Associate Asset Management Pacific Coast

Overview

The Associate will be based in Los Angeles and responsible for maximizing the value of a portfolio of assets in California. This individual will develop and execute an asset management strategy for their Regional portfolio encompassing property operations, capital expenditures, and renovation/redevelopment programs. The Associate will also collaborate with Blackstone representatives on regional investment activities, including due diligence efforts, investment market assessments and property underwriting assumptions.

He/she will be a 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:

• Be responsible for the performance of a portfolio of assets.
• Collaborate with marketing, revenue management, accounting, financial planning & analysis, capex, research, and portfolio strategy teams to develop & execute value maximizing strategies.
• Develop asset management operational experience and market expertise.
• Leverage monthly and quarterly financial statements, business intelligence software, and several analytical tools to identify underperformance and opportunities relative to benchmarks.
• Develop strong relationships with operating partners to align leasing and strategic goals.
• Conduct frequent physical inspections / site visits to develop a thorough understanding of each property and market conditions, assess operational and management performance, oversee value-add initiatives, and align all relevant teams.
• Assess capital needs and work with capital investment team to develop a long-term plan that aligns with broader strategy.
• Identify and oversee repositioning/unit upgrade opportunities. Monitor market trends for opportunities to add value through renovation or repositioning. Oversee ROI implementation to ensure return objectives are met.
• Develop annual operating and capital budgets to align investment strategies and objectives.
• Support Blackstone on acquisition underwriting, providing market and leasing assumptions and participating in other due diligence activities, as necessary.
• Help evaluate potential new products and services to increase ancillary income, reduce operating expenses, or create operational efficiencies.
• Active participation in local industry organizations is encouraged.
• Maintain an extensive network of industry relationships to stay current on regional and local market trends.
• 20-25% travel required.

• Bachelor’s degree, preferably in Business, Finance, Real Estate, or other relevant area.
• 3 - 5 years of acquisition or asset management experience for a regional portfolio of 750 – 1,500+ units.
• Familiarity with the general principles of real estate finance, including operations and analysis, budgeting, financial reporting, cash management, general accounting, and NPV/IRR analysis.
• Effective communication skills, both verbally and in writing.
• Strong interpersonal, communication, and listening skills to build strong working relationships with all levels of management and across functional teams.
• Ability to understand and interpret quantitative data, trends, and market reports.
• Understanding of multifamily operations, value-add opportunities, market knowledge, and competitor positioning.
• Experience with transactional (acquisitions / dispositions) due diligence process.
• Solutions-oriented, motivated, team-player that thrives in a fast paced, dynamic environment with multiple and evolving priorities and deadlines.
• Strong real estate intellectual curiosity – the position offers tremendous opportunity for growth!

• 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 Liv Corian Values

We deeply value diversity in all its forms. This isn’t a footnote—it’s foundational.

Now, on to the practical stuff:

Base Compensation Range: $ To $ 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.

Benefits:
The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).

The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time.