About the Role
Associates in asset management will focus on post-acquisition transactions, including restructurings, refinancing, and dispositions. They will also drive value enhancement projects, manage lease and negotiation strategies, oversee capital expenditure execution, and guide platform company strategy.
Responsibilities
- Work on post-acquisition transactions including restructurings/recapitalizations, refinancing, dispositions (public IPOs and private market sales)
- Manage the strategy and execution of value enhancement projects
- Oversee lease and management negotiations, capital expenditure execution, and platform company strategy and direction
- Participate in all aspects of projects and be staffed on multiple assignments concurrently
- Assume integral roles on deal teams
- Perform real estate and public company valuation analysis
- Conduct analyses to drive investment, financing, capital, and sale decisions
- Lead due diligence and execution of transactions
- Interface with market participants including deal counterparties, external advisors, and platform company leadership
- Attend site tours
- Assist with legal negotiations and due diligence
- Develop investment budgets, strategic plans, and present asset valuations
- Perform Excel financial modeling
- Draft memoranda and presentations for internal and external use
- Conduct market research and data analysis
Requirements
- 2+ years of prior investment banking or real estate investment experience
- Strong verbal and written communication skills
- Desire to work in a team environment with dynamic roles
- Strong understanding of accounting, finance, and economics
- Self-motivation to find solutions independently
- Humility to acknowledge limits and uncertainties
- Sincere commitment to professional development
- Excellent attention to detail
- Intellectual curiosity
- Good judgment
Skills
- Investment banking
- Real estate investment
- Verbal communication
- Written communication
- Teamwork
- Accounting
- Finance
- Economics
- Financial modeling
- Due diligence
- Valuation analysis
- Market research
- Data analysis
Location
- New York, NY
Work Type
- Full-time
Experience Level
- Associate
Salary/Compensations
- $125,000 - $160,000
Benefits
- Comprehensive health benefits (medical, dental, vision, FSA)
- Paid time off
- Life insurance
- 401(k) plan
- Discretionary bonuses
- Potential for equity and other incentive compensation
About the Company
- Blackstone is the world’s largest alternative asset manager.
- Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests.
- Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds.
- Blackstone is a global leader in real estate investing.
- Blackstone’s real estate business was founded in 1991 and has US $314 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).
Equal Opportunity
- 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.
