Work Here?
Overview
AIR Communities is a real estate investment trust that owns and operates a large, diversified portfolio of multifamily apartment communities across the United States. It earns most of its revenue from rental income by leasing units, with additional activity from buying and selling properties to optimize the portfolio. The company acquires, owns, and manages properties, aims to keep occupancy high, and uses its scale to provide steady cash flow and allow public investment through NYSE shares (AIRC) with relatively low leverage. Its goal is to deliver stable, high-quality housing and reliable returns to investors through prudent portfolio management and efficient operations.
About AIR Communities
Industries
Real Estate
Company Size
201-500
Company Stage
IPO
Headquarters
Baltimore, Maryland
Founded
1994
Simplify's Take
What believers are saying
- Blackstone completed $10 billion privatization in July 2024.
- Blackstone invests over $400 million to enhance 76 rental communities.
- Acquired The Elm for $220 million in Bethesda in August 2023.
What critics are saying
- Massachusetts class action sues for illegal security deposit withholding.
- S&P MidCap 400 removes AIR Communities effective June 28, 2024.
- Blackstone's $1.05 billion CMBS sale faces widening spreads.
What makes AIR Communities unique
- AIR Communities owns 77 communities with 27,385 apartments in 10 states.
- Focuses on B/B+ class apartments in high-growth submarkets like Greater Washington DC.
- Employs AIR Edge for resident selection, satisfaction, and best-in-class management.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$1.4B
Above
Industry Average
Funded Over
4 Rounds
Benefits
Health Insurance
401(k) Retirement Plan
Remote Work Options
Unlimited Paid Time Off
Flexible Work Hours
Hybrid Work Options
Stock Options
Company Equity
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
Conference Attendance Budget
Professional Development Budget
Family Planning Benefits
Fertility Treatment Support
Professional Certification Support
Tuition Reimbursement
Adoption Assistance
Childcare Support
Parental Leave
Meal Benefits
Employee Discounts
Legal Services
Relocation Assistance
Performance Bonus
Stock Price
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -2%2 year growth
↑ 3%AIR Communities, a prominent real estate investment trust, has been awarded the Real Estate Top Workplace designation by Energage, a testament to its efforts in creating a supportive and engaging work environment.
Blackstone is selling $1.05 billion of commercial mortgage bonds to help fund its $10 billion acquisition of AIR Communities, an apartment landlord. The debt consists of six tranches with ratings from AAA to BB-. This follows a previous $2.95 billion CMBS sale in July, also backed by AIR Communities properties. Blackstone plans to invest over $400 million to enhance AIR Communities' portfolio. CMBS issuance has reached $69.7 billion this year, with spreads wider than at the start of the year but below last year's levels.
Press releases, portfolio company news, and timely updates on our business.
Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on June 28, 2024. Blackstone Inc. (NYSE: BX) is acquiring Apartment Income REIT, with the deal expected to close soon. Ryan Specialty Holdings will be added to the index under the Financials sector, while Apartment Income REIT will be removed from the Real Estate sector.
Apartment Income REIT Corp. has announced a merger with Apex, Aries, and Astro Purchaser LLCs, with the latter's subsidiary merging into the company.
AIR Communities is Hiring for 122 Jobs on Simplify!
Find jobs on Simplify and start your career today
About AIR Communities
Industries
Real Estate
Company Size
201-500
Company Stage
IPO
Headquarters
Baltimore, Maryland
Founded
1994
AIR Communities is Hiring for 122 Jobs on Simplify!
Find jobs on Simplify and start your career today