Associate - Asset Manager

Job Locations US-HI

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 300 Class A and B properties comprising more than 100,000 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.

 

Whew! Still with us? Cool. Let’s talk about where you’d fit in:

 

This role will partner with the SVP of Asset Management (West) to execute an asset management strategy encompassing property leasing, capital expenditures, and third-party manager relationships for a select portfolio of LivCor’s assets located in Oahu, Hawaii.  They will be a member of the asset management team and will have a significant responsibility for, and impact on, the portfolio’s financial performance.

 

Only read further if you are:

  • Kind
  • Humble
  • Honest
  • Relentless
  • Smart with Heart

You should be:

  • Authentic. You do you. Together, we’ll do something amazing.
  • A passionate person with a love for real estate and investing; and believes that helping others win is a noble cause, essential to our success.
  • An excellent team player who enjoys working with others and has strong interpersonal skills.
  • Highly motivatedenergetic, and organized
  • Gumby. Things change.

What you will do:

  • Responsible for the financial and operational performance of a large-scale multi-family portfolio, with the potential to expand to a larger portfolio located in the same or surrounding markets.
  • Conduct frequent site visits. Develop an understanding of property challenges and identify opportunities for improvement. Build relationships with site teams.
  • Acts as a primary contact across internal and external stakeholders. Responsible for developing and maintaining relationships with internal peers and departments.
  • Help with development, and support director on execution, of various asset management strategies.
  • 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 assets in the assigned portfolio 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.
  • Leverage monthly and quarterly financial statements, business intelligence software, and analytical tools to identify property and portfolio underperformance.
  • Find opportunities within the assigned portfolio of properties by leveraging KPI's and other metrics.
  • Incorporate a value-oriented approach to each 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

What you should have:

  • Bachelor’s degree preferred.
  • 2-3 years minimum of direct asset management experience, preferably in the multifamily sector, with experience managing a multiple property portfolio.
  • Strong understanding of multifamily markets and maintenance of an 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.
  • Technology experience including Excel and the following systems: PMS, Yieldstar, and BI Solutions

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. A lot. We’re definitely not serious but we take this stuff seriously, if you get what we mean. We want a place that is an ego-free zone. A place where good people do good things together. It shouldn’t be rocket science in workplaces, but for some reason it still is? We’re absolutely determined to be different, and we think we’re doing a pretty good job at it. We have a CEO who makes fun of himself, and who will encourage you to tell him when he is wrong. In fact, he needs people to – we all do. Supportive challenge is good, it’s how we get better. We like getting better. We also love diversity, of all kinds. We need people who look, sound, speak, love, and exist differently from one another. This isn’t at the end of this paragraph because it’s an afterthought. It’s SO important to us we want it to stand out.

 

Right. On to the technical stuff that we know matters to you. We offer competitive pay that is commensurate with the market and relevant experience, and a full slate of benefits that even includes things like paid parental leave.

  

If any of this sounds interesting, then maybe we are a fit. Life is too short to work with people you don’t like. So whatever you do, don’t make that mistake.

 

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.

 

A few of the people you will work with:

 

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, 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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