Senior Analyst, Investments & Acquisitions

AIR Communities (A Blackstone Portfolio Company) is one of the country's largest owners and operators of multifamily housing, managing high-quality communities across the country. We value integrity, respect, collaboration, customer focus, and performance. This role is eligible to sit in our Chicago, IL office (Willis Tower) or our Denver, CO headquarters. This is an in-office, on-site five days per week opportunity.

About the role

Join one of the most active multifamily investment platforms in the industry. As Senior Analyst, Investments & Acquisitions, you will play a highly visible role supporting AIR Communities and Blackstone deal teams in the underwriting, evaluation, acquisition, and disposition of multifamily assets across Blackstone investment vehicles. This is an opportunity for a technically strong, detail-oriented investment professional to gain direct exposure to senior stakeholders, including Blackstone executives, while working on complex, high-value real estate transactions.

Since 2018, the platform has transacted more than $21 billion in multifamily assets, offering exceptional deal flow, mentorship from experienced real estate investors, and access to proprietary business intelligence, specialist teams, and industry-leading technology. This role reports to a Market Leader on the Investments Team.

Responsibilities

• Lead and support real estate investment underwriting, including detailed financial models, sensitivity analyses, valuation work, and investment returns analysis for acquisitions, dispositions, value-add, yield-oriented, and opportunistic strategies.
• Evaluate potential transactions by synthesizing asset-level performance, historical operating results, capital needs, rent growth assumptions, market fundamentals, and investment risk factors.
• Build, audit, and refine complex Excel-based models with a high degree of accuracy, technical rigor, and attention to detail.
• Support acquisition and disposition processes from initial screening through closing, including diligence, pricing analysis, buyer feedback tracking, valuation support, and recommendation materials.
• Review and analyze offering materials, broker packages, diligence information, third-party reports, market data, and internal operating assumptions.
• Manage multiple live deal workstreams with urgency, precision, and ownership in a fast-paced, high-visibility environment.
• Prepare polished Investment Committee materials, transaction summaries, executive presentations, and supporting analyses for senior AIR and Blackstone stakeholders.
• Translate complex financial analysis into clear, concise recommendations that support investment decision-making.
• Communicate professionally with internal leaders and external parties, including brokers, operators, appraisers, consultants, lenders, and third-party vendors.
• Analyze market fundamentals, capital markets trends, demographic data, competitive positioning, and submarket or micro-location dynamics.
• Partner closely with Blackstone investment professionals and AIR’s Transaction Management, Operations, Asset Management, Capital, and market leadership teams.
• Contribute to special projects related to investment strategy, portfolio growth, process improvement, business intelligence, and team infrastructure.

Requirements

• Bachelor’s degree in finance, real estate, economics, accounting, business, or a related analytical field.
• 2–4+ years of relevant experience in real estate investments, acquisitions, asset management, investment banking, deal advisory, transaction services, valuation, private equity, or a comparable analytical finance role.
• Advanced financial modeling skills, including discounted cash flow analysis, return metrics, debt and equity structures, scenario analysis, and transaction-level underwriting.
• Strong technical foundation with the ability to evaluate investment opportunities, identify key risks and value drivers, and translate complex analysis into clear recommendations.
• Exceptional attention to detail, judgment, and ownership, with the ability to produce polished, executive-ready work product under tight timelines.
• Professional presence and strong written and verbal communication skills, with the confidence and maturity to interact with senior leaders, investment partners, and external counterparties.
• Strong proficiency in Excel and PowerPoint.

Preferred Qualifications

• Direct multifamily, residential, or broader commercial real estate transaction experience.
• Experience supporting acquisitions, dispositions, Investment Committee materials, valuation analysis, diligence, or transaction execution.
• Experience with real estate data platforms, business intelligence tools, or investment management systems.
• Ability and interest to grow within the Investments Team and take on increasing responsibility over time.
• Some travel may be required depending on team needs.

Benefits

• Competitive base salary of $118,000–$125,000, plus annual bonus.
• 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 matching 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.