Director, Investment Management, Residential

Invesco • New York City, NY

13d • Hybrid

About The Position

As a Director on the residential asset management team, you will have significant ownership over the entire investment lifecycle – from working with transactions on underwriting and diligence new acquisitions, to working with third party management companies on business plan execution, to evaluating hold sell analyses with Portfolio management and communicating market intel to senior leaders. You will also contribute to improving investment processes, developing junior team members, being the respective market expert, and representing the firm. Ideal candidate will have superior EQ and IQ skills, demonstrate strong work ethic, and be creative and proactive in problem solving.

Requirements

• Undergraduate degree is required; advanced degree a plus.
• Minimum of 7 years of hands-on institutional real estate experience preferred in one or more of the following disciplines: Asset Management, Acquisitions, Underwriting, or Property Management.
• Extensive experience and strong passion for working with institutional quality multifamily investments.
• Broad understanding of the operational and investment fundamentals of institutional real estate.
• Excellent verbal, written and interpersonal communication skills.
• Effective organizational and time management skills.
• Strong quantitative analysis skills.
• High proficiency with Excel & Power BI, Word & PowerPoint.
• Solutions and results oriented
• Creative and innovative
• Intellectually curious

Responsibilities

• Drive investment strategy, value creation and outperformance through direct oversight of property operations, leasing and capital deployment.
• Measure and monitor asset performance against a variety of benchmarks including client objectives, pro-forma metrics, budget and market comparables.
• Develop and effectuate annual business plans through actively overseeing property management, leasing, accounting, legal, appraisal, tax, research personnel as well as third-party consultants.
• Perform regular market visits and property inspections for assigned assets; travel required.
• Maintain open and effective lines of communication with Portfolio Management regarding management of their investments including the physical, financial, and leasing performance.
• Work collaboratively with JV partners and service providers while best serving Invesco’s interests.
• Actively engage in the appraisal and internal valuation process to ensure accurate results.
• Perform acquisition due diligence in collaboration with acquisitions, underwriting and engineering.
• Review and approve the various documents pertaining to operating and marketing the assets, including management agreements, leasing agreements, service contracts, etc.
• Assess prospective commercial tenants’ businesses and credit worthiness, and execute leases in mixed-use investments.
• Develop and maintain knowledge regarding capital markets activity in assigned region(s).
• Review and approve required client reports in final form.
• Develop and foster productive working relationships with property management companies, brokers and industry peers.
• Establish credibility both internally and externally as Invesco’s regional multifamily investment management expert.
• Serve as an active contributing member of the residential team and the broader investment management team, sharing best practices and shaping platform initiatives.

Benefits

• Flexible paid time off
• Hybrid work schedule
• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
• Health & wellbeing benefits
• Parental Leave benefits
• Employee stock purchase plan

What This Job Offers

• Job Type: Full-time
• Career Level: Director