Real Estate - Asset Management, Analyst

Overview

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 $1.1 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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram: LinkedIn, X, Instagram.

Business Unit

Real Estate

Job Title

Analyst

Location

New York, NY

Business Unit Overview

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US$315 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 worldwide. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through institutional strategies and strategies tailored for income-focused individual investors, including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates a leading global real estate debt business, providing financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Job Description

Analysts focused on asset management support 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.

Analysts at Blackstone participate in all aspects of projects and may be staffed on multiple assignments simultaneously. Typical work includes:

• Building and maintaining detailed financial models (go-forward return models, next buyer models, DCFs, development pro formas)
• Building analyses to support investment, financing, capital and sale decisions
• Real estate and public company valuation analysis
• Supporting due diligence and transaction execution under senior team direction
• Assisting in the preparation of materials for deal counterparties, external advisors, and platform company leadership
• Attending site tours
• Assisting with legal negotiations and due diligence
• Assisting in the development of investment budgets, strategic plans, and asset valuations
• Tracking portfolio performance metrics and preparing recurring reports
• Excel financial modeling
• Drafting memoranda and presentations for internal and external use
• Market research and data analysis

Qualifications

Blackstone seeks individuals who work well in a team-driven environment, are highly motivated, intelligent, have sound judgment, and have demonstrated excellence in prior endeavors. The successful candidate should have the following qualifications:

• 1+ years of relevant experience; internship experience in investment banking, real estate, or finance preferred
• Strong academic record
• Proficiency in Excel and PowerPoint
• Strong verbal and written communication skills
• Desire to work in a team environment with dynamic roles
• Strong understanding of accounting, finance, and economics
• Eagerness to learn in a fast-paced environment
• Sincere commitment to professional development
• Excellent attention to detail
• Intellectual curiosity
• Good judgment
• Real estate coursework or demonstrated interest in real estate investing is 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.

Compensation

Expected annual base salary range: $100,000 - $125,000

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 the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits offered in connection with the role include comprehensive health benefits (medical, dental, vision, and FSA), paid time off, life insurance, a 401(k) plan, and discretionary bonuses. Some employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

Equal Employment Opportunity

Blackstone is committed to providing equal employment opportunities to all employees and applicants 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 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.

Accommodation

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).

Licensing

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 activities:

• Attending client meetings where you discuss Blackstone products and client questions
• Marketing Blackstone funds to new or existing clients
• Supervising or training securities licensed employees
• Structuring or creating Blackstone funds/products
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials

Note: The above list is not exhaustive. Some roles may require case-by-case review. Please speak with your Blackstone Recruiting contact with any questions.

Application

To submit your application, please complete the form below. Fields marked with a red asterisk (*) must be completed to be considered for employment (some can be answered “prefer not to say”). Failure to provide required information may affect the follow-up of your application. When you have finished, click Submit at the bottom of the form.