LivCor, a Blackstone Portfolio Company · 5 hours ago
Asset Management (Associate–Senior Associate)
Dallas, TX
Full-time
Hybrid
Mid, Senior Level
3+ years expLivCor, a Blackstone portfolio company, is a real estate asset management firm specializing in multi-family housing. The Associate–Senior Associate will be responsible for maximizing the value of a portfolio of assets in Texas by developing and executing asset management strategies and collaborating with various teams to enhance financial performance.
Real Estate
Responsibilities
Be responsible for the performance of a portfolio of assets
Collaborate with marketing, revenue management, accounting, financial planning & analysis, capex, research, and portfolio strategy teams to develop & execute value maximizing strategies
Develop asset management operational experience and market expertise
Leverage monthly and quarterly financial statements, business intelligence software, and several analytical tools to identify underperformance and opportunities relative to benchmarks
Develop strong relationships with operating partners to align leasing and strategic goals
Conduct frequent physical inspections / site visits to develop a thorough understanding of each property and market conditions, assess operational and management performance, oversee value-add initiatives, and align all relevant teams
Assess capital needs and work with capital investment team to develop a long-term plan that aligns with broader strategy
Identify and oversee repositioning/unit upgrade opportunities. Monitor market trends for opportunities to add value through renovation or repositioning. Oversee ROI implementation to ensure return objectives are met
Develop annual operating and capital budgets to align investment strategies and objectives
Support Blackstone on acquisition underwriting, providing market and leasing assumptions and participating in other due diligence activities, as necessary
Help evaluate potential new products and services to increase ancillary income, reduce operating expenses, or create operational efficiencies
Active participation in local industry organizations is encouraged
Maintain an extensive network of industry relationships to say current on regional and local market trends
20-25% travel required
Qualification
Required
Bachelor's degree, preferably in Business, Finance, Real Estate, or other relevant area
3 - 5 years of acquisition or asset management experience for a regional portfolio of 750 – 1,500+ units
Familiarity with the general principles of real estate finance, including operations and analysis, budgeting, financial reporting, cash management, general accounting, and NPV/IRR analysis
Effective communication skills, both verbally and in writing
Strong interpersonal, communication, and listening skills to build strong working relationships with all levels of management and across functional teams
Ability to understand and interpret quantitative data, trends, and market reports
Understanding of multifamily operations, value-add opportunities, market knowledge, and competitor positioning
Experience with transactional (acquisitions / dispositions) due diligence process
Solutions-oriented, motivated, team-player that thrives in a fast paced, dynamic environment with multiple and evolving priorities and deadlines
Strong real estate intellectual curiosity – the position offers tremendous opportunity for growth!
Company
LivCor, a Blackstone Portfolio Company
LivCor, a Blackstone portfolio company, is a real estate company specializing in multi-family housing.
201-500 employees
H1B Sponsorship
LivCor, a Blackstone Portfolio Company has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (5)
Funding
Current Stage
Growth StageLeadership Team
Sarah Naqvi
Chief Technology Officer
Kristen Ross
People Business Partner
Company data provided by crunchbase