Real Estate - BREDS (Public Investments), Senior Associate

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.

Business Unit: Real Estate

Business Unit Description:

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $320 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 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). 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:

The Senior Associate will work directly with the BREDS Public Investments business, which is responsible for sourcing, analyzing and executing all liquid, real estate-related debt investments on behalf of Blackstone Real Estate. The Senior Associate will be responsible for credit underwriting on new corporate credit investments and ongoing monitoring of a portfolio of real estate-related corporate investments. This position offers an excellent opportunity to contribute to a dynamic and collaborative environment while enhancing your skills in credit analysis and real estate-related investments.

The Senior Associate’s work may include:

• Conducting financial analysis and fundamental due diligence for both public and private companies.
• Performing quarterly financial reviews to monitor credit strength and identify key trends.
• Tracking and communicating material company developments to relevant stakeholders.
• Interpreting and summarizing credit agreements to ensure compliance and understanding of key terms.
• Building and maintaining complex financial models to evaluate investment opportunities and portfolio performance.
• Preparing investment packages and presenting findings to senior management.
• Collaborating with the team to collect, organize, and process documentation and credit-related information.
• Conducting industry-level analysis to assess relative value within the portfolio and identify broader industry headwinds and tailwinds.

Qualifications:

Blackstone seeks to hire individuals who are highly motivated and have demonstrated excellence in prior endeavors.  The successful candidate should have the following qualifications:

• Education: Undergraduate degree from a top-tier academic institution.
• Experience: 3+ years experience in sales and trading, investment banking, or investment management experience.
• Project Management: Experience managing multiple assignments and delivering high-quality results.

• Communication Skills: Exceptional written, verbal, and interpersonal communication skills.
• Work Ethic: Highly motivated with a strong work ethic and a desire to thrive in a collaborative, small-team environment.
• Analytical Thinking: Highly analytical mindset with a talent for identifying, scrutinizing, and improving complex processes.
• Team Collaboration: Resourceful team player who excels at building trust and fostering professional relationships with colleagues and clients.

• Multitasking: Manage multiple priori