Associate Manager-Renovations

, 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 300 Class A and B properties comprising more than 100,000 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:

The Associate Manager - Renovations will be primarily responsible for overseeing a small region focused on unit renovation, as well as responsibilities involving the due diligence, strategy development, investment planning, and project management of value-add apartment community investment. Duties will include but not be limited to: assessing physical asset conditions, evaluating sub-market rent repositioning opportunities, developing and overseeing execution of investment plans, leading project teams of design professionals, 3^rd party operators, general contractors/vendors ensuring the success of investment projects, assisting with the review of annual budgets and quarterly reforecasts (related to redevelopment and renovation initiatives), and additional ad-hoc investment analysis and project management as needed. 

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:

• Support evaluation of physical condition of assets and recommend customer driven value-add renovation scope(s) to enhance form and function of physical space.
• Evaluate trended submarket conditions and recommend incremental revenue opportunities.
• Partner with director/vp on developing clear vision for the asset’s highest and best use, mkt position, and competitive advantage.
• Supporting written value-add investment plans for inter-company coordination as well as operator execution.
• Assisting in the design development phase with internal stakeholders, and 3rd party consultants.
• Working in tandem with asset management, construction services, fp&a, marketing, and pricing continually assess and refine performance of renovation execution.
• Work with analysts on managing reporting and participate in review of ROI and expense budgeting, quarterly reforecasting; contributing to the monthly/quarterly financial review processes as it relates to renovations activity.
• Support process improvement initiatives using analytics (trend analysis, variance analysis, etc.) as it relates to managed initiatives.
• Joining in preparation of market surveys and financial proformas.

What you should have:

Required:

• A minimum of 5 years work experience in some combination of the following: real estate development/redevelopment, architecture/design, construction services, asset management, or acquisitions. Preferred experience in 3 or more of the above areas specific to the multifamily sector.
• Strong analytical skills and ability to produce and effectively evaluate performance reports
• A strong work ethic, the strength to thrive in a dynamic and demanding work environment, and an ability to meet critical deadlines.
• Strong critical thinking skills and the ability to make confident business decisions under tight deadlines.
• Strong real estate investment knowledge (multifamily preferred).
• Strong oral and written communication skills. Interaction with personnel at all levels will be required
• Ability to assess investment risk quickly and effectively.
• Agility in making appropriate adjustments to scopes/specs/production volumes/price as required.
• Ability to travel
• Dynamic cognitive skills
• Spatial awareness
• Travel 50%

Preferred:

• Prior experience with investment modeling, budgeting/forecasting and underlying drivers of operational, financial and cash flow performance.
• Multifamily research experience is preferred (Axio, REIS, MPF, CoStar, PPR, Real Capital Analytics, etc.)
• Experience working at a publicly traded real estate, institutional financial services, or public/private equity firm preferred. In addition, experience in REIT performance metrics and reporting preferred.
• Bachelor’s degree in economics, architecture, engineering, business, finance, from top tier school preferred.

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.

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.