• Project Manager ROI - South

    Job Locations US-IL-Chicago | US-TX
  • The Project Manager ROI- Southern Division will be primarily responsible for planning and executing apartment renovations in the Southern United States. Duties will include but not be limited to: assessing physical asset conditions, evaluating sub-market rent repositioning opportunities, developing and overseeing execution of renovation plans, providing direction to 3rd party operators and general contractors/vendors ensuring the success of the ROI projects, assisting with the review of annual budgets and quarterly reforecasts (related to expense and ROI initiatives), and additional ad-hoc investment analysis and project management as needed.

     

    LivCor is a real estate asset management firm headquartered in Chicago, Illinois.  Formed in 2013 as a portfolio company of The Blackstone Group (NYSE: BX), LivCor specializes in hands-on asset management of multi-family properties throughout the U.S.  In collaboration with its operating partners, LivCor oversees the management of its properties furthering a mission of maximizing return for investors while offering best in class service to residents.

    As the  Project Manager ROI- Southern Division, one is held accountable to, but not limited to, the following job functions: 

    • Evaluate physical condition of assets and recommend customer driven value-add renovation scope(s) to enhance form and function of physical space
    • Evaluate trended submarket conditions and recommend incremental revenue opportunities
    • Develop written value-add investment plans for inter-company coordination as well as operator execution
    • Working in tandem with asset management, construction services, fp&a, marketing, and pricing continually assess and refine performance of renovation execution
    • Work with analysts on managing reporting and participate in review of ROI and expense budgeting, quarterly reforecasting; contributing to the monthly/quarterly financial review processes as it relates to renovations activity
    • Drive process improvement initiatives using analytics (trend analysis, variance analysis, etc.) as it relates to managed initiatives
    • Work closely with the asset management team to understand asset strategy set by asset managers and Sr. Director of Investment Strategy, and develop renovation plans to maximize stated objectives

    QUALIFICATIONS

     

    Required:

    • A minimum of 5 years work experience in some combination of the following: real estate development/redevelopment, architecture/design, construction services, asset management, or acquisitions. Preferred experience in 3 or more of the above areas specific to the multifamily sector
    • Strong analytical skills and ability to produce and effectively evaluate performance reports
    • A strong work ethic, the strength to thrive in a dynamic and demanding work environment, and an ability to meet critical deadlines
    • Strong critical thinking skills and the ability to make confident business decisions under tight deadlines
    • Strong real estate investment knowledge (multifamily preferred)
    • Strong oral and written communication skills. Interaction with personnel at all levels will be required
    • Ability to assess investment risk quickly and effectively
    • Agility in making appropriate adjustments to scopes/specs/production volumes/price as required
    • Ability to travel

    Preferred:

    • Prior experience with investment modeling, budgeting/forecasting and underlying drivers of operational, financial and cash flow performance
    • Multifamily operating system experience is preferred (Yardi, RealPage OneSite, Revenue Management Systems such as YieldStar and LRO, etc.)
    • Multifamily research experience is preferred (Axio, REIS, MPF, CoStar, Pierce-Eislen, PPR, Real Capital Analytics, etc.)
    • Experience working at a publicly traded real estate, institutional financial services, or public/private equity firm preferred. In addition, experience in REIT performance metrics and reporting preferred
    • Bachelor degree in business, finance, or accounting from top tier school preferred
    • Prior Multi-family submarket knowledge

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