Reports ToSVP, Chief Credit Officer
CREA, LLC is a full service LIHTC Syndicator with tax credit equity financing in excess of $5.5 billion since inception in 2001. CREA was founded on the “Real Estate First” philosophy that behind every exceptional real estate investment is fundamentally sound real estate; our team pledges to provide innovative real estate investment solutions. While CREA has continued to grow to well over 100 employees we continue to look for talented and passionate individuals who are excited about opportunities to grow with into the future. With offices headquartered in Indianapolis, IN, we are currently looking to add talent for the newly created position of Vice President, Market Research in our Credit & Underwriting department in our Indianapolis, IN office.
Primary duties will include evaluating market and economic data for Low Income Housing Tax Credit properties on a national basis. The results of these studies will be an integral part of our investment evaluation.
Economic and demographic data will be collected through online sources, interviews with property managers and local stakeholders. Comparable property data will be collected in order to evaluate the competitive advantages and disadvantages within the primary market area. Site visits will be a key tool in evaluating each investment.
The results of your evaluation and analysis will be included in market study reports presented to Underwriting and Management Committees. Successful candidates will effectively communicate the strengths and weaknesses of each investment and the primary market area.
Additional duties may include evaluating underperforming properties, the current market conditions for properties undergoing exit strategy reviews, developing market study analysts and general market analysis within the industry.
The Vice President-Market Research will report to the Senior Vice President-Chief Credit Officer and enjoy the opportunity to develop this newly created position for a leading LIHTC Syndicator.
Minimum academic requirement includes bachelor’s degree in real estate finance, urban planning, economics or other related fields. Minimum of four to six years’ experience in LIHTC research or market analysis is required as well as a NCHMA Professional Member Designation. Candidate should possess an expertise in real estate principles and investment analysis. Successful candidate will be motivated, a self-starter, possess efficient time management skills and willing to accept new responsibilities as our business grows. Position requires proficiency in Excel, Word and PowerPoint. Approximately 50% travel will be required, with overnight trips as necessary.
- Market research skills; including web-based research, telephone communications and direct interviews
- Utilize historical data and market conditions to project future rental market trends
- Communicate findings and conclusions to management and committees
- Effectively manage multiple assignments and ability to meet a variety of deadlines
- Possesses confidence and initiative to succeed with minimum supervision
- Professionalism/Ethics (Trust, Attitude, Commitment, Honesty, Collaboration & Approachability)