Real Estate - BREDS (Private Investments), Associate

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Real Estate – BREDS (Private Investments), Associate

Business Unit Description:

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $320 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Job Description:

Blackstone investment professionals will have the opportunity to participate in all aspects of the deal process and be staffed on a number of assignments at once. Due to the relatively small size of the professional staff, team members have the opportunity to assume integral roles on deal teams.

Investment professionals in the BREDS Group have the opportunity to participate in a wide range of real estate debt transactions including:

·       New debt originations, including first mortgage and mezzanine loans, B-notes and preferred equity

·       Acquisitions of legacy loans, CMBS and other forms of public and private debt

·       Structured solutions including synthetic risk transfers and platform investments

·       Restructurings

·       Recapitalizations

Responsibilities (include but are not limited to):

·       Supporting loan and real estate asset underwriting, due diligence, deal structuring and deal execution, including the negotiation of term sheets and financing terms

·       Assisting with identifying, underwriting, pricing, structuring and closing single asset and portfolio loans

·       Providing transactional support as required

·       Participating in internal and external client meetings, the negotiation of contracts and other agreements, and due diligence sessions

·       Traveling domestically to perform property tours and market analysis

·       Directing research of targeted transactions for investment purposes

·       Performing valuation analyses of prospective investment opportunities

·       Overseeing the work of junior team members; especially the design and development of financial models

·       Managing the preparation of written analyses and evaluations of investment opportunities

Qualifications:

Blackstone seeks to hire individuals who are highly motivated and have demonstrated excellence in prior endeavors.  The successful candidate should have the following qualifications:

·       2+ years relevant work experience

·       Competency in all stages of transaction execution

·       High level of competence with respect to analysis, due diligence, and property valuation

·       Experience developing and maintaining market relationships

·       Self-starter, works independently  

·       Some travel may be required

·       Excellent written and verbal communication skills and interpersonal skills

·       Strong attention to detail

·       Strong numerical/quantitative skills

·       Team-oriented, professional, collaborative

·       Professional integrity

·       Results-focused

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.