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 structureUnderwriting and analyzing real estate assets and markets for investments and portfolio managementConducting research on real estate-specific and macroeconomic topicsDevelopment of presentations, supporting analysis, and written materials for investment recommendationsCollaborating with team members across broader Blackstone Real Estate (equity, debt, capital markets, etc.) to carry out investment processes and analysisCommunicating 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 institutionExperience: 2+ years experience in sales and trading, investment banking, investment management, or similar rolesProject Management: Experience managing multiple assignments and delivering high-quality resultsCommunication Skills: Exceptional written, verbal, and interpersonal communication skillsWork Ethic: Highly motivated with a strong work ethic and a desire to thrive in a collaborative, small-team environmentAnalytical Thinking: Highly analytical mindset with a talent for identifying, scrutinizing, and improving complex processesTeam Collaboration: Resourceful team player who excels at building trust and fostering professional relationships with colleagues and clientsMultitasking: Manage multiple priorities and workstreams effectivelyTechnical Tools: Fluency in Microsoft Excel and proficiency in Microsoft PowerPoint

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:

$140,000 - $160,000

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, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

Attending client meetings where you are discussing Blackstone products and/or and client questions;

Marketing Blackstone funds to new or existing clients;

Supervising or training securities licensed employees;

Structuring or creating Blackstone funds/products; and

Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.