Manager, Transaction Management

AIR Communities • Chicago, IL

2d • Onsite

About The Position

The Manager, Transaction Management supports multifamily real estate acquisitions, dispositions, and debt capital markets transactions, with responsibility for due diligence and closing coordination. The role leads due diligence on assigned acquisitions and dispositions, reviews property documents, coordinates due diligence tours and third-party vendors, and serves as a primary point of contact with sellers, buyers, and brokers. It coordinates with Blackstone’s transaction team and AIR teams across Debt Capital Markets, Investments, Portfolio Strategy, Capex, Asset Management, Risk, Tax, Accounting, Legal, Marketing, Strategic Initiatives, and operations. The position also supports closing activities with outside counsel and coordinates asset onboarding and offboarding. The role manages one or two direct reports, performs targeted projects, and requires minimal travel. It reports to a Director of Transaction Management.

This is an onsite opportunity available at AIR offices 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, or dispositions.
• 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.
• Passion for real estate and investing.
• Excellent references.

Nice To Haves

• Bachelor’s degree in a related field preferred.
• Experience in multifamily real estate and transactions preferred.

Responsibilities

• Lead due diligence for assigned acquisitions and dispositions.
• Coordinate all aspects of acquisition due diligence, including preparation, onsite visits, internal review calls, document review, closing preparation, closing, and post-closing activities.
• Coordinate disposition processes, including preparation for market, active marketing, call of offers, buyer selection, contract, and closing phases.
• Manage the broker opinion of value process, including preparing property materials, helping answer property questions, managing timelines, and submitting opinions 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 deal timelines and notable items to the Investments team.
• Serve as the main point of contact with buyers and/or sellers throughout transactions; coordinate acquisition activity with sellers and disposition activity with brokers and buyers.
• Coordinate with AIR departments to onboard and offboard assets.
• Assist with 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 rental application 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: Mid Level