Director of Investments

• Compensation: USD 230000 - USD 260000 - yearly

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.

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…