Director, Asset Management (Los Angeles)

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:

  

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

The Director - Asset Management will be based in Los Angeles and will be responsible for maximizing the value of the firm's assets. This Director will develop and execute an asset management strategy for a portfolio within the Pacific Coast region. The Director will strategize and oversee execution of property operations, capital expenditures, and renovation/redevelopment programs. The role will also collaborate with Blackstone representatives on regional investment activities, including due diligence efforts, investment market assessments and property underwriting assumptions. The Director will be a critical member of the asset management team and will have a significant responsibility for, and impact on, the portfolio's financial performance.

What you will do:

• Develop strategic recommendations by understanding real estate operations, property nuances and data-driven trends, and local market dynamics.

• Collaborate with various internal teams, including: marketing, revenue management, accounting, financial planning & analysis, capital investment, renovation, and portfolio strategy to formulate and execute strategies to maximize portfolio value and report performance results to leadership.

• Leverage monthly and quarterly financial statements, business intelligence software, and a host of analytical tools to identify property and portfolio performance relative to budget and/or market benchmarks.

• Incorporate a value-oriented approach to each asset by analyzing revenue opportunities and providing direction supported by financial models to justify major capital investments and financial decisions.

• Forge strong relationships with operating partners, work through challenges, and escalate concerns to senior management.

• Conduct frequent physical property inspections to develop a thorough understanding of property positioning, assess implementation of strategic initiatives, assess operational and management performance, and identify opportunities for improvement.

• Assess the capital needs/expenditures by property and work with capital investment team to develop a long-term capital plan that aligns with asset strategy.

• Oversee repositioning opportunities. Monitor market trends for opportunities to add value through renovation, expansion or repositioning of the assets. Supervise scope development, financial impact, and ensure targeted returns are achieved.

• Develop comprehensive annual operating and capital budgets supporting investment strategies and objectives, collaborating with various internal teams.

• Become an expert on assigned local markets through on-site visits, economic outlook and trends, and network of industry experts.

• Support Blackstone on acquisition underwriting, providing market and leasing assumptions and participating in other due diligence activities, as necessary.

• Evaluate potential new products to increase ancillary income, reduce operating expenses, or create operational efficiencies.

• Identify opportunities, initiatives, and projects to drive performance across asset management.

• Mentor and develop junior team members across various internal teams.

• Participate in in local industry organizations.

• 20-25% travel required.

What you should have:

• Bachelor’s degree, preferably in Business, Finance, Real Estate, or other relevant area.

• 7+ years of acquisition or asset management experience for a regional portfolio of 5,000 – 7,000+ units, with mixed-use retail, and in multiple MSAs, preferably with experience across the West Coast.

• Familiarity with the general principles of real estate, including operations and analysis, budgeting, financial reporting, cash management and general accounting.

• Ability to communicate complex issues effectively and professionally, both verbally and in writing.

• Effective interpersonal, communication and listening skills necessary to form strong working relationships with all levels of management and throughout the various cross functional teams.

• Strong understanding of general construction and redevelopment terminology and understanding of standard multifamily capital enhancement/improvement projects.

• Ability to understand and interpret market trends, third party market reports, and operator market competitor surveys.

• Ability to define, develop, and execute asset management strategy, by leveraging and managing 3rd party property management teams.

• Familiarity with investment due diligence process along with ability to provide local market leasing assumptions and competitive intelligence.

• Strong self-starter that thrives in a fast paced, dynamic environment with multiple and evolving priorities and deadlines.

What we offer:

We believe that when we take care of our people, everything else follows. We’re committed to clear expectations, honest feedback, and helping you grow. That’s why we foster a culture that’s collaborative, inclusive, and refreshingly ego-free. We are good neighbors that lead with empathy, embrace curiosity, and put trust at the heart of everything we do. Together, we strive for excellence.

We deeply value diversity in all its forms. We want people who sound, think, love, and live differently from one another. This isn’t a footnote—it’s foundational.

Now, on to the practical stuff:

• Generous 401(k) match to help you plan for the future

• Fertility, adoption, and surrogacy support to grow your family your way

• Comprehensive health benefits, including medical, dental, and vision

• Hybrid work model with offices in Chicago, NYC, and Atlanta

.

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.

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

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the California Fair Chance Act and any other applicable city, county, or local ordinances. Good cause exists for a criminal background check because one of the material duties of this position requires access to sensitive financial information and confidential and proprietary information and accordingly requires the candidate to possess a high level of integrity and discretion. The Company faces a significant risk to its business operations or business reputation if a criminal history check is not performed. A criminal history that has a direct, adverse, and negative relationship with these material duties may potentially result in the withdrawal of a conditional offer of employment.

Base Compensation Range:

$180,000.00 To $205,000.00 Annually. This represents the presently-anticipated low and high end of the Company’s base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.

Total Direct Compensation:  This job is also eligible for discretionary bonus and incentive compensation on an annual basis.

Please review the job applicant privacy notice here.

EEO Statement

LivCor is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com