Real Estate - BREDS (Capital Markets), Sr. 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 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 Unit:

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). 

Key Responsibilities:

This role sits in Blackstone Real Estate Debt Strategies (“BREDS”) which manages investor capital across four debt platforms: drawdown funds, liquids funds, insurance capital, and BXMT (NYSE: BXMT), a leading real estate finance company that originates senior loans collateralized by commercial real estate.

• Assist with oversight and management of the liability side of BREDS US loan portfolio.
• Manage the underwriting, structuring, negotiation, and closing of financing transactions across credit facilities, loan syndications, and securitisations.
• Acquire deep knowledge of the US loan financing markets and develop financing strategies for our pipeline of loan originations.
• Work with wider capital markets team to stay coordinated globally, and to develop and execute new financing strategies.
• Maintain strong professional relationships with our existing financing counterparties, and develop relationships with potential new financing counterparties.
• Identify and manage positions that require refinancing/amending or discussions with lenders prior to issues arising.
• Assist with training other members of the team.
• Assist in the execution of corporate-level capital markets transactions, including equity and debt offerings, for applicable BREDS capital vehicles.
• Help improve our processes and tools to create efficient storage and access to financing data.
• Evaluate business development opportunities for BREDS.

Qualifications:

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 professional backgrounds contribute to a diverse, creative and vibrant environment.

Blackstone seeks candidates who are highly motivated and creative individuals who have demonstrated achievement in prior endeavors

• 5+ years of professional experience in real estate finance, real estate capital markets or related fields.

• Ability to project manage and execute a wide range of assignments.
• Excellent written, verbal, and interpersonal communication skills.
• Ability to work independently as well as on a team.
• Strong work ethic, integrity and commitment to meet competing deadlines.
• Self-starter, highly organized, and detail oriented.
• Ability to juggle multiple workstreams and priorities.
• Experience in mortgage/mezz balance sheet, CMBS and/or loan pool financings.
• In depth knowledge of key finance documents.
• Strong analytical abilities and strategic problem-solving skills.
• Interest and experience in using new technologies to optimize