LivCor, a Blackstone Portfolio Company
Director, Asset Management (Los Angeles)
LivCor, a Blackstone Portfolio Company, Los Angeles, California, United States, 90079
Overview
Director, Asset Management (Los Angeles) role at LivCor, a Blackstone Portfolio Company. LivCor is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago, LivCor manages a portfolio of over 400 Class A and B properties comprising more than 150,000 units across markets in the United States. Our focus is on making real estate more valuable, with a people-first, community-centered approach. We strive for excellence in all forms and aim to create great places to work, live, and grow—leaving people and places better than we found them. What You Will Do
Develop strategic recommendations by understanding real estate operations, property nuances and data-driven trends, and local market dynamics. Collaborate with internal teams (marketing, revenue management, accounting, financial planning & analysis, capital investment, renovation, and portfolio strategy) to formulate and execute strategies to maximize portfolio value and report performance to leadership. Leverage monthly and quarterly financial statements, business intelligence software, and analytical tools to identify property and portfolio performance relative to budget and market benchmarks. Apply 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, address challenges, and escalate concerns to senior management as needed. Conduct frequent property inspections to understand positioning, assess implementation of strategic initiatives, evaluate operational performance, and identify opportunities for improvement. Assess capital needs/expenditures by property and work with the capital investment team to develop a long-term capital plan aligned with asset strategy. Oversee repositioning opportunities, monitor market trends for value-add through renovation, expansion or repositioning, supervise scope development, financial impact, and ensure targeted returns are achieved. Develop comprehensive annual operating and capital budgets supporting investment strategies and objectives, collaborating with internal teams. Become an expert on assigned local markets through on-site visits and engagement with industry networks. Support Blackstone on acquisition underwriting, providing market and leasing assumptions and participating in due diligence activities as necessary. Evaluate potential new products to increase ancillary income, reduce operating expenses, or create operational efficiencies. Identify opportunities, initiatives, and projects to drive performance across asset management. Mentor and develop junior team members across internal teams. Participate in local industry organizations. Travel approximately 20-25% of the time. What You Should Have
Bachelor’s degree, preferably in Business, Finance, Real Estate, or related 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 West Coast experience. Familiarity with general real estate principles, including operations and analysis, budgeting, financial reporting, cash management, and general accounting. Ability to communicate complex issues effectively, both verbally and in writing. Strong interpersonal, communication and listening skills to build relationships across management levels and cross-functional teams. Solid understanding of construction and redevelopment terminology and knowledge of multifamily capital enhancement projects. Ability to interpret market trends, third-party market reports, and operator market surveys. Ability to define, develop, and execute asset management strategy by leveraging 3rd party property management teams. Familiarity with investment due diligence processes and the ability to provide local market leasing assumptions and competitive intelligence. Self-starter who thrives in a fast-paced, dynamic environment with multiple priorities and deadlines. What We Offer
We believe that when we take care of our people, everything else follows. We’re committed to clear expectations, honest feedback, and helping you grow. That’s why we foster a culture that’s collaborative, inclusive, and ego-free. We value diversity in all its forms and seek individuals who sound, think, love, and live differently from one another. We offer a hybrid work model with offices in Chicago, NYC, and Atlanta, along with benefits and a supportive environment focused on growth and development. Benefits : Generous 401(k) match; fertility, adoption, and surrogacy support; comprehensive health benefits (medical, dental, vision); and paid holidays and PTO. The LivCorian Values emphasize Be you. Be Real. Be Open; Courageously Curious; Help Others Win; Relentless Hustle, Heart & Humility. LivCor is proud to be a US EPA ENERGY STAR Partner. Compensation : Base compensation range of $180,000.00 to $205,000.00 annually, with discretionary bonus and incentive compensation eligibility. Total direct compensation and benefits are subject to plan terms and conditions. This role requires the candidate to possess a high level of integrity and discretion due to access to sensitive information. Estimated travel 20-25%. EEO Notice : LivCor is an equal opportunity employer. We prohibit discrimination based on veteran status, race, color, religion, sex, gender identity, age, national origin, disability, genetic information, and other protected categories. Reasonable accommodations are available upon request at talent@revantage.com.
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Director, Asset Management (Los Angeles) role at LivCor, a Blackstone Portfolio Company. LivCor is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago, LivCor manages a portfolio of over 400 Class A and B properties comprising more than 150,000 units across markets in the United States. Our focus is on making real estate more valuable, with a people-first, community-centered approach. We strive for excellence in all forms and aim to create great places to work, live, and grow—leaving people and places better than we found them. What You Will Do
Develop strategic recommendations by understanding real estate operations, property nuances and data-driven trends, and local market dynamics. Collaborate with internal teams (marketing, revenue management, accounting, financial planning & analysis, capital investment, renovation, and portfolio strategy) to formulate and execute strategies to maximize portfolio value and report performance to leadership. Leverage monthly and quarterly financial statements, business intelligence software, and analytical tools to identify property and portfolio performance relative to budget and market benchmarks. Apply 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, address challenges, and escalate concerns to senior management as needed. Conduct frequent property inspections to understand positioning, assess implementation of strategic initiatives, evaluate operational performance, and identify opportunities for improvement. Assess capital needs/expenditures by property and work with the capital investment team to develop a long-term capital plan aligned with asset strategy. Oversee repositioning opportunities, monitor market trends for value-add through renovation, expansion or repositioning, supervise scope development, financial impact, and ensure targeted returns are achieved. Develop comprehensive annual operating and capital budgets supporting investment strategies and objectives, collaborating with internal teams. Become an expert on assigned local markets through on-site visits and engagement with industry networks. Support Blackstone on acquisition underwriting, providing market and leasing assumptions and participating in due diligence activities as necessary. Evaluate potential new products to increase ancillary income, reduce operating expenses, or create operational efficiencies. Identify opportunities, initiatives, and projects to drive performance across asset management. Mentor and develop junior team members across internal teams. Participate in local industry organizations. Travel approximately 20-25% of the time. What You Should Have
Bachelor’s degree, preferably in Business, Finance, Real Estate, or related 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 West Coast experience. Familiarity with general real estate principles, including operations and analysis, budgeting, financial reporting, cash management, and general accounting. Ability to communicate complex issues effectively, both verbally and in writing. Strong interpersonal, communication and listening skills to build relationships across management levels and cross-functional teams. Solid understanding of construction and redevelopment terminology and knowledge of multifamily capital enhancement projects. Ability to interpret market trends, third-party market reports, and operator market surveys. Ability to define, develop, and execute asset management strategy by leveraging 3rd party property management teams. Familiarity with investment due diligence processes and the ability to provide local market leasing assumptions and competitive intelligence. Self-starter who thrives in a fast-paced, dynamic environment with multiple priorities and deadlines. What We Offer
We believe that when we take care of our people, everything else follows. We’re committed to clear expectations, honest feedback, and helping you grow. That’s why we foster a culture that’s collaborative, inclusive, and ego-free. We value diversity in all its forms and seek individuals who sound, think, love, and live differently from one another. We offer a hybrid work model with offices in Chicago, NYC, and Atlanta, along with benefits and a supportive environment focused on growth and development. Benefits : Generous 401(k) match; fertility, adoption, and surrogacy support; comprehensive health benefits (medical, dental, vision); and paid holidays and PTO. The LivCorian Values emphasize Be you. Be Real. Be Open; Courageously Curious; Help Others Win; Relentless Hustle, Heart & Humility. LivCor is proud to be a US EPA ENERGY STAR Partner. Compensation : Base compensation range of $180,000.00 to $205,000.00 annually, with discretionary bonus and incentive compensation eligibility. Total direct compensation and benefits are subject to plan terms and conditions. This role requires the candidate to possess a high level of integrity and discretion due to access to sensitive information. Estimated travel 20-25%. EEO Notice : LivCor is an equal opportunity employer. We prohibit discrimination based on veteran status, race, color, religion, sex, gender identity, age, national origin, disability, genetic information, and other protected categories. Reasonable accommodations are available upon request at talent@revantage.com.
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