Director, Investment Management - Residential, Specialty Sectors (SFR/MFRD/BTR)

Company: NAIOP SoCal
Location: Dallas
Posted on: November 13, 2024

Job Description:

Director, Investment Management - Residential, Specialty Sectors (SFR/MFRD/BTR) InvescoDirector, Investment Management - Residential, Specialty Sectors (SFR/MFRD/BTR)As one of the world's leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!Job Purpose (Job Summary):The Director position can be based in any one of the four INVESCO Real Estate offices (San Francisco, Newport Beach, Dallas or New York) and will be responsible for investment management of a specialty sector portfolio of Single Family Rentals (SFR / BTR / Scattered Site / Aggregated Sites) and Manufactured Housing. Investments are located throughout a broad range of markets around the country, and are owned both directly and through JV partnerships. As a member of the residential investment management team, the Director is tasked with driving outperformance for this portfolio, identifying and capitalizing on opportunities to create value, forging strong relationships with joint venture partners, and developing and sharing best practices.Key Responsibilities / Duties:

• Drive value creation, investment strategy, and outperformance through direct oversight of portfolio operations, leasing and capital deployment.
• Measure and monitor portfolio performance against a variety of benchmarks including client objectives, pro-forma metrics, budget and public/private market comparables.
• Develop and effectuate annual business plans through actively working with property management, accounting, legal, valuation/appraisal, tax, research personnel as well as third-party consultants.
• Build and maintain national market knowledge within target markets (both operational and capital markets), and help define buy-box parameters, sector specific KPIs, and development of sector specific reporting tools.
• 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 internal Acquisitions counterpart, JV partners and service providers to best serve INVESCO's interests.
• Establish credibility both internally and externally as Invesco's Single Family Rental and Manufactured Housing sectors expert.
• Actively engage in the appraisal and internal valuation process to ensure accurate representation of investment values.
• Review and approve required client reports in final form.
• Serve as an active contributing member of the residential team as well as the broader investment management team, sharing best practices and shaping platform initiatives.Work Experience / Knowledge:
  • 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 residential investments, including prior specialty sector focus on Single Family Rentals and/or Manufactured Housing.
  • Broad understanding of the operational and investment fundamentals of institutional real estate.Skills / Other Personal Attributes Required:
    • Excellent verbal, written and interpersonal communication skills.
    • Effective organizational and time management skills.
    • Strong quantitative analysis skills.
    • High proficiency with Excel & Power BI.
    • Solutions and results oriented
    • Creative and innovative
    • Intellectually curiousFormal Education:
      • Undergraduate degree is required; advanced degree a plus.Working Conditions:
        • Normal office environment with little exposure to noise, dust, and temperatures.
        • The ability to lift, carry or otherwise move objects of up to 10 pounds is also necessary.
        • Occasional travel may be required.Worker Type:
          • EmployeeJob Exempt (Yes / No):
            • YesWorkplace 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
              • 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
              • Parental Leave benefits
              • Employee stock purchase planThe above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status.About Us:As one of the world's leading asset managers, we are solely dedicated to delivering an investment experience that helps people get more out of life. If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, explore your potential at Invesco.Additional InfoJob Type : Full-TimeContact : Christopher Presley; Christopher.Presley@invesco.com
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Keywords: NAIOP SoCal, Tyler , Director, Investment Management - Residential, Specialty Sectors (SFR/MFRD/BTR), Executive , Dallas, Texas