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.

2026 Blackstone Real Estate Partners Summer Analyst – Acquisitions, Asset Management, Capital Markets and Core+ (London)

Blackstone Real Estate

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, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Programme Description

Blackstone's Summer Analyst Program is a 10 week in-person experience, offering participants extensive exposure across the firm. This program provides Summer Analysts with valuable guidance through mentorship, continuous feedback, technical and soft skill training, networking opportunities with professionals across the firm and the unique chance to fully immerse themselves in Blackstone's culture.

Blackstone Real Estate Partners is seeking 2026 Summer Analysts to join the following groups:

• Real Estate Acquisitions
• Real Estate Asset Management
• Real Estate Capital Markets
• Real Estate Core+

Please see information regarding groups below:

Real Estate Acquisitions

Blackstone’s Real Estate Acquisitions Group focuses on originating, underwriting and executing real estate investment opportunities. As a Summer Analyst you will get a holistic exposure to the real estate private equity investment process and become part of deal teams working on the acquisition of real estate companies, portfolios and individual properties across multiple asset classes and throughout Europe.

Summer Analyst work may include:

• Conducting financial analysis and market research to formulate new investment theses
• Preparing valuation analyses, LBO models, memos and presentations for ongoing investment opportunities
• Assisting in the due diligence, negotiation, execution, financing and structuring of live transactions
• Collaborating with cross-functional teams, including Asset Management, Legal & Compliance, and Capital Markets (among others)
• Attending site tours, internal and external meetings, as well as due diligence and expert sessions
• Preparing and presenting a view on the key drivers, risks, and opportunities of a potential transaction

Real Estate Asset Management

Blackstone’s Real Estate Asset Management Group (‘AM’) leads all post-acquisition investment activities. AM’s investment professionals oversee the full lifecycle of an investment, including setting business plans, identifying value creation opportunities and executing transactions to monetize an investment.

Summer Analyst work may include modelling and presentations to support core AM activities:

• Building portfolio companies to manage operational real estate
• Collaborating with portfolio company senior management to set business plans and drive performance
• Conducting market research and analysing value creation initiatives (e.g. capital expenditure projects)
• Execute transactions such as refinancings, recapitalizations and dispositions (including public IPOs and private

Real Estate Capital Markets

Blackstone’s Real Estate Capital Markets Group (‘CM’) leads on all debt capital initiatives for our real estate investments. A summer analyst within the CM team will gain exposure to the full lifecycle of financing real estate investments from a variety of debt capital sources, including public market debt and equity transactions, securitizations, private market secured and unsecured credit deals.

Summer Analyst work may include:

• Conduct financial analysis, modelling, and market research to support financing transactions and competitive analysis.
• Prepare internal company presentations, reports, and marketing materials to solicit financing feedback.
• Collaborate with Acquisitions and Asset Management teams to provide guidance on pricing and terms of financing.
• Assist with the negotiation and execution of financing transactions.

Real Estate Core+

Blackstone’s Real Estate Core+ Group focuses on strategy and management of Blackstone Property Partners Europe (€8B NAV) and Blackstone European Property Income Fund (€1.4B NAV). Summer Analysts in the Real Estate Core+ team will work as part of a small, dedicated team focused on the ongoing management of the funds, including transaction execution, client meetings and marketing, as well as general fund management, portfolio management, and operational matters.

Summer Analyst work may include:

• Collaborate with acquisitions, asset management, portfolio management, capital markets, finance, and ICS teams on all aspects of the Core+ business.
• Support due diligence, tax structuring, debt and hedging strategies, and prepare investor materials.
• Monitor the acquisition pipeline, investment results, and portfolio performance relative to portfolio objectives.
• Track operating and financial data for Core+ assets, maintain liquidity analysis, and update fund models.
• Assist with quarterly reporting to LPs, marketing materials, and stakeholder presentations.
• Interface with internal teams, including fund operations, accounting, legal, tax, and compliance.

Qualifications

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

The successful candidate must possess:

• Strong verbal and written communication skills
• A desire to work in a team environment with dynamic roles
• A basic knowledge of accounting and finance
• Self-motivation to find solutions independently, and humility to acknowledge limits and uncertainties
• Sincere commitment to personal and professional development
• Excellent attention to detail
• Intellectual curiosity
• Good judgement

To be considered for the 2026 Summer Analyst Programme, applicants must meet the following criteria:

• Currently enrolled as an undergraduate or masters student
• Anticipated graduation date: Summer 2027
• CV must include expected graduation month/year and grade
• CV must be in PDF format

Application Deadline

• Applications will close on Friday 31 October 2025
• Applications are reviewed on an ongoing basis

If you do not meet these criteria, please see Blackstone’s Careers website for other opportunities that may be available, including other entry level positions.

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.

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 contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

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.