Real Estate - Asset Management, Associate

Job Description

Associates focused on asset management will work on 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.

Associates 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. Associates are expected to assume integral roles on deal teams with typical work including:

• Real estate and public company valuation analysis
• Performing analyses to drive investment, financing, capital and sale decisions
• Leading due diligence and execution of transactions
• Interfacing with market participants including deal counterparties, external advisors, and platform company leadership
• Attending site tours
• Aiding with legal negotiations and due diligence
• Developing investment budgets, strategic plans, and presenting asset valuations
• Excel financial modeling
• Drafting of memoranda and presentations for internal and external use
• Market research and data analysis

Qualifications

• 2+ years of prior investment banking or real estate investment experience
• Strong verbal and written communication skills
• A desire to work in a team environment with dynamic roles
• Strong understanding of accounting, finance, and economics
• Self-motivation to find solutions independently, and humility to acknowledge limits and uncertainties
• Sincere commitment to professional development
• Excellent attention to detail
• Intellectual curiosity
• Good judgment

Pay

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.

Benefits

• Comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• Paid time off
• Life insurance
• 401(k) plan
• Discretionary bonuses

Note: Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.