Senior Associate, Asset Management

Brio Real Estate, a Blackstone Portfolio Company

83d

About The Position

In 2025, Blackstone established Brio Real Estate (“Brio”) as a portfolio company focused on real estate credit. Brio is a specialized global commercial real estate asset services platform that manages and supports Blackstone’s Real Estate Debt Strategies business (“BREDS”) across the globe. Today, BREDS has more than $76 billion in investor capital across high yield / opportunistic real estate credit funds, a publicly traded Mortgage REIT, CMBS securities and insurance capital. Brio is a sophisticated real estate credit solutions provider that enhances value for investors and supports BREDS across key functions, including asset management, transactions, capital markets, surveillance, portfolio management and legal & compliance. Brio provides critical infrastructure and capabilities for BREDS to allow for effective investments and management of its global portfolio. Blackstone is the world’s largest alternative asset manager with more than $1 trillion in assets under management. Blackstone’s scale, with roughly 12,700 real estate assets and over 240 portfolio companies, enables them to invest in dynamic sectors positioned for long-term growth. The firm seeks to deliver compelling returns for institutional and individual investors by building strong businesses that deliver lasting value. The Senior Associate, Asset Management will oversee a diversified portfolio of intricate debt investments, secured by various types of commercial real estate. This encompasses a broad range of projects from significant ground-up constructions, renovations, to capital improvements and leasing endeavors. The assets under management will include a mix of transitional or value-added properties across major U.S. markets. These properties span across different sectors such as office spaces, retail outlets, industrial sites, multifamily units, condominiums, student housing, and hospitality venues.

Requirements

• Bachelor's degree in finance, accounting, real estate, or a related discipline required.
• 3+ years of experience in debt asset management or loan servicing is mandatory.
• Must have proficiency in Microsoft Excel, Word, and Outlook.
• Demonstrated understanding of complex commercial real estate structured-finance transactions is essential.
• Knowledge of commercial real estate transactions, industry terminology, and capital markets is required.
• Exceptional communication abilities, including the capacity to articulate complex ideas clearly in both writing and speech.
• Skilled in interpreting intricate credit and legal documentation.
• Strong analytical capabilities and mathematical proficiency are crucial.
• The candidate should possess the ability to manage multiple tasks simultaneously and adhere to deadlines.
• Team-oriented, ready to collaborate and contribute to collective goals.
• Advanced proficiency in Excel, including ability to build complex Excel worksheets preferred.
• Ability to travel 10-15%.

Responsibilities

• Interpret complex loan agreements to accurately apply loan terms in asset management activities.
• Work closely with various internal teams to streamline asset servicing and ensure precise and prompt reporting.
• Oversee the draw process, ensuring all pre-funding conditions are met in line with credit agreements for construction, leasing, and capital expenditures.
• Facilitate the funding process in collaboration with lenders, their syndicates, co-lenders, and note-on-note financiers.
• Analyze lease proposals, drafting recommendation memos for clients.
• Engage with external consultants, including legal advisors, title agents, brokers, leasing/sales agents, and construction experts.
• Employ a range of software and applications to manage and monitor data related to properties, borrowers, and asset performance.
• Organize and assess monthly financial statements from borrowers, along with other required reports.
• Manage the collection and evaluation of annual operating and capital budgets.
• Assess the ongoing performance of operating properties by reviewing rent rolls, operating statements, and collection reports.
• Evaluate proposed cash management distributions to ensure accurate application according to cash flow waterfalls.
• Conduct regular covenant compliance checks as per loan documentation (e.g., Debt-Yield, Loan-to-Value, Debt Service Coverage Ratio).
• Generate and maintain monthly asset reports and quarterly reporting packages that include analysis of investment performance.
• Coordinate with the tax and insurance teams to oversee insurance coverage, tax payments, and escrow requirements.
• Approve annual operating and capital budgets as well as proposed tenant leases.
• Mentor financial analysts, fostering their professional development and enhancing their skills.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree