Mayfair Management Group · 1 month ago
Property Management - Transition Specialist
Texas, United States
Full-time
Onsite
Senior Level
$120K/yr - $130K/yr
5+ years expMayfair Management Group is seeking a highly analytical Turnaround Asset Manager to lead the recovery and repositioning of underperforming or distressed real estate assets across their portfolio. The role involves strategic thinking to bridge financial analysis with operational execution to restore asset value and drive growth. Responsibilities include conducting asset performance analysis, developing turnaround strategies, overseeing operations, and communicating with stakeholders.
Real Estate
Responsibilities
Conduct in-depth financial and operational reviews of underperforming properties to identify root causes of distress
Evaluate rent roll, occupancy trends, expense variances, tenant quality, and market positioning
Develop performance benchmarks and identify turnaround opportunities to improve asset value
Create and implement comprehensive asset-specific recovery plans, including leasing strategies, expense control, capital improvements, and management changes
Lead repositioning efforts for value-add assets, including unit renovations, amenity upgrades, and rebranding strategies
Collaborate with internal teams to optimize rent pricing, marketing, and tenant retention strategies
Work closely with property management teams to monitor and improve day-to-day operations
Recommend staffing changes, vendor renegotiations, and process improvements where necessary
Monitor adherence to budgets, timelines, and turnaround KPIs
Prepare and present asset updates, recovery plans, and financial reports to senior leadership, ownership, and/or capital partners
Act as the point of contact for lenders, special services, and third-party consultants during distressed situations
Oversee or support capex planning, including renovation scopes, RFP processes, and return-on-investment analysis
Assist with refinancing, sale preparation, or recapitalization of assets as performance stabilizes
Qualification
Required
5–10+ years of experience in real estate asset management, property operations, or distressed asset recovery
Strong understanding of multifamily, commercial, or mixed-use property operations
Proven track record managing or improving performance in distressed or value-add real estate
Proficiency in financial modeling and performance analysis (Excel, Argus, or equivalent)
Ability to lead cross-functional teams and manage through influence, not just authority
Bachelor's degree in Real Estate, Finance, Business, or related field required
Preferred
Master's or MBA preferred
Familiarity with Yardi, MRI, or similar property management systems
Exposure to affordable housing, tax credit, or regulatory compliance (as applicable)
Company
Mayfair Management Group
Mayfair Management Group Mayfair Management Group (“Mayfair”) is a full-service property management company that specializes in the management of both market-rate and affordable multifamily residential properties, with headquarters in Dallas, Texas.
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase