Manager, Transaction Management

AIR Communities; Chicago (IL); On-site; USD 125,000 - 140,000; Full time

Benefits offered by this job

Rent discount

Insurance options

401(k) plan

Paid time off

Parental leave

Tuition assistance

Community service time

Commuter benefits

Employee discounts

Professional development

Job summary

AIR Communities, a Blackstone portfolio company, seeks a Manager, Transaction Management to coordinate due diligence and closing workflows for multifamily acquisitions and dispositions. You will lead due diligence, review property documents, and liaison with internal teams and outside counsel to ensure smooth closings.

You have 5+ years in real estate transactions, strong analytical and communication skills, and comfort coordinating cross-functional teams across AIR and Blackstone.

Qualifications

• Bachelor's degree in a related field preferred.
• 5+ years of real estate experience (asset management, operations, transactions).
• Demonstrated leadership and ability to manage others.
• Strong analytical skills with proficiency in Excel and Microsoft Office.

Responsibilities

• Coordinate all aspects of due diligence for acquisitions, including on-site visits and document review.
• Manage dispositions processes from market prep to closing phases.
• Lead Broker Opinion of Value (BOV) workflows and timelines.
• Review third party reports and seller statements of operations.
• Serve as main point of contact with Buyers and Sellers throughout the deal lifecycle.
• Collaborate with AIR and Blackstone teams to ensure proper onboarding/offboarding of assets.

Skills

Real estate

Due diligence

Project coordination

Communication

Leadership

Education

Bachelor's degree in a related field

Tools

Excel

Job description

Company Description

AIR Communitiesis a Blackstone portfolio company headquartered in Denver, CO. We are one of the country's largest owners and operators of multifamily housing, managing high-quality properties in most major markets.

At AIR,we value integrity, respect, collaboration, customer focus, and performance. These values are brought to life by our teammates, who are ultimately responsible for our success. When you join our team, you'll work alongside the most dedicated professionals in the industry andopen the door to unlimited career opportunities.

Where You Will Work

This opportunity is onsite and can be located in any of our offices. We have offices in New York, Denver, Chicago, Dallas, Atlanta, LA, or Bethesda.

Job Description

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.

• 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.
• Minimal travel required.

Qualifications

• Bachelor's degree in a related field preferred
• 5+ years of relevant real estate experience (asset management, operations, transactions (dispositions or acquisitions))
• Passion for real estate and investing
• Experience in multi-family real estate and transactions preferred
• 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

What We Offer

• Expected pay rate of $125,000-$140,000 plus annual target bonus. You will be provided a pay rate that is in line with your skills and experience as they relate to the requirements of the job.
• 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 You Need to Know

Application Deadline: The initial deadline for applications is 11/10/2026. Applications submitted after this date may still be considered on a rolling basis until the position/program is filled. We encourage all interested candidates to apply as early as possible. If a final decision has not been made by the initial deadline, subsequent applications will be reviewed as they are received.

Candidates extended an offer will be required to undergo pre-employment screening that includes checking references, a four-panel drug screening that excludes marijuana testing, employment verification & criminal background check.

AIR values diversity and provides equal employment opportunities to all employees and applicants for employment. AIR prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.