Manager, Transaction Management

AIR Communities • Dallas, IL

4d • Onsite

About The Position

The Manager, Transaction Management will support transactions (acquisitions, dispositions and debt capital markets) due diligence and closing coordination. The ideal candidate must exhibit organization and strong communication skills across multiple platforms and passion for multifamily real estate. In addition, the ideal candidate will have at least 5 years of transaction experience in real estate acquisitions, dispositions, asset management, operations, or real estate investment banking. This role will report to a Director of Transaction Management and will lead due diligence on respective assigned acquisitions and dispositions for AIR. The candidate will manage and assist in reviewing property documents and the coordination of due diligence tours and third-party vendors. This person will be the lead point of contact with all sellers to coordinate new acquisition activity, communicating with both Blackstone’s transaction team as well as the AIR team (Debt Capital Markets, Investments, Portfolio Strategy, Capex, Asset Management, Risk, Tax, Accounting and Legal Teams). This person will also assist in closing activities, working closely with Outside Counsel. The Manager, Transaction Management, will also be point of contact with brokers and buyers on dispositions. This role will work with the AIR team, including Debt Capital Markets, Investments, Portfolio Strategy, Asset Managers, Marketing, Strategic Initiatives, Legal, Outside Counsel, Capex Directors, and Operating partners to coordinate Broker Opinion of Values, diligence materials and work with the buyer/broker through the sale process.

Requirements

• 5+ years of relevant real estate experience (asset management, operations, transactions (dispositions or acquisitions))
• Demonstrated track record of high achievement in demanding professional and academic settings
• Experience in managing others
• Superior analytical skills with proficiency in Excel and all Microsoft office applications
• Strong verbal and written communication skills
• Highly organized, motivated, energetic and independent with strong interpersonal skills
• Excellent references

Nice To Haves

• Bachelor's degree in a related field preferred
• Passion for real estate and investing
• Experience in multi-family real estate and transactions preferred

Responsibilities

• Manage the coordination of all aspects of due diligence for new multifamily acquisitions including, prepping for DD, onsite visits, internal review calls, DD document review, prepping for closing, closing, and post-closing activities.
• Manage the coordination of all aspects of the disposition process including, preparing for market, actively marketing, call of offers (CFO), buyer selection and under contract, and closing phases.
• Manage the broker opinion of value (BOV) process including, preparing property materials for brokers, assisting in answering property questions, managing BOV timelines, submitting BOV’s to BX for review.
• Manage the review of documents and coordination of due diligence, tours, and third-party vendors.
• Review third party reports and seller provided statements of operations.
• Schedule investment due diligence related to operational performance.
• Communicate closely with the Investments team on deal timelines and notable items.
• Serve as main point of contact with Buyers and/or Sellers throughout the life of the deal.
• Communicate with other AIR departments ensuring proper coordination to onboard and offboard assets.
• Manage one or two direct reports.
• Perform targeted projects.

Benefits

• 25% Rent Discount at any AIR community (a rental application is required, and certain exclusions apply).
• Medical, dental, vision , and life insurance options, HSA/FSA plans, short and long-term disability paid by the company.
• 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 program and up to 100% reimbursement for job-related certifications and licenses.
• 15 hours of paid time annually for community service .
• Commuter benefits and pet insurance.
• Consumer discounts on various products and services.
• Opportunities for ongoing professional development, leadership training, and career growth .

What This Job Offers

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