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AIR Communities

Multifamily housing REIT and operator

Project Manager 1

Full-TimeUpdated on 10/23/2026Deadline 10/23/26
$75k - $80k/yr+ Annual bonus
Junior
Bachelor's
Bethesda, MD, USA
In PersonTravel approximately 25% to properties within the portfolio for site visits, project monitoring, and vendor support.
Project & Program ManagementProject Management

About the job

Requirements
  • At least 1 year of project management experience, preferably supporting renovation, construction, facilities, asset enhancement, or property-related projects.
  • Strong organizational, time management, and communication skills.
  • Ability to manage multiple priorities in a fast-paced environment.
  • Collaborative approach and a track record of building relationships across departments and with external vendors.
  • Proficiency with project tracking, budgeting, and reporting tools.
  • Ability and willingness to travel up to 25% for property visits, project oversight, vendor coordination, and stakeholder meetings.
Responsibilities
  • Manage small-scale capital improvement projects and support larger asset enhancement initiatives, including common area renovations, unit renovations, and smart home technology upgrades.
  • Partner with internal stakeholders and vendors to define project objectives, establish timelines, manage budgets, and drive project execution.
  • Coordinate project teams, resources, and schedules to ensure projects are completed on time, within scope, and within budget.
  • Manage projects typically ranging from $10K to $75K while supporting larger renovation and asset enhancement programs.
  • Use project management best practices, including scope management, requirements gathering, risk identification, project tracking, and stakeholder communication.
  • Provide regular project updates and reporting to leadership and key stakeholders.
  • Oversee ongoing contract services and break-fix activities for assigned systems and asset categories.
  • Travel approximately 25% to properties within the portfolio to conduct site visits, monitor project progress, support vendors, and ensure successful project execution.
  • Develop scopes of work, project estimates, budgets, and schedules with guidance from management.
  • Lead project kickoff meetings and ongoing status reviews, ensuring alignment among stakeholders and project team members.
  • Identify project risks and escalate issues to minimize scope creep, schedule delays, and budget overruns.
  • Manage annual and long-term project budgets for assigned initiatives.
  • Coordinate the full contract lifecycle, including bidding, vendor selection, contract negotiation, and execution.
  • Prepare and deliver weekly project status reports to leadership, highlighting progress, risks, and key milestones.
Desired Qualifications
  • A bachelor's degree or equivalent experience is preferred.

About the company

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.

Company Size

501-1,000

Company Stage

Acquired

Total Funding

$1.4B

Headquarters

Baltimore, Maryland

Founded

1994

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Simplify Jobs

Simplify's Take

What believers are saying

  • Blackstone plans over $400 million of portfolio upgrades after the June 2024 closing.
  • Private ownership removes quarterly public-market pressure, enabling longer renovation timelines.
  • AIR's coastal assets in Miami, Los Angeles, Boston, and D.C. attract institutional capital.

What critics are saying

  • Massachusetts tenants sued AIR in 2024 over illegal security-deposit deductions, risking class damages.
  • D.C. settled voucher-discrimination claims in July 2024, forcing policy changes and oversight.
  • As a Blackstone subsidiary, AIR's employer brand now competes with broader portfolio companies.

What makes AIR Communities unique

  • Blackstone completed AIR Communities' $10 billion privatization on June 28, 2024.
  • AIR owns 77 communities and 27,385 apartment homes across 10 states.
  • Its coastal-market concentration and Blackstone capital distinguish AIR from smaller apartment operators.

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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

Growth & Insights and Company News

6 month growth

0%

1 year growth

-4%

2 year growth

1%
Fisher Vista LLC
Jul 24th, 2025
AIR Communities Recognized as a Real Estate Top Workplace by Energage

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.

The Business Times
Sep 11th, 2024
Blackstone Sells $1.05B CMBS for AIR Buyout

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.

Blackstone
Jun 28th, 2024
Blackstone Real Estate to Take AIR Communities Private for Approximately $10 Billion - Blackstone

Press releases, portfolio company news, and timely updates on our business.

PR Newswire
Jun 20th, 2024
Ryan Specialty Holdings Joins S&P MidCap 400

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.

TipRanks
Jun 14th, 2024
Apartment Income REIT's Strategic Merger with Apex-Aries-Astro Entities

Apartment Income REIT Corp. has announced a merger with Apex, Aries, and Astro Purchaser LLCs, with the latter's subsidiary merging into the company.