Real Estate - Core+ BREIT(Strategy & Management), Associate

Blackstone • New York, NY

30d

About The Position

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. Job Description: Real Estate – BREIT (Strategy & Management), Associate Business Unit: Blackstone Real Estate Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $319 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). Title: Associate Job Description and Responsibilities: Blackstone Real Estate Income Trust, Inc. (“BREIT”) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. The BREIT Strategy & Management Associate will work closely with the BREIT team to support the management of all aspects of BREIT, including the development and execution of key strategic initiatives. The role reports to the Chief Operating Officer of BREIT.

Requirements

• Undergraduate degree with strong academic record; Finance, Accounting, Business or Economics preferred
• 2+ years of relevant experience; Real Estate Investing or Investment Banking preferred
• Strong analytical and quantitative skills, with a high degree of organization and attention to detail
• Excellent written and verbal communication skills
• Thrive in a highly collaborative environment with dynamic responsibilities and direct exposure to senior management
• Manage multiple projects concurrently and adapt in a dynamic, evolving environment
• Strong work ethic, professional integrity and a positive, results-oriented attitude

Responsibilities

• Providing analytical support and execution across key strategic initiatives for the fund and its investments, including:
• Fund-level performance metrics and forward-looking performance projections
• Portfolio construction and capital allocation strategy
• Balance sheet management, capital structure, interest rate hedging and financing strategy
• Liquidity management, distributions and cash flow analysis
• Capital raising initiatives and new product development
• Supporting investment activity by evaluating transaction- and portfolio-level considerations, contributing an investment-oriented mindset to strategic and capital allocation decisions
• Preparing materials for and participate in special projects and quarterly Board meetings
• Collaborating with various functions across Real Estate, including Acquisitions, Asset Management, Capital Markets, Shareholder Relations and Finance
• Potential opportunity to provide analytical support for broader Blackstone Real Estate initiatives, including cross-platform projects and ad-hoc strategic analyses for other funds

Benefits

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• paid time off
• life insurance
• 401(k) plan
• discretionary bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees