Manager, Transaction Management
About The Position
AIR Communities is seeking a Manager, Transaction Management to support 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 review and coordinates diligence tours and third-party vendors. The position is the main point of contact with sellers on acquisitions and with brokers and buyers on dispositions, coordinating with Blackstone’s transaction team and AIR departments throughout each transaction. It also supports closing activities with outside counsel and coordinates asset onboarding and offboarding. The role reports to a Director of Transaction Management and manages one or two direct reports. Minimal travel is required. This is an onsite opportunity based in one of AIR’s offices in New York, Denver, Chicago, Dallas, Atlanta, Los Angeles, or Bethesda. The posted annual pay range is $125,000–$140,000, plus an annual target bonus.
Requirements
- At least 5 years of relevant real estate experience in asset management, operations, transactions, acquisitions, or dispositions.
- Experience managing others.
- Superior 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
- Bachelor’s degree in a related field.
- Experience in multifamily real estate and transactions.
Responsibilities
- Lead and coordinate all due-diligence activities for multifamily acquisitions, including preparation, onsite visits, internal review calls, document review, closing preparation, closing, and post-closing activities.
- Coordinate disposition processes, including preparing properties for market, marketing, calls for offers, buyer selection, contract, and closing.
- Manage the broker opinion of value process, including preparing property materials, helping answer property questions, managing timelines, and submitting BOVs to Blackstone for review.
- Review property documents and coordinate 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 deal timelines and notable items to the Investments team.
- Serve as the main point of contact with buyers and/or sellers throughout each deal.
- Coordinate with AIR departments to support asset onboarding and offboarding.
- Assist with transaction closing activities in coordination with outside counsel.
- Manage one or two direct reports.
- Perform targeted projects.
Benefits
- 25% rent discount at an AIR community, subject to 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 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 products and services.
- Professional development, leadership training, and career growth opportunities.
- Annual target bonus.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
