Director of Investments

Company Description

AIR Communities is a Blackstone portfolio company and one of the country’s leading real estate investment firms, focused on creating value through high-quality apartment communities, exceptional resident experiences, and disciplined investment and asset management. AIR is part of a scaled residential platform focused on meeting the need for high-quality, professionally managed rental housing. We create value by investing in our communities, elevating the resident experience, strengthening operations, and applying disciplined investment and asset management practices.

Today, AIR brings together the strengths of a scaled operating platform, deep multifamily expertise, and a performance-oriented investment mindset. Our purpose is simple: create exceptional living experiences for residents, provide a supportive environment where teammates can do meaningful work, and generate durable value for investors. We do that by combining centralized capabilities, data-driven decision making, strong local execution, and a culture rooted in integrity, respect, collaboration, customer focus, and performance.

Job Description

Our offices are located in New York, Denver, Chicago, Dallas, Atlanta, LA, and Bethesda. Candidates based in one of these locations are preferred; however, candidates outside of these markets may also be considered.

AIR is seeking a Director, Investments to serve as market lead for acquisition and disposition activity across assigned market coverage. This highly visible role will identify, evaluate, negotiate, and execute transactions, while partnering closely with AIR and Blackstone leaders to move complex deals from opportunity through closing.

This is a relationship-driven, high-accountability role for an investment professional who brings executive presence, sound judgment, commercial intensity, and the ability to build trust quickly with internal and external stakeholders. Success requires someone who can operate with pace under pressure, adapt to a wide range priorities, and bring people together to reach decisions and get deals across the finish line.

What Success Looks Like

• Builds durable relationships with brokers, owners, partners, AIR leaders, and Blackstone stakeholders that create access to high-quality investment opportunities.
• Leads transactions with discipline, urgency, and sound judgment, balancing speed with appropriate diligence and risk management.
• Navigates pressure and ambiguity with composure, credibility, and a solutions-oriented mindset.
• Brings together stakeholders with different priorities to create alignment, resolve issues, and advance shared outcomes.
• Represents AIR with professionalism, executive presence, and strong market credibility.

Key Responsibilities

• Source, evaluate, and advance multifamily acquisition opportunities that align with AIR’s investment strategy.
• Lead market coverage and relationship development across assigned markets, building strong connections with brokers, owners, operators, joint venture partners, and other market participants.
• Drive disposition processes including broker opinions of value, marketing strategy, buyer outreach, diligence coordination, buyer selection, and closing execution.
• Partner with AIR and Blackstone leaders to shape transaction strategy, evaluate risk, and support investment decisions.
• Coordinate underwriting, due diligence, investment committee materials, legal documentation, financing coordination, and operational transition planning.
• Lead, teach, and mentor a team supporting underwriting and transaction execution, setting clear expectations, building capability, and ensuring the team delivers accurate, timely, and high-quality work.
• Negotiate letters of intent, purchase agreements, and transaction terms in coordination with internal stakeholders and external counsel.
• Collaborate with Asset Management, Debt Capital Markets, Finance, Legal, Operations, Construction, and other cross-functional teams to ensure disciplined execution.
• Manage multiple acquisition and disposition processes simultaneously while maintaining transparency, accountability, and momentum.
• Travel regularly to build relationships, tour assets, attend meetings, and support transaction execution; travel is frequent and based on deal flow and market activity.

Leadership Expectations

• Lead Self: Executes with urgency, discipline, and accountability; communicates clearly and proactively; adapts quickly as deal dynamics change; and makes fast, simple, good decisions using sound judgment.
• Lead Others: Builds trust through credibility, humility, and follow-through; brings others along through influence rather than authority; collaborates across teams; and helps create alignment among stakeholders with competing priorities.
• Lead the Business: Acts like an owner, understands the markets and numbers, evaluates risk thoughtfully, drives change and continuous improvement, and delivers measurable outcomes that support enterprise performance.
• Director Scope: Sets direction for a portfolio or function, leads complex cross-functional work with enterprise impact, partners closely with senior and executive leadership, and is accountable for sustained execution and results at scale.

Qualifications

• Bachelor’s degree in finance, real estate, business, economics, or a related field required; advanced degree preferred.
• 7–10+ years of relevant multifamily investment, acquisitions, dispositions, real estate private equity, investment banking, or related transaction experience.
• Demonstrated experience executing complex real estate transactions, including valuation, underwriting, due diligence, negotiation, financing coordination, and closing.
• Strong understanding of multifamily markets, real estate fundamentals, capital markets, and transaction structures.
• Established relationships with brokers, owners, capital partners, or other transaction counterparties preferred.
• Exceptional executive presence, communication, relationship-building, and influencing skills.
• Ability to operate in a high-pressure, fast-moving environment with significant visibility to senior leaders and external stakeholders.

Additional Information

AIR offers attractive total compensation packages designed to recognize and reward performance at the individual, team and company levels. We start with a competitive base salary and add bonus opportunities and benefit choices topped off with:

• Expected base salary of $230,000- $260,000 +Annual 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 available
• Medical, dental, vision, and life insurance options available. HSA with company sponsored contributions, FSA (traditional and dependent care FSA).
• Short and long-term disability paid by the company.
• 401(K) plus 6% company contributions.
• Paid Vacation, 14 Paid Holidays, and Paid Sick Time.
• Tuition Assistance Program.
• Commuter Benefits and Pet-Insurance.
• Up to 100% Reimbursement on Professional Certification/Licensing for Job Related Curriculums.
• Paid parental leave of up to 16 weeks, following the birth or adoption of a child.
• Consumer discounts from various products and services including travel planning, wireless phones, health and fitness, home appliances, and more.
• 15 hours of paid time annually to give-back to your community.
• Opportunities for professional development and career growth including realistic job previews, in person and virtual leadership training, and performance improvement courses.

What You Need to Know

Application Deadline**: The initial deadline for applications is** 10/31/2026. 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.

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.