LivCor

LivCor

Manages multi-family rental properties nationwide

Overview

LivCor manages a large, US-wide portfolio of multi-family rental properties. It oversees more than 400 Class A and B communities, totaling over 150,000 residential units, with operations across many markets. The company owns, acquires, develops, and manages these properties, leveraging Blackstone’s capital and expertise to run day-to-day operations and asset management at scale. Its goal is to create great places to live, work, and grow, delivering value to residents and investors through well-managed, quality apartment communities.

About LivCor

Simplify's Rating
Why LivCor is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2013

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Simplify's Take

What believers are saying

  • LivCor sold Brizo Apartments for $70M, netting $14M profit in November 2023.
  • LivCor sold Tryon Farms for $58.8M to GSL Properties in high-demand Charlotte.
  • LivCor acquired 11 properties from Bell Partners in $1.8B deal in 2023.

What critics are saying

  • Blackstone accelerates LivCor asset sales, exiting mid-tier markets within 6-12 months.
  • Rising cap rates compress LivCor portfolio multiples by 15-25% in 12-24 months.
  • Blackstone LP redemptions force LivCor fire-sales, destroying NAV in 18-36 months.

What makes LivCor unique

  • LivCor manages 400 multifamily properties totaling 150,000 units across US markets.
  • LivCor specializes in hands-on asset management of Class A and B apartments.
  • Brizo Apartments offer granite countertops and airport proximity for premium rentals.

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Company News

PR Newswire
Jan 21st, 2025
Brian Harrison Joins NEWSTAR as Senior Vice President of Development

Mr. Harrison joins NEWSTAR from LivCOR, a Blackstone portfolio company specializing in multifamily housing, where he most recently served as Senior Director of Development.

SmartCompany
Nov 18th, 2024
Luke Anear steps down as SafetyCulture CEO

Vohs joins as CEO after serving as chief executive of US real estate company LivCor.

Multi-Housing News
Aug 2nd, 2024
Tailwind JV Acquires 480-Bed Mississippi Community

In 2022, LivCor acquired ACC and assumed the ownership of the firm's entire U.S. portfolio.

The Business Journals
Nov 9th, 2023
Sale of RTP apartments nets $14M profit for Blackstone portfolio company

LivCor, a Blackstone (NYSE: BX) portfolio company, sold Brizo luxury apartments for $70 million to Denver-based investment firm AIR Communities, according to Durham County deed records.

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