Real Estate - Asset Management, Associate
About The Position
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $314 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). Associates focused on asset management will work on 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. Associates 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. Associates are expected to assume integral roles on deal teams with typical work including: Real estate and public company valuation analysis Performing analyses to drive investment, financing, capital and sale decisions Leading due diligence and execution of transactions Interfacing with market participants including deal counterparties, external advisors, and platform company leadership Attending site tours Assisting with legal negotiations and due diligence Developing investment budgets, strategic plans, and presenting asset valuations Excel financial modeling Drafting of memoranda and presentations for internal and external use Market research and data analysis
Requirements
- 2+ years of prior investment banking or real estate investment experience
- Strong verbal and written communication skills
- A desire to work in a team environment with dynamic roles
- Strong understanding of accounting, finance, and economics
- Self-motivation to find solutions independently, and humility to acknowledge limits and uncertainties
- Sincere commitment to professional development
- Excellent attention to detail
- Intellectual curiosity
- Good judgment
Responsibilities
- Work on post-acquisition transactions including restructurings/recapitalizations, refinancing, dispositions (public IPOs and private market sales)
- Strategy and execution of value enhancement projects, including lease and management negotiations, capital expenditure execution, and platform company strategy and direction
- Real estate and public company valuation analysis
- Performing analyses to drive investment, financing, capital and sale decisions
- Leading due diligence and execution of transactions
- Interfacing with market participants including deal counterparties, external advisors, and platform company leadership
- Attending site tours
- Assisting with legal negotiations and due diligence
- Developing investment budgets, strategic plans, and presenting asset valuations
- 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
Mid Level
Education Level
No Education Listed
