Real Estate - Asset Management, Analyst
About The Position
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $315 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). Analysts focused on asset management will support post-acquisition transactions including restructurings/recapitalizations, refinancing, dispositions (public IPOs and private market sales), as well as the strategy and execution of value enhancement projects, including lease and management negotiations, capital expenditure execution, and platform company strategy and direction. Analysts at Blackstone have the opportunity to participate in all aspects of projects and can expect to be staffed on a number of assignments at one time.
Requirements
- 1+ years of relevant experience; internship experience in investment banking, real estate, or finance preferred
- Strong academic record
- Proficiency in Excel and PowerPoint
- Strong verbal and written communication skills
- A desire to work in a team environment with dynamic roles
- Strong understanding of accounting, finance, and economics
- Eagerness to learn in a fast-paced environment
- Sincere commitment to professional development
- Excellent attention to detail
- Intellectual curiosity
- Good judgment
Nice To Haves
- Real estate coursework or demonstrated interest in real estate investing a plus
Responsibilities
- Building and maintaining detailed financial models (go-forward return models, next buyer models, DCFs, development pro formas)
- Building analyses to support investment, financing, capital and sale decisions
- Real estate and public company valuation analysis
- Supporting due diligence and transaction execution under senior team direction
- Assisting in the preparation of materials for deal counterparties, external advisors, and platform company leadership
- Attending site tours
- Assisting with legal negotiations and due diligence
- Assisting in the development of investment budgets, strategic plans, and asset valuations
- Tracking portfolio performance metrics and preparing recurring reports
- Excel financial modeling
- Drafting of memoranda and presentations for internal and external use
- Market research and data analysis
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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
