Associate, Asset Management

LivCor•Chicago, IL

3d•Hybrid

About The Position

LivCor is seeking an Associate, Asset Management to support the Florida portfolio. The Associate will be based in either Chicago or Atlanta, and will aid in maximizing the value of the company’s Florida assets.

Requirements

Bachelor’s degree, preferably in Business, Finance, Real Estate, or other relevant area.
3 - 5 years of real estate investment experience, supporting either FPA, Investments, or Asset Management
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
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!

Nice To Haves

20-25% travel required

Responsibilities

Assist with oversight of a portfolio of assets, identifying the economic viability and capital-markets outcome opportunity for each
Collaborate with various internal teams, and as applicable third-party operating partners, to optimize portfolio performance
Prepare the asset strategy review (business plan) for assigned assets and assist in guiding the asset and operating team through the plan
Prepare underwriting for property valuations, dispositions, & hold/sell analyses
Provide analytical support in understanding all critical aspects of the asset’s investment positioning, including proactively solving for any obstacles that might hinder a sale such as JVs, ground leases, commercial components, tax considerations, and others
Participate in property visits and market tours to build operating relationships and gain expertise in submarket dynamics
Assess capital needs and work with capital team to develop a long-term plan that aligns with the business plan
Assess repositioning & unit upgrade opportunities and work with various internal teams to ensure success of said programs
Participate in the development of annual operating and capital budgets to align investment strategies and objectives
Support as needed on acquisition underwriting, providing market and leasing assumptions and participating in other due diligence activities, as necessary
Active participation in local industry organizations is encouraged.
Maintain an extensive network of industry relationships to stay current on regional and local market trends