Log In
Sign Up
The primary role of the Associate is to support Invesco Real Estate’s Credit Investments team by underwriting and analyzing new and existing real estate credit investments, including first mortgage, mezzanine loans, preferred equity, construction loans, and acquisition of legacy loans, while also preparing investment committee memorandums, conducting property and borrower due diligence, and assisting with the closing process.
Key Responsibilities / Duties:
- Underwrite new real estate credit investment opportunities. Generate model assumptions, evaluate historical data, and conduct market research. Perform all aspects of financing modeling, including proforma cash flows, valuations, credit metrics, and returns.
- Generate concise investment overviews for the Credit Investments team explaining the opportunity. Identify and communicate the strengths, considerations (risks), and mitigants of a real estate credit investment opportunity verbally and in written form.
- Collaborate within the broader Invesco Real Estate platform. Work with the equity teams (Acquisitions, Investment Management, Dispositions, Capital Markets) and credit teams (Portfolio Management, Capital Markets, Asset Management, Closing, Fund Operations) to formulate applicable assumptions, identify asset and market trends and potential risks for potential real estate credit investments.
- Produce comprehensive investment committee memorandums that are presented to Invesco Real Estate’s investment committees. Articulate noteworthy investment highlights, assumptions applied, and due diligence items. Clearly and concisely answer underwriting questions from investment committee.
- Provide transactional support to the Closing Services team on closing new real estate credit investments. Spearhead property and borrower due diligence and review 3rd party reports.
- Track and re-underwrite existing debt investments as needed. Work with Asset Management on high-profile borrower requests and potential modifications.
- Travel to various domestic markets/locations <10% of time.
Work Experience / Knowledge:
- Minimum of 2 years of real estate debt and/or equity investment underwriting experience
- Proficiency with CBRE-EA, CoStar, Axiometrics, Green Street, and Real Capital Analytics preferred
- Strong Excel, PowerPoint, and Argus skills
- Must be willing to work in the office full-time
- Skills / Other Personal Attributes Required:
- Demonstrated interest in commercial real estate and real estate credit
- Strong analytical/quantitative and technical abilities
- Attention to detail, solid organizational skills and ability to manage multiple projects concurrently
- Ability to work well independently and in a team environment while in a fast-paced environment
- Excellent verbal, written, and interpersonal communication skills
- Positive attitude with the ability to handle change effectively
Formal Education:
- Bachelor’s degree in finance, economics, or real estate preferred
- The salary range for this position in New York is $100,000 – $112,500 annually. The total compensation offered for this position includes salary and incentive pay and will vary based on skills, experience, and location.
Source: Invesco’s Career Page
