Blackstone Real Estate – Principal, Debt Strategies

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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
 

Business Group: Blackstone Real Estate

 

Business Group Description:

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 Title: Blackstone Real Estate – Principal, Debt Strategies

Job Responsibilities:

• Lead loan and real estate asset underwriting, due diligence, deal structuring and deal execution, including the negotiation of term sheets and financing terms.
• Identify, underwrite, price, structure and close single asset and portfolio loans as part of a team.
• Provide transactional support as required.
• Participate in internal and external client meetings, the negotiation of contracts and other agreements, and due diligence sessions.
• Direct research of targeted transactions for investment purposes.
• Perform valuation analyses of prospective investment opportunities.
• Oversee the work of Associates and Analysts; especially the design and development of financial models.
• Manage the preparation of written analyses and evaluations of investment opportunities.
• Perform other duties as needed.

 

Qualifications:

 

Education

• Bachelor’s degree (or foreign equivalent) in Finance, Economics, or a related field

 

Experience

• Minimum of 5 years of experience in job offered or related occupations.
• Minimum 5 years of experience in commercial real estate loan origination/investment.
• Minimum 5 years of experience underwriting the acquisition of large pools of loans.
• Minimum 5 years of experience managing loan workouts.
• Minimum 2 years of experience: in each of the following types of commercial real estate lending: CMBS, debt fund, bank balance sheet, mortgage REIT and insurance capital.Experience can be concurrent.

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:

$200,000 - $250,000

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, religi