Real Estate - BREDS (Capital Markets), Sr. Associate
Blackstone
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See open jobs at Blackstone.See open jobs similar to "Real Estate - BREDS (Capital Markets), Sr. Associate" MIT Sloan Career Development Office.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 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.
Business Unit:
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $337 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, residential, office, hospitality and retail. 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), a U.S. non-listed REIT, and Blackstone’s European yield-oriented strategy. 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).
Key Responsibilities:
This role sits in Blackstone Real Estate Debt Strategies (“BREDS”) which manages investor capital across four debt platforms: drawdown funds, liquids funds, insurance capital, and BXMT (NYSE: BXMT), a leading real estate finance company that originates senior loans collateralized by commercial real estate.
- Assist with oversight and management of the liability side of BREDS US loan portfolio.
- Manage the underwriting, structuring, negotiation, and closing of financing transactions across credit facilities, loan syndications, and securitisations.
- Acquire deep knowledge of the US loan financing markets and develop financing strategies for our pipeline of loan originations.
- Work with wider capital markets team to stay coordinated globally, and to develop and execute new financing strategies.
- Maintain strong professional relationships with our existing financing counterparties, and develop relationships with potential new financing counterparties.
- Identify and manage positions that require refinancing/amending or discussions with lenders prior to issues arising.
- Assist with training other members of the team.
- Assist in the execution of corporate-level capital markets transactions, including equity and debt offerings, for applicable BREDS capital vehicles.
- Help improve our processes and tools to create efficient storage and access to financing data.
- Evaluate business development opportunities for BREDS.
Qualifications:
Our people are our most valuable asset. They are highly skilled problem solvers who believe challenges represent opportunities. Together with the firm’s entrepreneurial spirit, their unique passions and professional backgrounds contribute to a diverse, creative and vibrant environment.
Blackstone seeks candidates who are highly motivated and creative individuals who have demonstrated achievement in prior endeavors
- 5+ years of professional experience in real estate finance, real estate capital markets or related fields.
- Ability to project manage and execute a wide range of assignments.
- Excellent written, verbal, and interpersonal communication skills.
- Ability to work independently as well as on a team.
- Strong work ethic, integrity and commitment to meet competing deadlines.
- Self-starter, highly organized, and detail oriented.
- Ability to juggle multiple workstreams and priorities.
- Experience in mortgage/mezz balance sheet, CMBS and/or loan pool financings.
- In depth knowledge of key finance documents.
- Strong analytical abilities and strategic problem-solving skills.
- Interest and experience in using new technologies to optimize processes
- High level of integrity and professional conduct
- Strong mathematics and excel proficiency,
- Undergraduate degree.
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:
$160,000 - $185,000Actual 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.
This job is no longer accepting applications
See open jobs at Blackstone.See open jobs similar to "Real Estate - BREDS (Capital Markets), Sr. Associate" MIT Sloan Career Development Office.