Job Description

GENERAL PURPOSE OF POSITION

The Associate Director position is based in Dallas, TX and will be responsible for direct oversight of all aspects of investment management for a portfolio of high-quality multifamily assets within the Texas and Central regions. As a member of the residential investment management team, the Associate Director is tasked with driving outperformance for their assets under management by identifying and capitalizing on opportunities to create value. The role is intended to allow for talented and motivated individuals to further develop their experience and judgment to advance to a more senior-level investment manager competency. The Associate Director will leverage existing industry relationships and represent INVESCO Real Estate in the market through interaction with both partners and peers.

PRIMARY DUTIES AND 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 expert.
Serve as an active contributing member of the residential team and the broader investment management team, sharing best practices and shaping platform initiatives.

POSITION QUALIFICATIONS

Undergraduate degree is required; advanced degree a plus.
Minimum of 5 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 and Excel modeling skills.
High proficiency with Excel, Power BI, Word & PowerPoint.
Working knowledge of Argus Enterprise

OTHER ATTRIBUTES SOUGHT

Solutions and results oriented
Creative and innovative
Intellectually curious

Workplace Model

At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.

What’s in it for you?

Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:

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

Investment Management

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