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Real Estate - BREDS (Public Investments), Analyst

Blackstone

Blackstone

IT
New York, NY, USA
Posted on Oct 28, 2024

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, Twitter, and Instagram.

Job Title:

Analyst

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 $325 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 will work directly with the Real Estate BREDS Public Investment Team, which sits at the cross-section of the Blackstone Real Estate franchise and the public markets, offering the Analysts unique exposure to both real estate and trading fundamentals. The BREDS Public Investment Team is responsible for sourcing, analyzing, and executing all liquid, real estate-related debt investments on behalf of Blackstone Real Estate. Analysts will have the opportunity to participate in and contribute to the investment process for a wide range of US and European real estate debt transactions, with a primary focus on CMBS, RMBS, and corporate debt.

Responsibilities

  • Evaluating and performing diligence across an array of opportunities within CMBS, RMBS, real-estate-related corporate debt, derivatives and other forms of public and private securities
  • Investment analysis and modeling at both an asset and corporate level
  • Conducting market research to garner real estate-specific and macroeconomic insights for the Real Estate Securities team
  • Development of presentations, supporting analysis and memoranda for investment recommendations
  • Working alongside team leaders / traders to refine and execute broader portfolio management and relative value decisions

Qualifications:

Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, have sound judgment and have demonstrated excellence in prior endeavors.

Qualifications include:

  • 1+ years of experience working in a role focused on real estate underwriting or fixed income products
  • Sincere commitment to professional development
  • Strong verbal and written communication skills
  • Demonstrated interest in financial markets
  • A desire to work in a team environment with dynamic roles
  • Knowledge of accounting and finance
  • Motivation to find solutions independently, and humility to acknowledge limits and uncertainties
  • Strong knowledge and application of Excel and PowerPoint
  • Excellent attention to detail
  • Intellectual curiosity
  • Sound judgment


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:

$110,000 - $110,000

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.