Director of Investments

AIR Communities•Chicago, IL

1d•Hybrid

About The Position

AIR Communities, a Blackstone portfolio company and a leading real estate investment firm, is seeking a Director, Investments. This role will serve as the market lead for acquisition and disposition activities, identifying, evaluating, negotiating, and executing transactions. The position requires partnering closely with AIR and Blackstone leaders to manage complex deals from opportunity to closing. It is a highly visible, relationship-driven role demanding executive presence, sound judgment, commercial intensity, and the ability to build trust quickly. Success hinges on operating with pace under pressure, adapting to priorities, and uniting people to reach decisions and finalize deals. The role involves leading a team, managing multiple processes simultaneously, and requires regular travel to build relationships, tour assets, and support transaction execution.

Requirements

Bachelor’s degree in finance, real estate, business, economics, or a related field required; advanced degree preferred.
7–10+ years of relevant multifamily investment, acquisitions, dispositions, real estate private equity, investment banking, or related transaction experience.
Demonstrated experience executing complex real estate transactions, including valuation, underwriting, due diligence, negotiation, financing coordination, and closing.
Strong understanding of multifamily markets, real estate fundamentals, capital markets, and transaction structures.
Exceptional executive presence, communication, relationship-building, and influencing skills.
Ability to operate in a high-pressure, fast-moving environment with significant visibility to senior leaders and external stakeholders.

Nice To Haves

Established relationships with brokers, owners, capital partners, or other transaction counterparties preferred.

Responsibilities

Source, evaluate, and advance multifamily acquisition opportunities that align with AIR’s investment strategy.
Lead market coverage and relationship development across assigned markets, building strong connections with brokers, owners, operators, joint venture partners, and other market participants.
Drive disposition processes including broker opinions of value, marketing strategy, buyer outreach, diligence coordination, buyer selection, and closing execution.
Partner with AIR and Blackstone leaders to shape transaction strategy, evaluate risk, and support investment decisions.
Coordinate underwriting, due diligence, investment committee materials, legal documentation, financing coordination, and operational transition planning.
Lead, teach, and mentor a team supporting underwriting and transaction execution, setting clear expectations, building capability, and ensuring the team delivers accurate, timely, and high-quality work.
Negotiate letters of intent, purchase agreements, and transaction terms in coordination with internal stakeholders and external counsel.
Collaborate with Asset Management, Debt Capital Markets, Finance, Legal, Operations, Construction, and other cross-functional teams to ensure disciplined execution.
Manage multiple acquisition and disposition processes simultaneously while maintaining transparency, accountability, and momentum.
Travel regularly to build relationships, tour assets, attend meetings, and support transaction execution; travel is frequent and based on deal flow and market activity.

Benefits

25% Rent Discount available
Medical, dental, vision, and life insurance options available.
HSA with company sponsored contributions, FSA (traditional and dependent care FSA).
Short and long-term disability paid by the company.
401(K) plus 6% company contributions.
Paid Vacation, 14 Paid Holidays, and Paid Sick Time.
Tuition Assistance Program.
Commuter Benefits and Pet-Insurance.
Up to 100% Reimbursement on Professional Certification/Licensing for Job Related Curriculums.
Paid parental leave of up to 16 weeks, following the birth or adoption of a child.
Consumer discounts from various products and services including travel planning, wireless phones, health and fitness, home appliances, and more.
15 hours of paid time annually to give-back to your community.
Opportunities for professional development and career growth including realistic job previews, in person and virtual leadership training, and performance improvement courses.