Senior Associate, Investments

AIR Communities • Chicago, IL

15h • $165,000 - $178,500

About The Position

AIR Communities is seeking a Senior Associate, Investments to help optimize the performance of its multifamily portfolio and achieve strong investment returns. The role works closely with asset management and other internal stakeholders to ensure assets pursue appropriate capital-market outcomes and leads disposition activity across the portfolio. The successful candidate will bring a deep understanding of the multifamily investment life cycle, including operational strategies, capital-market activity, market conditions, value-add opportunities, valuations, and disposition execution.

The position oversees asset dispositions from analysis through closing, evaluates hold-or-sell strategies, leads portfolio valuations and scenario analyses, and works with internal teams and external professionals to position assets for optimal capital-market activity. The role also monitors portfolio performance and collaborates with colleagues to adjust business plans when needed. Travel is required.

AIR offers a competitive base salary, annual bonus opportunities, and a range of benefits. The expected base salary is $165,000–$178,500, with the final rate based on the candidate’s skills and experience. Candidates who receive an offer must complete pre-employment screening, including reference checks, a four-panel drug screening that excludes marijuana testing, employment verification, and a criminal background check.

Requirements

• At least 5 years of multifamily asset management, portfolio management, and/or investment experience; ideally in a private equity context covering multiple markets.
• Direct deal-execution experience, including leading multiple simultaneous Purchase Agreement negotiations and closings, specifically for dispositions.
• Ability to read and understand legal documents, including purchase and sale agreements, loan agreements, and title reports.
• Ability to speak confidently and effectively about detailed multifamily operational strategy and investment positioning.
• Strong attention to detail, comprehension, negotiation, and analytical skills.
• Ability to manage multiple projects, meet tight deadlines, and maintain high levels of accuracy.
• Ability to build strong relationships across the organization and quickly establish credibility and trust with colleagues.
• Bachelor’s degree in Finance, Business, or a related field.
• Willingness to travel.

Nice To Haves

• Multifamily investment experience gained in a private equity context covering multiple markets.

Responsibilities

• Oversee and coordinate asset dispositions, including asset analysis, returns evaluation, broker selection, buyer discussions, Purchase and Sale Agreement negotiations, due diligence, and closing.
• Review and provide input on asset strategies intended to maximize investment returns.
• Coordinate hold/sell analyses and formulate strategies accordingly.
• Lead periodic portfolio valuations and scenario-analysis updates.
• Maintain and develop relationships with external parties, including attorneys and brokers, to support disposition objectives.
• Partner with Asset Management, Financial Operations, and Debt Capital Markets to position assets for capital-market activity and flag assets or markets based on actionable trends.
• Review portfolio performance to assess whether asset business plans are on track and collaborate on changes when needed.

Benefits

• Annual bonus opportunity.
• 25% rent discount.
• Medical, dental, vision, and life insurance options.
• Health Savings Account with company-sponsored contributions.
• Flexible Spending Accounts, including traditional and dependent care FSAs.
• Company-paid short- and long-term disability.
• 401(k) with 6% company contributions.
• Paid vacation, 14 paid holidays, and paid sick time.
• Tuition assistance program.
• Commuter benefits.
• Pet insurance.
• Up to 100% reimbursement for job-related professional certification or licensing programs.
• Paid parental leave of up to 16 weeks following the birth or adoption of a child.
• Consumer discounts on products and services, including travel planning, wireless phones, health and fitness, and home appliances.
• 15 hours of paid annual community give-back time.
• Professional development and career growth opportunities, including leadership training and performance improvement courses.

What This Job Offers

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