency in commercial real estate valuation terms and concepts.

• Excellent organizational skills with the ability to work independently, prioritize, and multi-task.

• Ability to work in a high-volume, fast-paced, environment within which the typical daily deal volume to review is 4-6 new opportunities.

• Comfortable working across all major commercial property types (office, retail, industrial, multi-family, & hotel).

WHATS IN IT FOR YOU:

Working at CoStar Group means you’ll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you’ll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.

Our benefits package includes (but is not limited to):

• Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug

• Life, legal, and supplementary insurance

• Commuter and parking benefits

• 401(K) retirement plan with matching contributions

• Employee stock purchase plan

• Paid time off

• Tuition reimbursement

• On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes, as well as Segway’s and bikes available for use during the day

• Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks

Be part of a team of professionals enjoying the opportunity to learn, do, and grow in a rewarding atmosphere. But don’t just take our word for it -- see why our team chose to work at and stay at CoStar Group: https://www.youtube.com/watch?v=CVbJRnJ2sX0

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply.  However, please note that CoStar is not able to provide visa sponsorship for this position.