Manager, Transaction Management

AIR Communities • Chicago, IL

6d • Onsite

About The Position

The Manager, Transaction Management supports acquisitions, dispositions, and debt capital markets transactions through due diligence and closing coordination. The role leads due diligence for assigned acquisitions and dispositions, manages property document reviews and the coordination of due diligence tours and third-party vendors, and serves as a key contact for sellers, buyers, and brokers throughout transactions. The Manager collaborates with Blackstone’s transaction team and AIR departments, including Debt Capital Markets, Investments, Portfolio Strategy, Capex, Asset Management, Risk, Tax, Accounting, Legal, Marketing, Strategic Initiatives, and operating partners. The position also supports closing activities with outside counsel, coordinates asset onboarding and offboarding, manages one or two direct reports, and undertakes targeted projects. Minimal travel is required. The role reports to a Director of Transaction Management and is onsite at an AIR office in New York, Denver, Chicago, Dallas, Atlanta, Los Angeles, or Bethesda.

Requirements

• At least 5 years of relevant real estate experience in asset management, operations, transactions, acquisitions, dispositions, or real estate investment banking.
• Bachelor’s degree in a related field preferred.
• Experience managing others.
• Strong analytical skills and proficiency in Excel and Microsoft Office applications.
• Strong verbal and written communication skills.
• Highly organized, motivated, energetic, and independent, with strong interpersonal skills.
• Demonstrated track record of high achievement in demanding professional and academic settings.
• Excellent references.
• Passion for real estate and investing.

Nice To Haves

• Experience in multifamily real estate and transactions is preferred.

Responsibilities

• Lead and coordinate all aspects of due diligence for multifamily acquisitions, including preparation, onsite visits, internal review calls, document review, closing preparation, closing, and post-closing activities.
• Coordinate disposition processes, including preparation for market, marketing, call of offers, buyer selection, contract, and closing.
• Manage the broker opinion of value (BOV) process, including preparing property materials, answering property questions, managing timelines, and submitting BOVs to Blackstone for review.
• Review property documents, third-party reports, and seller-provided statements of operations; coordinate due diligence tours and third-party vendors.
• Schedule investment due diligence related to operational performance.
• Communicate with the Investments team regarding deal timelines and notable items.
• Serve as the main point of contact with buyers and/or sellers throughout transactions; coordinate new acquisition activity with sellers and disposition activity with brokers and buyers.
• Coordinate with AIR departments to onboard and offboard assets.
• Assist with transaction closing activities, working closely with outside counsel.
• Manage one or two direct reports.
• Perform targeted projects.

Benefits

• 25% rent discount at any AIR community, subject to application requirements and exclusions.
• Medical, dental, vision, and life insurance options.
• HSA/FSA plans.
• Company-paid short- and long-term disability.
• 401(k) plan with up to 6% employer contribution.
• 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.
• Annual target bonus.

What This Job Offers

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