Real Estate - BREDS (Public Investments), 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.

Job Title: Blackstone Real Estate Debt Strategies (“BREDS”) – Public Investments, Associate

Business Unit:

Real Estate

Business Unit Overview:

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, Blackstone Real Estate Debt Strategies (BREDS), providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Job Description:

Associate role on the Blackstone Real Estate Debt Strategies (BREDS) Public Investments team, which is responsible for sourcing, analyzing, and executing real estate debt investments across public markets (CMBS, RMBS, corporates, and related) in the US and globally on behalf of various Blackstone Real Estate investment vehicles. The Associate will work on the CMBS investments team and will participate in and contribute to the investment process across the lifecycle of sourcing, underwriting, negotiating/structuring, transacting, surveilling, and portfolio/asset managing. Investment products span across all CMBS sectors and across the capital structure, from investment grade to high yield (including B-pieces/HRR/mezzanine loans).

Responsibilities

• Sourcing, underwriting, negotiating/structuring, transacting, surveilling, and portfolio/asset managing real estate debt investments, with a focus on CMBS, across various product types and across the capital structure
• Underwriting and analyzing real estate assets and markets for investments and portfolio management
• Conducting research on real estate-specific and macroeconomic topics
• Development of presentations, supporting analysis, and written materials for investment recommendations
• Collaborating with team members across broader Blackstone Real Estate (equity, debt, capital markets, etc.) to carry out investment processes and analysis
• Communicating ideas, views, and color with internal stakeholders and liaising and negotiating with external counterparties

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: 2+ years experience in sales and trading, investment banking, investment management, or similar roles
• 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, sc