• Associate - Asset Manager

    Job Locations US-TX-Austin TX
  • Due to the continued growth of the organization, LivCor has decided to bring on an Associate - Asset Manager to the team. 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. 

     

    This individual will partner with the Director to execute an asset management strategy encompassing property leasing, capital expenditures, and third-party manager relationships for one of LivCor’s Austin assets.  He/she will be a member of the asset management team and will have a significant responsibility for, and impact on, the asset’s financial performance.

    ESSENTIAL JOB FUNCTIONS

    • Responsible for the financial and operational performance of a large-scale multi-family asset in Austin, TX with the potential to expand to additional assets in surrounding markets.
    • Acts as a primary contact across internal and external stakeholders.
    • Responsible for structural change implementation, such as long-term staffing initiatives and oversight of maintenance team efficiency goals.
    • Oversee revenue progress. Work closely with 3rd party managers to establish leasing goals and oversee leasing efforts.
    • Support the annual operating and capital budgeting process.  Utilize reports to evaluate asset performance against stated goals and communicate variances.
    • Assess capital expenditures, and work with stakeholders to develop a long-term cap ex plan for the asset that corresponds to stated regional strategy.
    • Refresh, develop and maintain an extensive network of industry relationships to stay current on regional and local market trends.  Collaborate with Executives to research and analyze key statistics for managing the asset.
    • Increase the value of the asset over the hold period by assisting in the execution of defined asset management strategies and identifying operational efficiencies in coordination with the asset management team.
    • Monitor asset performance, including net operating income, cash flow and asset value fluctuations, while progressing towards achieving asset value maximization strategies.
    • Incorporate a value-oriented approach to the asset by analyzing revenue opportunities and providing direction with financial models to support major capital investments and financing decisions.
    • Collaborate with internal functional teams to implement property specific strategies.

    QUALIFICATIONS 

    • Bachelor’s degree preferred
    • A minimum of two (2+) years of direct asset management experience, specifically in redevelopments
    • Deep understanding of the multifamily market and maintain existing network of contacts within the industry
    • Demonstrated financial and analytical ability to define and execute asset management strategy, including leasing and property management via 3rd party providers, with an understanding of multifamily operations
    • Experience with investment due diligence process along with the ability to provide local market leasing assumptions and competitive intelligence
    • Ability to think and act strategically along with a track record demonstrating sound business judgment when delivering an asset’s peak market value
    • Strong negotiation, analytical, and interpersonal skills are essential as is the ability to work independently

    EEO Statement

    Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, familial status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

     

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