Director - Asset Management, Texas
Director - Asset Management, Texas
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Job Description
Our business is focused on making real estate more valuable. But for us its more than that. Its people first community always. Its a life-filled career not just a career-filled life. Its doing good work with good humans and making a difference. Its excellence in all its forms. Ultimately we create great places to work live and grow. We do that by focusing on leaving people and places better than we found them.
Whew! Still with us Cool. Lets talk about where youd fit in:
Only read further if you are:
- Kind
- Humble
- Honest
- Relentless
- Smart with Heart
You should be:
- Authentic. You do you. Together well do something amazing.
- A passionate personwith a love for real estate and investing; and believes that helping others win is a noble cause essential to our success.
- An excellent team playerwho enjoys working with others and has strong interpersonal skills.
- Highlymotivatedenergeticandorganized
The Director - Asset Management will be based in Dallas and will be responsible for maximizing the value of the firms assets. This individual will develop and execute an asset management strategy for their regional portfolio. It should encompass property operations capital expenditures and renovation/redevelopment programs. The role will also collaborate as necessary with Blackstone representatives on regional investment activities including due diligence efforts investment market assessments and property underwriting assumptions. He/she will be a member of the asset management team and will have a significant responsibility for and impact on the portfolios financial performance.
What you will do:
With a thorough knowledge of market performance and real estate operations collaborate with portfolio strategy investments marketing revenue management accounting financial planning & analysis and capital investment departments to formulate and execute strategies intended to maximize portfolio value and report performance results to leadership.
Leverage monthly and quarterly financial statements business intelligence software and a host of analytical tools to identify property and portfolio underperformance to budget and/or market benchmarks and collaborate with the relevant team members to correct issues.
Incorporate a value-oriented approach to each asset by analyzing revenue opportunities and providing direction supported by financial models to justify major capital investments and financial decisions.
Forge strong relationships with operating partners and can work through challenges and communicate concerns up internal and external chains of command when expectations are not being met.
Conduct frequent physical inspections of each property in assigned portfolio to develop a thorough understanding of each property and its challenges assess implementation of strategic initiatives assess operational and management performance and identify opportunities for improvement and communicate those opportunities among relevant internal and external teams.
In collaboration with the CapEx team assess the capital needs/expenditures by property and work with capital investment team to develop a long-term capital plan for the portfolio that corresponds to stated strategy.
Identify and oversee repositioning opportunities. Monitor market trends for opportunities to add value through renovation expansion or repositioning of the assets and make recommendations accordingly. Supervise scope development including opining on rent premiums and ongoing implementation to ensure ROI expectations are consistently met.
Take active role in creation of annual operating and capital budgets. Collaborate with teams and impart property and market knowledge to create comprehensive budgets that meet targeted investment strategies and objectives.
Become an expert on assigned markets through on-site visits in-depth analysis of industry trends and economic drivers and maintenance of industry network then collaborate with executives to implement adjustments to property strategy to account for market shifts.
Support Blackstone on acquisition underwriting providing market and leasing assumptions and participating in other due diligence activities as necessary.
Lead the Capital Investment and the Renovation Investment Strategy of each community.
Participate in evaluating and make recommendations for the implementation of various new products and services intended to grow ancillary income reduce operating expenses or create operational efficiencies.
Identify opportunities initiatives and projects to continue to drive performance of the larger asset management department.
Mentor and develop analysts leads and managers in the department and across supporting teams.
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.
What you should have:
Bachelors degree preferably in Business Finance Real Estate or other relevant area.
7 years of acquisition or asset management experience for a regional portfolio ofunits with mixed-use retail and in multiple MSAs preferably with experience in Texas.
Familiarity with the general principles of real estate including operations and analysis budgeting financial reporting cash management and general accounting.
Ability to communicate complex issues effectively and professionally both verbally and in writing.
Effective interpersonal communication and listening skills necessary to form strong working relationships with all levels of management and throughout the various cross functional teams.
Strong understanding of general construction and redevelopment terminology and understanding of standard multifamily capital enhancement/improvement projects.
Ability to understand and interpret market trends third party market reports and operator market competitor surveys.
Ability to define develop and execute asset management strategy by leveraging and managing 3rd party property management teams.
Familiarity with investment due diligence process along with the ability to provide local market leasing assumptions and competitive intelligence.
Strong self-starter that thrives in a fast paced dynamic environment with multiple and evolving priorities and deadlines.
What we offer:
We know that if we take care of our team everything else will fall into place. We arent perfect but we will try to set very clear expectations always let you know where you stand and do everything in our power to help you get where you want to go.
Our culture and values matter to us. A lot. Were definitely not serious but we take this stuff seriously if you get what we mean. We want a place that is an ego-free zone. A place where good people do good things together. It shouldnt be rocket science in workplaces but for some reason it still is Were absolutely determined to be different and we think were doing a pretty good job at it. We have a CEO who will encourage you to tell him when he is wrong. In fact he needs people to we all do. Supportive challenge is good its how we get better. We like getting better. We also love diversity of all kinds. We need people who look sound speak love and exist differently from one another. This isnt at the end of this paragraph because its an afterthought. Its SO important to us we want it to stand out.
Right. On to the technical stuff that we know matters to you. We offer competitive pay that is commensurate with the market and relevant experience as well as a full slate of benefits.
If any of this sounds interesting then maybe we are a fit. Life is too short to work with people you dont like. So whatever you do dont make that mistake.
The LivCorian Values
Be you. Be Real. Be Open. You do you. Together we will do something amazing.
Care Always. We dont want to let anyone down.
Courageously Curious. We love to learn even when it hurts.
Help Others Win Be A Good Neighbor. This is about We not Me.
Relentless Hustle Heart & Humility. Work hard. Be Kind. Make Better.
Please review the job applicant privacy notice here.
EEO Statement
LivCor is an equal opportunity employer. In accordance with applicable law we prohibit discrimination against any applicant employee or other covered person based on any legally recognized basis including but not limited to: veteran status uniformed servicemember status race color caste immigration status religion religious creed (including religious dress and grooming practices) sex gender gender expression gender identity marital status sexual orientation pregnancy (including childbirth lactation or related medical conditions) age national origin or ancestry citizenship physical or mental disability genetic information (including testing and characteristics) protected leave status domestic violence victim status or any other consideration protected by federal state or local law. We are committed to providing reasonable accommodations if you need an accommodation to complete the application process please email
Required Experience:
Director
Employment Type
Full-Time
