Director - Asset Management, Texas

Join to apply for the Director - Asset Management, Texas role at LivCor, a Blackstone Portfolio Company

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 150,000 units in markets across the United States.

Our business is focused on making real estate more valuable. But for us, it’s more than that. It’s people first, community always. It’s a life-filled career, not just a career-filled life. It’s doing good work, with good humans, and making a difference. It’s 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.

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 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 work through challenges, communicating concerns up internal and external chains of command when expectations are not being met.
• Conduct frequent physical inspections of each property in the 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 the capital investment team to develop a long-term capital plan for the portfolio that corresponds to the 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 an active role in the 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; 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 stay current on regional and local market trends.
• Travel required: 20-25%.

What You Should Have

• Bachelor’s degree, preferably in Business, Finance, Real Estate, or other relevant area.
• 7+ years of acquisition or asset management experience for a regional portfolio of 5,000 – 7,000+ units, 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 cross-functional teams.
• Strong understanding of 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 aren’t 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. We’re not serious but we take this stuff seriously. We want a place that is an ego-free zone, where good people do good things together. We offer competitive pay commensurate with market and experience, and a full slate of benefits.

The LivCorian Values

• Be you. Be Real. Be Open. You do you. Together, we will do something amazing.
• Care, Always. We don’t 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 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, national origin or ancestry, citizenship, sex, gender, age, disability, or other protected characteristics. We provide reasonable accommodations for applicants with disabilities. For accommodations, please email

Seniority level

• Director

Employment type

• Full-time

Job function

• Finance and Sales

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