Regional Vice President

Preferred Apartment Communities is engaged in the operation of primarily Class A multifamily properties. We have developed a culture throughout our company that is designed to show respect for each other, our residents, and vendors. We believe our focus on quality, consistency, and innovation provides strong national recognition for the Preferred Apartment Communities brand. Learn more about us at https://www.pacapts.com/.

The RVP is responsible for all property operations, functions, and support as outlined in the document for the portfolio assigned. The RVP portfolio will consist of supervision of 2-3 Regional Managers overseeing 5-8 properties each and may be adjusted as the President or SVP sees fit. This role could involve direct supervision of properties.

The RVP will be expected to work with and communicate clearly with other divisions and departments within PAC as well as LivCor Asset Management group.

The RVP will provide strategic planning, oversight, and direction, on a management company level for the assigned portfolio or other areas of oversight for day-to-day operations through the appropriate Regional Managers. The RVP will be responsible for driving portfolio performance based on the investment strategy of each asset. The RVP will assist and ensure the implementation of new programs and ensure the implementation of PAC's policies and procedures.

ESSENTIAL FUNCTIONS

• Understand, support, and drive the organization's mission, vision, strategy, culture, goals, and objectives.
• Direct and support a team of Regional Managers that contributes to the organization's priorities.
• Strive for excellence and foster a culture that recognizes and rewards that pursuit.
• Foster a productive and cooperative relationship with Property Management departments within PAC and LivCor including - Operations, Marketing, Maintenance, Legal, People, Transitions, Training, Asset Management, Capital, ROI/Redevelopment, Revenue and Performance, and Finance.
• Ensure adherence to operating policies and procedures for all onsite activities.
• Ensure training of onsite staff for leasing, resident service, and operating system technologies.
• Oversee the budgeting process for their specific portfolio in conjunction with the Regional Manager.
• Oversight of actual results of operations relative to budgeted expectations and market conditions.
• Revenue management - Provide thoughtful input on rent levels and occupancy targets.
• Support investment underwriting via market analysis, scope of work perspectives, and evaluation of pre-existing onsite teams.
• Manage human capital resource allocation to oversee the portfolio and unlock associates capabilities.
• Maintain and manage vendor relations.
• Provide support and oversight for capital expenditures recommended by the Regional Managers & signed off by PAC asset management.
• Ensure adherence to local, state, and federal regulations, as well as fair hosing laws.
• Conduct regular property visits to assess performance, provide coaching, and ensure compliance with brand and operational standards.
• Approve of staffing recommendations for the portfolio.

SPECIFIC RESPONSIBILITIES

• Review portfolio properties weekly and respond with changes/recommendations to Regional Managers with personal property visits conducted as needed/required.
• Evaluate monthly financial reports and provide guidance and direction to the Regional Manager regarding property financial operations.
• Assist the Regional Managers by providing support for all property-related personnel issues, emergencies, property damage/liability issues, budget variances, and capital projects.
• Ensure all operating and reporting compliance occurs on a timely basis.
• Work with Asset Management & Regional Managers in identifying and addressing property capital improvement projects.
• Hire, train, and develop regional management teams.
• Participate as needed in local, regional, and national multi-family industry events.

Corporate Responsibilities:

• Acquisitions: Support the acquisition team in analyzing and underwriting potential acquisition targets as requested.
• Communication: Participate in and lead monthly/quarterly management company meetings.
• Initiatives: Partner with other senior executives to continually update and introduce new corporate initiatives, policies, and procedures.

Supervisory Responsibility:

• Regional Managers & Community Managers - multiple reports based on portfolio size.
• Active interaction with the Senior Leadership, Corporate support groups, and third-party developers.
• Ensuring Regional/ Community Managers achieve deadlines.

QUALIFICATIONS

At least 8 years of experience in property management, with at least 3 years in a senior leadership role overseeing multiple Regional Managers, properties or regions. Proven experience in managing large- scale operations and teams.

Exceptional communication, leadership and decision-making skills

Experience with multifamily class A/B/C properties.

Supervisory Controls:

• The RVP will have a matrix reporting structure to the Vice President. In addition, the RVP will communicate with LivCor Asset Management as appropriate regarding property operations.
• The RVP plans and carries out the successive steps of regular duties and handles problems and deviations in the work assignment in accordance with objectives, policies, previous training, or company practices.

• Success is evaluated based on job-specific performance related to the portfolio and compensation related to overall lease-up and stabilized properties performance.

Travel:

• Travel is required for this position.

Physical Requirements:

• Must be able to walk and stand for extended periods of time.
• Must be able to travel via car or air travel.

Please review the job applicant privacy notice here.

EEO Statement

PAC is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com