Invesco's Bassen Heads to Smaller Firm

NEW YORK CITY—Todd Bassen, former senior director of acquisitions at Invesco Real Estate, has joined Metropolitan Realty Associates, where he will serve as managing principal, CIO and partner. The three-decade veteran of the industry—who has completed over $11 billion in completed acquisitions and brings extensive experience in purchasing office, retail and multifamily properties here—will spearhead MRA’s renewed focus on large investment in Manhattan and the outer boroughs, company founder Joseph Farkas tells GlobeSt.com.

“We want to make large deals in Manhattan and the boroughs more of the focus of what we do,” he says. “We previously have done transactions in suburban office too but we’re looking more at retail, multifamily and office properties here, and Todd has a fantastic track record on that.”