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The Associate partners with Investment Managers in the management and oversight of various commercial and residential real estate investments, with the overall goal of optimizing asset performance and valuation. The Associate plays an integral role in developing and executing property specific strategies, analyzing major leasing decisions and how they impact value, performing major feasibility studies and evaluating property level performance against relevant industry benchmarks. In addition, the role is responsible for providing support and analysis for the preparation of the quarterly and annual property reports and budgets for a portfolio of assets.
Responsibilities of the Role:
- Work with Investment Manager to create property level operational strategies and analyze major leases, capital projects or other investment factors impacting asset value.
- Assist in the review of valuation models (Argus and Excel) and take part in the acquisition and disposition process, overseeing the flow of due diligence information for select investments as needed.
- Prepare financial analysis to track historic portfolio and property level results in comparison to industry benchmarks.
- Coordinate the development of Annual Business Plans and Quarterly reports by assisting in the preparation of property operating and capital budgets and reviewing and approving on-going financial variance reporting.
- Communicate with third party property management and leasing personnel as well as insurance and real estate tax consultants and other third-party providers as needed.
- Review lease submittal packages, evaluate prospective tenant businesses and credit worthiness, and perform other lease related financial analysis as needed.
- Collect, analyze and synthesize relevant market reports and other lease or transaction related data.
- Help facilitate lender compliance with asset specific requirements such as obtaining approvals for lease agreements or significant capital expenditure projects and coordinating the release of escrow accounts.
- Support enforcement of internal audit requirements with third party providers and further ensure that such firms are conducting business in accordance with property management agreements.
- Some travel will be required for periodic asset management-related property visits and select acquisition due diligence.
Requirements for the Role:
- Four year or equivalent undergraduate degree in Business or related field. Post graduate education a plus. A commitment to continued education in real estate will be encouraged.
- 2-4 years of experience in the commercial and/or multi-family real estate industry (or business related activity) is required.
- Property level experience is a plus.
- Effective interpersonal, communication (verbal and written) and listening skills.
- Strong computer literacy including fluency with Argus, VTS, RealPage, Microsoft Excel and Word, and PowerPoint. Embraces the usage of Ai tools to enhance productivity and create efficiencies.
- Ability to understand and interpret commercial lease agreements and language as well as present value concepts and financial terminology.
- Analytical problem-solving skills capable of undertaking detailed analyses and make well-reasoned, decisive recommendations.
- Demonstrated prioritization, organization and time management skills necessary to balance competing deadlines.
- Desire to multi-task in a complex, high-volume environment and competency to work with all levels of management and personnel on critical projects.
Source: Invesco’s Career Page
