Real Estate - Capital Markets (Digital infrastructure), Associate
Business Unit:
Real Estate
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 Digital Infrastructure Trust (NYSE: BXDC) and Blackstone Mortgage Trust (NYSE: BXMT).
Job Title:
Associate
Job Description:
The Real Estate Capital Markets team is seeking an Associate to join the team responsible for managing, structuring and executing on debt financings across Blackstone’s global real estate portfolio, with a primary focus on data center investments and digital infrastructure. Blackstone is the largest owner of data centers globally with a portfolio of over $150bn. The Associate will have the opportunity to lead a wide range of capital markets transactions across CMBS, ABS, US private placement, project finance, 144a project bond, leverage finance and fund level finance.
Responsibilities:
The Associate will work on a wide range of transactions and responsibilities will typically include:
- Strategizing and providing analysis on optimal executions for acquisitions and refinancings
- Analyzing and tracking existing debt positions to identify accretive refinancing opportunities
- Modeling various executions across different types of financing for both construction and stabilized markets
- Negotiating financing terms and transactions
- Spearheading the execution and closing of transactions working closely alongside the acquisitions and asset management teams
- Leading the preparation of materials used to solicit bids from lenders on financings
- Maintaining close relationships with all financing partners across banks and various institutional lenders and investors
Qualifications:
Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should meet the following qualifications:
- 3+ years of experience across real estate, infrastructure, or adjacent sectors
- High proficiency of Excel and PowerPoint
- Excellent interpersonal and communication skills, both written and verbal
- Be a collaborative team player
- Excellent attention to detail
- Highly motivated and diligent
- Contribute positively to the collegial atmosphere of the team
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:
$125,000 - $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 and benefits offered in connection with the roleconsist 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.
