Investments Analyst

AIR Communities • Chicago, IL

4d • Onsite

About The Position

AIR Communities is seeking an Investments Analyst to support AIR Communities and Blackstone deal teams in underwriting, evaluating, acquiring, and disposing of multifamily assets across Blackstone investment vehicles. The role provides exposure to senior stakeholders, including Blackstone executives, and involvement in complex real estate transactions. The platform has transacted more than $21 billion in multifamily assets since 2018. The position reports to a Market Leader on the Investments Team and is in-office five days a week.

Requirements

• Bachelor’s degree in finance, real estate, economics, accounting, business, or a related analytical field.
• 0–2+ years of relevant experience in real estate investments, acquisitions, asset management, investment banking, deal advisory, transaction services, valuation, private equity, or a comparable analytical finance role.
• Advanced financial modeling skills, including discounted cash flow analysis, return metrics, debt and equity structures, scenario analysis, and transaction-level underwriting.
• Ability to evaluate investment opportunities, identify key risks and value drivers, and translate complex analysis into clear recommendations.
• Exceptional attention to detail, judgment, and ownership, with ability to produce polished, executive-ready work under tight timelines.
• Professional presence and strong written and verbal communication skills, including confidence and maturity to interact with senior leaders, investment partners, and external counterparties.
• Strong proficiency in Excel and PowerPoint.

Nice To Haves

• Direct multifamily, residential, or broader commercial real estate transaction experience.
• Experience supporting acquisitions, dispositions, Investment Committee materials, valuation analysis, diligence, or transaction execution.
• Experience with real estate data platforms, business intelligence tools, or investment management systems.
• Ability and interest to grow within the Investments Team and take on increasing responsibility over time.
• Some travel may be required depending on team needs.

Responsibilities

• Support real estate investment underwriting, including financial models, sensitivity analyses, valuation work, and investment returns analysis for acquisitions, dispositions, value-add, yield-oriented, and opportunistic strategies.
• Lead internal reporting processes and deliverables.
• Work within and refine complex Excel-based models, maintaining accuracy, technical rigor, and attention to detail.
• Support acquisition and disposition processes from initial screening through closing, including diligence, pricing analysis, buyer feedback tracking, valuation support, and recommendation materials.
• Review and analyze offering materials, broker packages, diligence information, third-party reports, market data, and internal operating assumptions.
• Manage multiple live deal workstreams in a fast-paced environment.
• Support the preparation of Investment Committee materials, transaction summaries, executive presentations, and supporting analyses for senior AIR and Blackstone stakeholders.
• Translate complex financial analysis into clear, concise recommendations for investment decision-making.
• Communicate with internal leaders and external parties, including brokers, operators, appraisers, consultants, lenders, and third-party vendors.
• Analyze market fundamentals, capital markets trends, demographic data, competitive positioning, and submarket or micro-location dynamics.
• Partner with Blackstone investment professionals and AIR’s Transaction Management, Operations, Asset Management, Capital, and market leadership teams.
• Contribute to special projects involving investment strategy, portfolio growth, process improvement, business intelligence, and team infrastructure.

Benefits

• 25% rent discount at any AIR community, subject to rental application and exclusions.
• Medical, dental, vision, and life insurance options.
• HSA/FSA plans.
• Short- and long-term disability paid by the company.
• 401(k) plan with employer matching contribution up to 6%.
• Paid time off, including vacation, sick time, and 14 holidays.
• Paid parental leave of up to 16 weeks.
• Tuition assistance and up to 100% reimbursement for job-related certifications and licenses.
• 15 hours of paid community-service time annually.
• Commuter benefits.
• Pet insurance.
• Consumer discounts on various products and services.
• Ongoing professional development, leadership training, and career growth opportunities.
• Targeted annual bonus opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level