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ugust is shaping up to be a month of significant activity in the real estate market, with Invesco Real Estate making a major hire. Kim Hourihan has joined the company as head of global strategy, a newly created role that will see her co-chair Invesco's chief investment officer council and lead its strategy and analytics group.
Hourihan will be based in New York and report to Bert Crouch, head of North America for Invesco Real Estate. Her start date is August 1. "Kim's expertise and leadership style make her a valuable addition to our team," said Crouch. Hourihan brings 25 years of experience in commercial real estate, including 17 years at CBRE Investment Management.
At CBRE, Hourihan launched one of the company's flagship funds shortly after joining in 2007 and later became chief investment officer for the Americas in 2020. She then took on a global role leading the firm's investment activities in 2022. Today, CBRE Investment Management has $155 billion in assets under management.
Hourihan is looking forward to her new role at Invesco Real Estate, where she will help drive investment strategy and deliver value to clients. "Invesco Real Estate is uniquely positioned to navigate today's dynamic environment," she said. Hourihan has also held roles at Starwood Capital Group and TA Realty, and previously worked for Malaysia-based George Town Holdings.
Before entering the real estate industry, Hourihan was a Harvard Business School student who had a near-miss with becoming a tech millionaire in her youth. She teamed up with friends to develop an early internet connection device, but the timing wasn't right. Microsoft's Paul Allen later founded WebTV and sold it for $425 million.
Hourihan has been praised for her leadership during the pandemic, overseeing CBRE's investment platform through acquisitions, dispositions, asset management, investor relations, and capital raising. She is now joining Invesco Real Estate, which has $90 billion in assets under management and 605 employees across 21 offices globally.
