Real Estate - Core+ BREIT(Strategy & Management), Senior Associate

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. 

Job Description: Real Estate – BREIT (Strategy & Management), Senior Associate

Business Unit: Blackstone Real Estate

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 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).

Title: Senior Associate

Job Description and Responsibilities:  

Blackstone Real Estate Income Trust, Inc. (“BREIT”) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments.

The BREIT Strategy & Management Senior Associate will work closely with the BREIT team to support the management of all aspects of BREIT, including the development and execution of key strategic initiatives. The role reports to the Chief Operating Officer of BREIT.

Primary responsibilities include, but are not limited to:

• Leading analytical workstreams and support execution across key strategic initiatives for the fund and its investments, including:
  • Fund-level performance metrics and forward-looking performance projections
  • Portfolio construction and capital allocation strategy
  • Balance sheet management, capital structure, interest rate hedging and financing strategy
  • Liquidity management, distributions and cash flow analysis
• Supporting the execution of BREIT’s Delaware Statutory Trust (“DST”) program, including transaction coordination, structuring considerations and collaboration with Private Wealth and distribution partners
• Evaluating transaction- and portfolio-level considerations to inform investment decisions and strategic capital allocation, applying an investment-oriented perspective to fund-level strategy
• Partnering closely with the Private Wealth and Shareholder Relations teams on product development and capital formation initiatives, including preparing materials and occasionally participating in investor discussions or diligence calls
• Coordinating across multiple functions within the Real Estate platform, including Acquisitions, Asset Management, Capital Markets and Finance, ensuring alignment across investment and operational priorities
• Preparing materials for and participating in special projects and quarterly Board meetings
• Driving the execution of strategic initiatives while mentoring junior team members and ensuring high-quality analytical output across workstreams

Qualifications:                  

Blackstone seeks to hire individuals who are highly motivated self-starters, work well in team-oriented environments, exercise sound judgment and have demonstrated excellence in prior endeavors. The successful candidate should meet the following qualifications:

• 7+ years of relevant experience; Real Estate Investing, Real Estate Fund Management or Investment Bank