Sr. Associate, Asset Management (Debt/Private Credit)

Brio Real Estate • Dallas, TX

3d

About The Position

Brio Real Estate is a Blackstone Real Estate portfolio company focused on real estate credit. Brio supports Blackstone’s Real Estate Debt Strategies (“BREDS”) investments across the globe. The company provides support across key functions, including corporate, transaction, and management services. The critical infrastructure and capabilities Brio provides for BREDS allows for effective support in the management of its global portfolio. Today, BREDS has more than $76 billion of investor capital across high yield / opportunistic real estate credit funds, a publicly traded Mortgage REIT, and liquid securities strategies. BREDS is part of Blackstone Real Estate, the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector. Position Overview: We are seeking a Sr. Associate, Asset Management (Debt/Private Credit) to work with other team members to deliver thoughtful, detail-oriented, best-in-class service to our client. The candidate will be responsible for providing timely, accurate, and actionable information for analysis in support of the Asset Management platform across debt structures and multiple property types (office, retail, industrial, multifamily, student-housing, hospitality). This role includes interfacing with Borrowers, Servicers and client representatives, so the candidate must possess awareness and ability to interact with others in a professional manner. The ideal candidate will be able to thrive in a collaborative work environment but must also possess the drive and initiative to succeed in an independent work environment and must be willing to ask questions whenever certain concepts and/or assignments are not understood.

Requirements

• Bachelor’s Degree in real estate, finance or accounting.
• 2-4 years of relevant work experience.
• Desire to succeed in a team-structured, fast-paced environment.
• Understanding of commercial real estate transactions and industry terms.
• Understanding of commercial real estate valuation principles and concepts.
• Understanding of real estate property types and related lease types.
• Ability to multi-task and meet deadlines.
• Strong analytical and mathematical skills.
• Strong written and oral communication skills.
• Proficiency in Microsoft Excel, Word and Outlook.
• Ability to travel 5%

Nice To Haves

• Knowledge of property insurance and tax.
• Advanced Excel skills.

Responsibilities

• Establish and maintain deal cash flow projection models and quarterly/annual valuation models.
• Coordinate and review Borrower requests in a timely and thorough manner.
• Prepare quantitative analysis of budgeted, actual, and projected cash flows.
• Complete various ad hoc financial analysis and data requests in a timely manner when requested.
• Monitor and review progress of business plans and capital budgets.
• Complete review and analysis of proposed industrial, office and retail leases.
• Monitor covenant compliance per loan documents.
• Review and analysis of monthly, quarterly and annual operating statements and rent rolls.
• Review and analysis of annual operating and capital budgets.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level