Real Estate - Asset Management, AnalystBusiness Unit: Real Estate
Job Title: Analyst
Location: New York, NY
Business Unit Overview: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).
Job Description:Analysts focused on asset management will support post-acquisition transactions including restructurings/recapitalizations, refinancing, dispositions (public IPOs and private market sales), as well as the strategy and execution of value enhancement projects, including lease and management negotiations, capital expenditure execution, and platform company strategy and direction.
Analysts at Blackstone have the opportunity to participate in all aspects of projects and can expect to be staffed on a number of assignments at one time. Typical work includes:
- Building and maintaining detailed financial models (go-forward return models, next buyer models, DCFs, development pro formas)
- Building analyses to support investment, financing, capital and sale decisions
- Real estate and public company valuation analysis
- Supporting due diligence and transaction execution under senior team direction
- Assisting in the preparation of materials for deal counterparties, external advisors, and platform company leadership
- Attending site tours
- Assisting with legal negotiations and due diligence
- Assisting in the development of investment budgets, strategic plans, and asset valuations
- Tracking portfolio performance metrics and preparing recurring reports
- Excel financial modeling
- Drafting of memoranda and presentations for internal and external use
- Market research and data analysis
Qualifications:Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in prior endeavors.
The successful candidate should have the following qualifications:
- 1+ years of relevant experience; internship experience in investment banking, real estate, or finance preferred
- Strong academic record
- Proficiency in Excel and PowerPoint
- Strong verbal and written communication skills
- A desire to work in a team environment with dynamic roles
- Strong understanding of accounting, finance, and economics
- Eagerness to learn in a fast-paced environment
- Sincere commitment to professional development
- Excellent attention to detail
- Intellectual curiosity
- Good judgment
- Real estate coursework or demonstrated interest in real estate investing a plus
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:$100,000 - $125,000
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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone's sole discretion.
