Vice President of Special Assets

Vice President, Special Assets

We are seeking a dynamic and strategic Vice President of Special Assets to join a rapidly growing, highly respected real estate organization. This newly created leadership role is critical to the continued success and scalability of the portfolio, serving as a right hand to senior leadership and a key driver of performance across high-priority assets.

This individual will act as a rapid-response operator and strategist, taking ownership of underperforming or at-risk properties and executing targeted turnaround plans. The role is highly visible, collaborative, and impactful—focused on stabilizing operations, improving financial performance, and protecting long-term asset value.

This is a unique opportunity to step into a growth‑oriented organization where you are working on internally owned assets—not fee‑managed—offering greater control, alignment, and long‑term stability.

What You’ll Do

Asset Stabilization & Turnaround

• Take direct oversight of a select group of underperforming or high-priority assets
• Develop and execute 30‑60‑90 day recovery plans with clear KPIs
• Drive measurable improvements in occupancy, leasing velocity, collections, and NOI
• Identify inefficiencies and eliminate revenue leakage

Lease‑Up & Occupancy Strategy

• Lead strategy for challenged lease‑ups and sub‑stabilized communities
• Align pricing and positioning with market conditions and demand trends
• Implement targeted marketing and conversion strategies
• Monitor full funnel performance: traffic, applications, approvals, and move‑ins

Collections & Financial Performance

• Improve collections and reduce delinquency exposure across assigned assets
• Standardize reporting, processes, and escalation protocols
• Partner with legal and compliance teams on effective resolution strategies
• Analyze trends and implement strategies to drive NOI growth

Operational Leadership

• Conduct rapid assessments across staffing, maintenance, and leasing functions
• Identify leadership gaps and implement immediate solutions
• Support hiring, restructuring, and team development as needed
• Drive accountability and consistency across site and regional teams

Compliance & Risk Mitigation

• Ensure adherence to affordable housing regulations (LIHTC, RAD, PBV)
• Partner with compliance teams on audits and corrective action plans
• Proactively identify and mitigate operational and financial risks

Cross‑Functional Collaboration

• Partner closely with Asset Management, Operations, Marketing, Compliance, and Facilities
• Serve as a key liaison to ownership and executive leadership
• Align teams around execution of recovery and performance strategies

Why This Role Stands Out

• Newly created, high‑impact position with strong executive visibility
• Clear path for growth and succession planning within leadership
• Opportunity to work across a diverse portfolio including distressed assets, stabilized communities, and new developments
• Work for an organization that is its own owner/operator—no third‑party management instability
• Be part of a company with significant growth (12K+ units in pipeline in South Florida alone)

What We’re Looking For

• Bachelor’s degree required
• 10+ years in multifamily property management
• 3–5+ years at the RVP or VP level (or fast‑traked high performers ready to step up)
• Deep experience with affordable housing programs (LIHTC, RAD, PBV)
• Proven success in asset stabilization, lease‑ups, and operational turnarounds
• Strong financial acumen and data‑driven decision‑making skills
• Experience managing multi‑site, complex portfolios

Ideal Candidate Profile

• A strategic thinker who can also execute decisively in the field
• Comfortable operating in high‑pressure, fast‑paced environments
• Willing to provide direct, honest feedback and challenge the status quo
• Experience across diverse asset types (distressed, stabilized, new construction)
• Deep understanding of Florida markets and regional dynamics
• Someone seeking long‑term growth, not a stepping stone

Location & Travel

• Must be based in South Florida (Dade, Broward, or Palm Beach County)
• Ability to travel extensively throughout Florida (Orlando, Tampa, Jacksonville, Panhandle, etc.)

Success Metrics

• Achieve stabilized occupancy within defined timelines
• Reach or exceed 95%+ collection rates
• Reduce delinquency and bad debt exposure
• Execute successful lease‑ups aligned with pro forma
• Deliver measurable NOI improvement across assigned assets