Director, Investment Management Group
Job Description
Who We Are
Invitation Homes is a fast-paced evolving publicly traded REIT that is pioneering a new industry with over 80,000 single family rental homes and a market capitalization of over $25 billion. We are a team of more than 1,400 associates who come from all walks of life. We call different communities "home," but our shared values bind us together. Invitation Homes is a place where possibility lives.
The Director of the Investment Management Group is responsible for all aspects of single-family residential property acquisitions and dispositions from an analytical and qualitative perspective. Responsibility includes working in conjunction with Regional Operations teams on new asset acquisitions and dispositions. Demonstrate expertise in performing residential buy and hold analysis contributing to portfolio optimization.
What You’ll Do
Provide portfolio, submarket, and asset-level support and direction to Regional Operations teams for asset acquisitions and dispositions to facilitate the company’s annual Capital Allocation Plan
Interact with brokers or potential buyers with respect to any sale or disposition of assets, including analyzing all available due diligence materials, financial materials, or other information with respect to the properties
Lead the acquisition and disposition process through all aspects, including sourcing, market research, due diligence, negotiations, and closings
Develop relationships with current owners, brokers and other industry professionals in the regions
Oversee collaboration with Rehab, Turns and Maintenance (RTM) to ensure the timely completion of post-acquisition rehabs and disposition turns ensuring that assets are delivered within budget and scope and conform to Cost-to-Maintain (CTM) targets
Collaborate with Asset Management in identifying and reviewing candidates for VE, Revenue Enhancing Capital Expenditures (RevEx) and single asset dispositions
Review and understand all offering materials related to potential acquisitions and be able to provide insightful analysis
Ability to create and prepare valuation and cash flow models to resolve the viability of potential investments and develop recommendations and reports based upon findings
Assemble underwriting in a concise manner, providing a recommendation for potential investment
Prepare weekly reporting on updated opportunities and status
Potentially oversee and manage teams that may include Analysts or Associates
Oversee and manage individual and, in some cases, multiple Metropolitan Statistical Areas (MSA’s)
Lead Regional Investment Committee’s for MSA’s covered
Prepare materials for internal presentations
Who We’re Looking For
Bachelor’s degree in Finance, Real Estate, or a related field
Four years of experience in residential acquisitions or institutional real estate; Single family preferred
Demonstrated ability in extensive, detailed data analysis and reporting
Current driver’s license and automobile insurance
Comprehension of federal fair housing laws and any applicable local housing provisions preferred
Professional verbal and written communication skills
Proficiency using Outlook particularly Microsoft Word, Excel, and PowerPoint: Salesforce preferred
Ability to facilitate presentations or speak in public to large groups
Excellent customer service and interpersonal skills; ability to relate to and get along with others
Strong organizational and time-management skills
Ability to multi-task and maintain flexibility and creativity in a variety of situations
Ability to analyze and resolve problems
Ability to maintain confidentiality
Why Invitation Homes
We stand for flexibility, opportunity, and a home that people can make their own. It’s as true for our associates as it is for our residents. Just like we help our residents live freer, we liberate our associates’ careers, too. Our associates know that at Invitation Homes goals matter, potential is unlocked, and careers thrive. Invitation Homes isn’t just a work place it is a possibility place. Invitation Homes offers the below to each new associate:
Competitive pay and an annual bonus program for all associates
Generous paid time off plans including vacation accrual, sick time, volunteer time, and standard and floating holidays
401k with matching company contributions
Awesome work environment with casual dress
Team events and gatherings
Employee resource groups: Together with Women, Asian Alliance, Black Collective, Juntos, Gen Next, and Open Invitation.
Invitation Homes truly is where possibility lives, pour a new foundation here!
Salary Range
$116,700.00 - $202,280.00Compensation and Benefits
To attract and retain top talent, we're pleased to offer competitive compensation and benefits, including:
Annual bonus program
Health, dental, vision, and life insurance
Long-term and short-term disability insurance
Generous paid time off plans include vacation accrual, sick time, standard holidays and floating holidays
401(k) with company matching contributions
Awesome work environment with casual dress
Team events and gatherings (Pre- and Post-Covid)
Invitation Homes is an equal opportunity employer committed to fostering a diverse, inclusive and innovative environment with the best associates. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, Veteran status or any other factor protected by applicable federal, state or local law. If you have a disability or special need that requires accommodation, please contact us at humanresources@invitationhomes.com.
To all recruitment agencies: Invitation Homes does not accept agency resumes. Please do not forward resumes to Invitation Homes employees. Invitation Homes is not responsible for any fees related to unsolicited resumes.
Application Instructions
Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!
Apply OnlinePay: $116,700 to $202,280/year
pour a new foundation here!</p><p><p><h2><u><b>Salary Range</b></u></h2>$116,700.00 - $202,280.00<h2><u><b>Compensation and Benefits</b></u></h2><p><span>To attract and retain top talent
Posted: 10/15/2024
Job Reference #: R3946