Associate/Sr. Associate - Portfolio Strategy

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.

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

With a strong commitment to delivering exceptional investment returns, we are dedicated to optimizing the performance of our real estate portfolio. The newly created Portfolio Strategy team plays a pivotal role in achieving this mission, collaborating closely with asset management and key internal stakeholders to maximize value.

We are seeking a highly motivated and experienced multifamily real estate professional to join Portfolio Strategy as an Associate.

The Associate will work closely with senior Portfolio Strategy team members to build and support the key processes and tools that will allow the team to enhance portfolio performance and returns. The ideal candidate will possess strong real estate underwriting capabilities, adept at creating and maintaining detailed financial models covering all aspects of multifamily investment performance. Since this is a new LivCor team, the role will initially focus on supporting the buildout of the data infrastructure and long-term analytical tools, working closely with the Head of Portfolio Strategy. The Associate will be responsible for a wide range of analytical and reporting duties critical to producing an investment-forward culture.

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 motivated, energetic, and organized
• Gumby. Things change.

What you will do:

• Create and maintain detailed financial models that translate high-level investment objectives into operational strategies
• Support the development of detailed asset-by-asset business plans
• Build and update cash-flow & returns-focused financial analyses that support portfolio value optimization
• Conduct periodic hold/sell analyses
• Periodically update asset-by-asset valuations
• Provide material for periodic portfolio investment performance reviews and as-necessary ongoing reporting needs
• Assist in the development of critical dashboards, templates, and databases that will be widely used by both the Portfolio Strategy team and the whole organization
• Create support analyses for evaluating the merits of accretive investment spends, namely ROI & Redevelopment projects
• Work closely with the Investments team in the underwriting, acquisition, refinancing, and disposition of assets
• Continuously review portfolio performance with newly created analyses tools
• Participate in property visits and market tours to assess value-positioning and potential of an asset within its submarket
• Develop a deep understanding of all-things multifamily investing: capital-markets, yields, capital stacks, finance, and operational strategies
• Ad-hoc and special projects related to performance updates, market insights, team infrastructure improvements, and other potential ancillary opportunities

What you should have:

• Minimum of 3 years real estate investment analytical experience
• Ideally with either asset management or underwriting experience gained on a sophisticated private equity real estate platform
• Multifamily financial modeling expertise and an in-depth understanding of real estate fundamentals
• Excellent written and verbal communication skills
• Ability to lead projects with little direction
• Ability to effectively collaborate with cross-functional colleagues
• Ability to present technical analysis and strategic insights in a clear and concise manner
• High attention to detail
• Bachelor’s degree in Finance, Business or a related field
• Travel required

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

1. Be you. Be Real. Be Open. You do you. Together, we will do something amazing.
2. Care, Always. We don’t want to let anyone down.
3. Courageously Curious. We love to learn, even when it hurts.
4. Help Others Win, Be A Good Neighbor. This is about ‘We, not Me.’
5. Relentless Hustle, Heart & Humility. Work hard. Be Kind. Make Better.

As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $130,000 - $200,000 (this represents the presently-anticipated low and high end of the Company’s base salary range for this position).  Total direct compensation may also include discretionary bonus and/or incentive compensation. Actual base salary range may vary based on various factors, including but not limited to location and experience. 

A few of the people you will work with:

• Eddie Reiner
• Scott Rosen
• Brandon Robertson
• Anastasia Gillen

LivCor is proud to be a US EPA ENERGY STAR® Partner

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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