Associate - Asset Management (Los Angeles)

LivCor a Blackstone portfolio company is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago LivCor is currently responsible for a portfolio of over 400 Class A and B properties comprising more than 150000 units in markets across the United States.

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 Associate will be based in Los Angeles and responsible for maximizing the value of a portfolio of assets in California. This individual will develop and execute an asset management strategy for their Regional portfolio encompassing property operations capital expenditures and renovation/redevelopment programs. The Associate 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:

• 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.

What you should have:

• Bachelors degree preferably in Business Finance Real Estate or other relevant area.

• 3 - 5 years of acquisition or asset management experience for a regional portfolio ofunits.

• 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!

What we offer:

We believe that when we take care of our people everything else follows. Were committed to clear expectations honest feedback and helping you grow. Thats why we foster a culture thats collaborative inclusive and refreshingly ego-free. We are good neighbors that lead with empathy embrace curiosity and put trust at the heart of everything we do. Together we strive for excellence.

We deeply value diversity in all its forms. We want people who sound think love and live differently from one another. This isnt a footnoteits foundational.

Now on to the practical stuff:

• Generous 401(k) match to help you plan for the future

• Fertility adoption and surrogacy support to grow your family your way

• Comprehensive health benefits including medical dental and vision

• Hybrid work model with offices in Chicago NYC and Atlanta

A few of the people you will work with:

• Michael Henry (Senior Director Asset Management)

• Katie Ullman (VP Asset Management)

• Kinsey Sale (SVP Asset Management)

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.

LivCor is proud to be a US EPA ENERGY STAR Partner

Base Compensation Range:

Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.

Please review the job applicant privacy notice here.

EEO Statement

LivCor is an equal opportunity 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