Director, Asset Management; Dallas

Job Description

The Director - Asset Management will be based in Dallas 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 throughout Texas. 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.

• 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, investments, 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 elevate 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 the 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 and the Liv Cor Investment team, 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 local industry organizations.
• 20-25% travel required.

• 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,…