2024 Blackstone Real Estate Debt Strategies Asset Management Analyst
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $333 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, residential, office, hospitality and retail. 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), a U.S. non-listed REIT, and Blackstone’s European yield-oriented strategy. 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).
At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals and students in every area of the firm. Our employees’ passion for their work and commitment to their clients have helped Blackstone become one o the most respected financial institutions and a trusted partner for some of the largest investors in the world.
Blackstone’s Analyst Program offers learning and development opportunities to help advance our employees’ career across a number of areas: investing skills, leadership and management, communication and technology, among others. The Program offers the ability to work with professionals across all business units, and a robust mentorship experience to allow the participants to be fully immersed in the Blackstone culture.
Blackstone’s Real Estate Debt Strategies Group offers Analysts work on a professional team whose work involves the financing of real estate-related companies, portfolios of real estate assets and individual properties worldwide. Analysts at Blackstone have the opportunity to participate in all aspects of real estate investing and can expect to be staffed on a number of transactions at once. Analysts are involved with the development, structuring and financing of transactions and regularly attend both internal and external meetings, negotiations and due diligence sessions.
Real Estate Debt Strategies, Asset Management
BREDS Asset Management Analysts will work on all aspects of real estate loan asset management and be staffed on a number of assignments at once. Due to the relatively small size of the professional staff, team members have the opportunity to assume integral roles on projects and deal teams.
Analyst work may include:
- Asset management of existing loan portfolio, including:
- Tracking of asset/portfolio performance and business plan evolution
- Leasing reviews and analysis
- Monitoring and review of capex programs
- Preparation of quarterly reporting materials
- Loan restructurings
- Loan recapitalizations
- Presentations to senior management
- Ad hoc projects/analysis
- Financial analysis and modeling
- Market research
- Competitive analysis
- Drafting of memoranda for internal and external use
- Developing investment committee presentations
What we look for:
Our people are our most valuable asset. They are highly skilled problem solvers who believe challenges represent opportunities. Together with the firm’s entrepreneurial spirit, their unique passions and backgrounds contribute to a diverse, creative and vibrant environment.
We’re looking to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should (have):
- Strong communication skills
- A demonstrated ability to write effectively
- Be a collaborative team player
- Excellent attention to detail
- Good judgement
- Perseverance and stamina
- Contribute to a positive culture
Knowledge of accounting and finance and experience of investment banking are desirable, but not necessary.
The Principles that Matter Most:
- Team Work
Everything we do is guided by these principles, which define our character and culture; they have been at the core of Blackstone since its inception. These enduring qualities are the shared convictions that we bring to our professional and personal conduct. They are a fundamental strength of our business.
To be considered for the Real Estate Debt Strategies Asset Management Full-Time Analyst role, applicants must meet the following criteria:
- Currently enrolled as an undergraduate or masters student or a recent graduate: Summer 2023- Summer 2024
- CV must include expected graduation month/year and grade
- CV must be in PDF format
Complete Pymetrics online gaming and video interview
Face to face interviews
Please note: This is a sample recruitment process; times and stages may vary between business areas and regions
The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.
If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).
Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
- Attending client meetings where you are discussing Blackstone products and/or and client questions;
- Marketing Blackstone funds to new or existing clients;
- Supervising or training securities licensed employees;
- Structuring or creating Blackstone funds/products; and
- Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.