Director/Sr. Director - 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 a Director. The Director will be instrumental in developing and overseeing strategies that maximize investment returns. This role will require a deep understanding of multifamily asset management, a strong grasp of real estate capital markets, and excellent communication skills to effectively liaise both with internal teams and with Blackstone.

The Director will work closely with the Head of Portfolio Strategy to help create, own, and lead the key processes and tools that will allow the team to enhance portfolio performance and returns. The successful candidate will have responsibility for combining capital markets expertise, investment considerations, data analytics, portfolio management and on-the-ground strategy, and operate with urgency to drive outsized value creation. The ideal candidate has experience with ‘round trip’ investing and portfolio management in the multi-family sector.

This individual will possess a demonstrated history of successfully (a) building cross-functional relationships, (b) analyzing risks and opportunities of a multifamily asset and its market, and (c) executing scalable portfolio management processes.

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:

• Develop detailed asset-by-asset business plans in partnership with asset management that align short-term operations with long-term investment objectives
• Oversee the creation of new financial models and returns-focused analyses that support portfolio value optimization
• Coordinate hold/sell analyses and formulate strategies accordingly
• Lead periodic portfolio valuations and scenario analyses updates
• Participate in and potentially lead periodic portfolio investment performance reviews
• Evaluate and explore merits of accretive investment spends, namely ROI & Redevelopment projects
• Work closely with the Investments team in the underwriting, acquisition, refinancing, and disposition of assets and including flagging specific assets or markets based on actionable trends
• Review and analyze portfolio performance to ensure that asset business plans are on track, and be prepared to collaborate to diligently pivot plans as needed
• Closely collaborate with internal key members to ensure seamless alignment between investment and operational strategies, including assessing the risks, opportunities and weaknesses throughout the portfolio
• Participate in property visits and market tours to assess positioning and potential of an asset within its submarket
• Exhibit leadership in partnering with other internal teams, and in developing Portfolio Strategy team members
• Monitor market trends and inform senior leadership, Blackstone, and asset managers of strengths and opportunities to help guide relevant asset and portfolio strategies
• Assume responsibility for and drive investment-forward portfolio returns in connection with asset management and other key internal stakeholders
• Provide performance updates and ad hoc reports as necessary

What you should have:

• Minimum of 7 years multifamily asset management and/or investment experience
• Ideally with portfolio management experience gained on a sophisticated investment platform. Experience working within a private equity context and covering a national footprint
• A comprehensive understanding of real estate and capital markets
• Exceptional quantitative and underwriting skills
• Ability to effectively and confidently speak to detailed multifamily strategy as well as ideal investment positioning
• Strategic, creative and analytical thinker
• Excellent interpersonal and communication skills
• Ability to write and present at high levels in a business context, in a clear and concise manner
• Demonstrated leadership capabilities with relevant management experience
• Strong organizational skills and attention to detail with the ability to manage multiple priorities under tight timelines simultaneously
• Ability to build strong relationships across the organization, and quickly build credibility and gain the trust and confidence of colleagues
• 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 $210,000  - $300,000 (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.

#LI-MS1 #LI-Hybrid