Vice President of Property Transitions

POSITION SUMMARY The VP of Property Transitions is a senior leadership role responsible for delivering seamless, low\-disruption onboarding and offboarding of portfolio assets, ensuring every property enters operations positioned for immediate and sustained success. This role plays a critical part in executing the company’s growth strategy by translating acquisitions and dispositions into stable, well\-run operations from day one. This position leads the end\-to\-end transition lifecycle—from pre\-close preparation through stabilized operations—while serving as the central orchestrator across investment, operations, IT, HR, accounting, and external partners. The Head of Property Transitions is highly strategic, detail\-oriented, and execution\-focused, combining disciplined project management with strong judgment and influence to manage complexity, mitigate risk, and hold teams accountable to timelines. Success in this role requires a collaborative leader who can build scalable processes, develop standardized playbooks, and deliver clear executive\-level reporting that provides visibility into transition health, risks, and performance. The core mission of this role is to protect asset value, minimize disruption to residents and teams, and ensure consistent operational excellence across all property transitions. This is a remote role, with the expectation that candidates are located within one hour of a major airport, can support Eastern Time business hours, and are based in one of the states where we currently operate. ESSENTIAL DUTIES Transition Planning \& Execution * Own the end\-to\-end lifecycle of property onboarding and offboarding, from pre\-close preparation through stabilized operations, ensuring low\- to zero\-disruption transitions as the standard. * Develop, maintain, and continuously refine standardized transition playbooks, timelines, checklists, and handoff frameworks. * Lead due diligence site visits to evaluate staffing, operations, and financial performance, translating findings into clear risk profiles and execution plans. * Coordinate all pre\-close and post\-close transition activities, including utilities, vendor continuity, system conversions, and resident communications. * Establish and manage detailed transition timelines with defined milestones, owners, and escalation paths; proactively surface and resolve blockers. * Maintain a live transition pipeline dashboard providing executive leadership with real\-time visibility into deal status, risks, and upcoming milestones. * Lead post\-transition reviews to capture lessons learned and systematically incorporate improvements into future transitions. Cross\-Functional Coordination * Serve as the central coordination point across all internal functions involved in property transitions, ensuring alignment, accountability, and execution discipline. * Drive cross\-functional execution across investment management, asset management, property operations, facilities, IT, marketing, accounting, HR, and other stakeholders. * Partner with regional and property leadership to align staffing, training, and operational readiness well in advance of transition dates. * Act as the primary escalation point during active transitions, resolving cross\-functional challenges quickly while protecting critical timelines. * Build and maintain strong working relationships with sellers, third\-party managers, brokers, and external partners to ensure accurate information transfer and collaboration. * Promote a culture of shared accountability by ensuring transition responsibilities, timelines, and expectations are clearly documented, visible, and tracked. Due Diligence \& Risk Assessment * Lead comprehensive operational due diligence reviews, including leases, rent rolls, AR and delinquency, vendor contracts, utilities, and compliance documentation. * Identify, quantify, and prioritize operational, financial, physical, and regulatory risks prior to takeover, developing mitigation plans with clear ownership. * Maintain and enhance standardized due diligence checklists and risk registers to reflect evolving portfolio complexity and acquisition profiles. * Partner with investment and asset management teams to ensure operational findings inform underwriting assumptions, deal structuring, and post\-close capital planning. * Ensure all regulatory, licensing, and compliance requirements are satisfied prior to takeover, including landlord\-tenant laws and property\-level requirements. Process Improvement \& Reporting * Own and continuously improve the transition operating model to ensure consistency, scalability, and transparency across all transitions. * Deliver structured, executive\-level reporting on active transitions, upcoming closings, risk flags, and post\-transition performance. * Define and track key performance indicators (KPIs), including time\-to\-operational\-stability, transition cost, resident satisfaction at 30/60/90 days, and first\-year NOI versus underwriting. * Identify systemic bottlenecks and recurring failure points and implement portfolio\-wide solutions. * Ensure all transition documentation—playbooks, templates, checklists, and vendor repositories—is current, standardized, and consistently adopted. **Additional Duties:** Tasks or duties not outlined in this job description may be required to contribute to the organization's success and efficiency. QUALIFICATIONS **Education \& Experience:** * Bachelor’s degree in Business, Real Estate, Finance, Operations, or a related field, or an equivalent combination of education and relevant professional experience. * 10\+ years of experience in property operations, asset management, or real estate transactions, with direct involvement in acquisitions, onboarding, or portfolio transitions. * Demonstrated success leading complex, cross\-functional initiatives with multiple stakeholders and time\-sensitive deliverables. * Proven ability to build scalable processes, refine them over time, and drive disciplined execution through influence rather than authority. * Strong operational fluency with property management workflows, financial reporting, and enterprise systems. * Excellent organizational, communication, and problem\-solving skills with the ability to translate complexity into clear, actionable plans. * This role requires up to 50% travel. Preferred Experience * Experience in high\-growth, multi\-site residential environments such as multifamily, single\-family rental, or build\-to\-rent portfolios. * Experience partnering closely with investment and asset management teams in acquisition\-driven organizations. * Background in process design, operational consulting, or systems implementation. The “Benefits” of Employment * Employee referral payment program * Educational Enhancement Program * Tuition Reimbursement * Medical, Dental, and Vision benefits * Life/ AD\&D Insurance * Paid Parental Leave * Long and short term disability * Retirement Plan \- 401(k) Plan * Volunteer \& Community Service Opportunities * Discount on an apartment at any one of our properties * Brand new amenity space that includes a full gym/fitness center and golf simulator **Salary range:** $160,000\-$230,000/yr If you are hired at Morgan Properties, your overall compensation package will also be determined based on factors such as geographic location, skills, education, and/or experience which may result in total compensation outside of this range. **Get To Know Us:** Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in Conshohocken, Pennsylvania. Jonathan and Jason Morgan represent the next\-generation leaders growing the platform and overseeing the business operations. Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprised of more than 400 apartment communities and over 110,000 units located in 22 states. The Company is among the three largest multifamily owners in the nation and the largest in Pennsylvania, Maryland, and New York. With over 2,600 employees, Morgan Properties prides itself on its quick decision\-making capabilities, strong capital relationships, and proven operational expertise. \#LI\-JS1 \#Ac899909