Regional Manager (Special Assets) - Austin,TX Job Austin area,Texas USA,Real Estate/Property

Regional Manager-Special Assets

Dominium is helping tackle the affordable housing crisis – and we're looking for motivated candidates to join our team and advance our mission. With offices in Atlanta, Dallas, Phoenix and Minneapolis, Dominium is one of the nation's most respected and innovative affordable housing development and management companies. We create quality, affordable homes and engage with our residents to foster a strong sense of community and connection.

Join us in making a difference in people's lives every day at a company where you can challenge yourself to develop both personally and professionally.

Position Summary:

The Regional Manager-Special Assets plays a critical hands-on role in supporting the stabilization and performance improvement of a designated portion of Dominium's portfolio of Special Assets (primarily Low-Income Tax Credit/LIHTC affordable housing properties) across multiple MSAs. Reporting to the Regional Director-Special Assets, this position is responsible for executing day-to-day operational turnaround plans, driving performance at the property level, and directly supervising Community Managers.

The role focuses on implementing operational best practices, achieving financial and occupancy targets, ensuring regulatory compliance, and supporting the overall transition of these assets to stable, high-performing operations while delivering on the business plan.

Essential Functions:

Executes property‑level stabilization and performance improvement plans for an assigned group of special assets, including operational enhancements, revenue optimization, expense management, and capital project coordination.

Directs the supervision, coaching, and development of on‑site Community Managers; sets clear performance expectations, conducts regular property visits, and drives accountability for leasing, collections, maintenance, resident satisfaction, and overall property performance.

Conducts ongoing property assessments and supports the implementation of corrective action plans to address physical, financial, compliance, and market challenges.

Oversees daily property operations with a focus on leasing and marketing effectiveness, rent collections, vendor management, work order systems, preventive maintenance, and resident relations.

Ensures full compliance with LIHTC, HUD, state housing finance agency, fair housing, and all lender and investor requirements; promptly addresses and resolves any compliance or audit issues.

Collaborates with the Regional Director, Accounting, Internal Property Management Enablement Functions, Construction Management, and other internal teams on budgeting, financial forecasting, capital improvement projects, and related initiatives.

Monitors property financial performance (NOI, occupancy, collections, etc.) and implements timely corrective actions to achieve stabilization targets.

Builds positive relationships with residents, local stakeholders, housing authorities, and service providers to support community stability and retention.

Prepares timely property performance reports, dashboards, and updates for the Regional Director and senior leadership.

Identifies and applies operational best practices and process improvements at the asset level.

Qualifications: (Knowledge, Skills, Abilities, Education, Training and Experience.)

Bachelor's degree in Real Estate, Business Administration, or a related field preferred; equivalent combination of education and experience will be considered.
Minimum of 3 years of progressive multifamily property management experience, including at least 2 years in a supervisory role overseeing Community Managers or similar on‑site teams.
Required experience in a for‑profit real estate environment with accountability for both financial performance and affordable housing compliance.
Strongly preferred experience with affordable housing programs, including LIHTC and related regulatory requirements.
Hands‑on experience with property takeovers, repositioning, acquisition/rehabilitation support, or asset stabilization initiatives is strongly preferred.
Strong financial acumen with the ability to review operating statements, manage property…

Regional Manager (Special Assets) - Austin, TX