Residential Investment Management at Invesco

This job posting mentions that you will perform acquisition due diligence in collaboration with acquisitions, underwriting and engineering. 
 

https://www.linkedin.com/jobs/view/3956425282

What exactly is this role? I thought this was an acquisitions gig but then the job description notes you will working on collaboration with acquisitions, is this an asset management gig then? Appreciate any insights from anyone familiar with this role and how teams are set up at Invesco, thank you so much! 

8 Comments
 

Based on the most helpful WSO content, here's what you need to know about roles within Real Estate Private Equity (REPE) and how they might relate to the job posting you mentioned:

Roles within REPE:

  1. Acquisitions:

    • Responsibilities: Pursuing marketed and off-market deals that fit the fund's investment criteria, return thresholds, and equity limitations.
    • Tasks: Underwriting deals, composing investment memos, sourcing deals, presenting valuations to senior leadership, sifting through financials, and positioning properties for sale.
  2. Asset Management:

    • Responsibilities: Strategic execution of the business plan put in place by the acquisitions team.
    • Tasks: Executing capital projects, refinancing projects, disposition analysis, and keeping buildings occupied. This role is more operational at a higher level.

Insights on the Role at Invesco:

  • Acquisition Due Diligence: This involves tasks typically associated with acquisitions, such as underwriting and engineering assessments. However, the mention of collaboration with acquisitions suggests a broader scope.
  • Collaboration: Working closely with acquisitions, underwriting, and engineering teams indicates a role that might straddle both acquisitions and asset management functions.

Conclusion:

  • Hybrid Role: The job posting at Invesco likely describes a hybrid role that involves both acquisition due diligence and elements of asset management. This is not uncommon in smaller firms or specific setups where roles can overlap.
  • Team Setup: At Invesco, it seems that teams might be structured to allow for cross-functional collaboration, which can provide a more comprehensive understanding of both acquisitions and asset management processes.

For more detailed insights, you might want to look into specific threads or discussions on WSO related to Invesco or similar roles in REPE.

Sources: Life in Acquisitions (Analyst/Associate), Career advice needed: Acquisitions vs Asset Management, Contrarian Thesis: Acquisitions is the Least Interesting Job In Real Estate, What are the Roles within Real Estate Private Equity?, Transaction Analyst at a REIT

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I believe I already responded to you elsewhere, but that reads to me like an asset management role. 

  • 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.

Driving the investment strategy, monitoring asset performance, and actively overseeing the listed personnel are classic asset management responsibilities.  

Commercial Real Estate Developer
 

Is director the next title after associate or is there an associate director title before that? if you are working at or familiar with Invesco, what’s the progression in comp like? Do directors get paid $175K-200K base and after that what’s the next progression in title and pay? Also how does the role and responsibilities change once you become a director as compared to when you were an associate? Appreciate any insights (both good and bad) on invesco and this job, thank you! 

 

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