Director - Asset Management, Texas

Director - Asset Management, Texas

Liv Cor, a Blackstone Portfolio Company, is a real estate asset management business specializing in multi‑family housing. Founded in 2013 and headquartered in Chicago, Liv Cor currently manages a portfolio of over 400 Class A and B properties comprising more than 150,000 units across the United States.

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

• Collaborate with portfolio strategy, investments, marketing, revenue management, accounting, financial planning & analysis, and capital investment departments to formulate and execute strategies that maximize portfolio value and report performance results to leadership.
• Leverage monthly and quarterly financial statements, business intelligence software, and analytical tools to identify underperformance relative to budget or market benchmarks and work with relevant teams to correct issues.
• Use a value‑oriented approach to each asset, analyzing revenue opportunities and providing direction supported by financial models to justify major capital investments and decisions.
• Forge strong relationships with operating partners, addressing challenges and communicating concerns up internal and external chains of command when expectations are not met.
• Conduct frequent physical inspections of each property in the assigned portfolio to assess implementation of strategic initiatives, operational performance, and identify improvement opportunities.
• Coordinate with the Cap Ex team to evaluate capital needs and develop long‑term capital plans that align with the stated strategy.
• Identify and oversee repositioning opportunities, monitor market trends for value‑adding renovations or expansions, and supervise scope development and implementation to ensure ROI expectations are met.
• Lead the creation of annual operating and capital budgets, collaborating with teams to produce comprehensive budgets that meet investment strategies.
• Become an expert on assigned markets through on‑site visits, analysis of industry trends, and maintenance of an industry network, then collaborate with executives to adjust strategy.
• Support Blackstone in acquisition underwriting, providing market and leasing assumptions and participating in due diligence activities as necessary.
• Lead the Capital Investment and Renovation Investment Strategy for each community.
• Evaluate and recommend new products and services to grow ancillary income, reduce operating expenses, or create operational efficiencies.
• Identify opportunities, initiatives, and projects to drive performance of the larger asset management department.
• Mentor and develop analysts, leads, and managers across supporting teams.
• Encourage active participation in local industry organizations.
• Maintain an extensive network of industry relationships to stay current on regional and local market trends.
• Travel 20‑25% of the time.

• Bachelor’s degree, preferably in Business, Finance, Real Estate, or a related field.
• 7+ years of acquisition or asset management experience for a regional portfolio of 5,000–7,000+ units, with mixed‑use retail, across multiple MSAs, preferably in Texas.
• Familiarity with core real estate principles: operations, analysis, budgeting, financial reporting, cash management, and general accounting.
• Ability to communicate complex issues effectively and professionally, both verbally and in writing.
• Strong interpersonal, communication, and listening skills necessary to build relationships with all levels of management and across functional teams.
• Understanding of construction and redevelopment terminology and standard multifamily capital enhancement projects.
• Ability to interpret market trends, third‑party reports, and competitor surveys.
• Capacity to define, develop, and execute an asset management strategy while managing third‑party property management teams.
• Familiarity with investment due diligence processes and ability to provide local market leasing assumptions and competitive intelligence.
• Strong self‑starter who thrives in a fast‑paced, dynamic environment with evolving priorities and deadlines.

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