Real Estate – Core+ (BREIT), Managing Director

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

Job Title:   

Real Estate – Core+: BREIT Coverage, Managing Director

Blackstone Real Estate

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $337 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).

Job Description: 

Blackstone is seeking a highly motivated professional to support our Core+ team in expanding our business development and sales and marketing initiatives for Blackstone Real Estate Income Trust (“BREIT”), our public non-listed REIT.  In this role, the successful candidate will develop and maintain relationships with financial intermediaries across the Americas and provide capital raising support in an effort to build brand awareness for the Blackstone Real Estate Income Trust (“BREIT”). Additional responsibilities include:

• Provide on-going service, support and product education to key financial advisors, independent planners and end-clients, giving sales presentations on Blackstone Real Estate Income Trust alongside Blackstone’s Private Wealth Solutions group (PWS).
• Seek new relationships that broaden distribution and increase Blackstone Real Estate Income Trust sales.
• Represent Blackstone Real Estate at investment trade shows and industry conferences, and will be responsible for developing the overall format of agendas and determining speakers.
• Understand the nuances in global marketing efforts across Blackstone retail and institutional products to effectively communicate product strategy and cross sell.

Qualifications: 

Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated and have demonstrated excellence in prior endeavors.

The successful candidate must have:

• 10+ years of experience selling or marketing alternative and traditional investment products
• Prior work experience in real estate, asset management, investor relations and/or investment banking is preferred
• Excellent presentation and public speaking skills required
• Good sales instinct and desire to establish new relationships
• Exhibit sound and professional judgment during high intensity situations
• Must be a self-starter and able to work independently
• Bachelor’s degree (MBA/CFA a plus)
• Series 7, 63 and 79 licenses a plus

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.

Expected annual base salary range:

$275,000 – $300,000

Actual base salary within that range will be determined by several components including but not limited to the individual’s experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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.

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.