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.

Real Estate Overview:

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $315 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:

Blackstone's Summer Analyst Program is an 8-10 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.

Summer Analysts will be assigned to both the Real Estate Acquisitions and Asset Management teams in Japan.

Real Estate Acquisitions

Blackstone’s Real Estate Private Equity Group offers Summer Analysts the experience on a professional team whose work involves the acquisition of real estate-related companies, portfolios of real estate assets and individual properties worldwide. Summer Analysts at Blackstone have the opportunity to participate in all aspects of real estate investing and can expect to be staffed on a number of transactions at once. Due to the relatively small size of the professional staff, Analysts are expected to assume integral roles on deal teams. Summer Analysts are involved with the development, structuring and financing of transactions and regularly attend both internal and external meetings, negotiations, and due diligence sessions.

Summer Analysts will work on a wide range of transactions including acquisitions, divestitures, restructurings, recapitalizations, joint ventures, and leveraged buyouts.

Summer Analyst responsibilities may include:

• Real estate and public company valuation analysis

• Excel modeling

• Market research

• Data mining

• Performing various analyses to assist in making investment decisions

• Development of presentations

• Assisting with due diligence and execution of transactions

• Drafting of memoranda for internal and external use

Assisting with legal negotiations and due diligence

Real Estate Asset Management

Blackstone’s Real Estate Asset Management Group expects analysts to be engaged in all aspects of real estate asset management, including assistance with acquisitions underwriting and asset visits, post-acquisition transition, strategy and execution of value enhancement strategies, asset valuation, budgeting and on-going underwriting, and analysis related to restructurings/recapitalizations, refinancing, and disposition strategies. In this role, the Summer Analyst will work closely with Blackstone’s acquisition teams and portfolio company senior management.

Summer Analyst responsibilities may include:

• Financial analysis and modeling

• Market research, asset tours, borrower relationship management

• Competitive analysis

• Development of presentations and reporting for internal and external use

• Assist in the execution of transactions, including due diligence.

What we look for:

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 backgrounds contribute to a diverse, creative, and vibrant environment.

We’re looking to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should (have):

• Strong communication skills

• A demonstrated ability to write effectively.

• Be a collaborative team player

• Excellent attention to detail

• Good judgement

• Perseverance and stamina

• Contribute to a positive culture

The principles that Matter Most:

• Accountability

• Excellence

• Integrity

• Teamwork

• Entrepreneurship

Everything we do is guided by these principles, which define our character and culture; they have been at the core of Blackstone since its inception. These enduring qualities are the shared convictions that we bring to our professional and personal conduct. They are a fundamental strength of our business.

Requirements:

To be considered for the 2026 Summer Analyst position in Real Estate, applicants must meet the following criteria:

• Currently enrolled as a fulltime undergraduate or master’s degree student. If you are pursuing a master’s degree, you should have no more than 1 year of fulltime working experience

• Anticipated graduation date: September 2026 – June 2027

• Fluent in English and Japanese (reading, listening, writing, speaking)

• CV must be in English (adding a Japanese version is optional)

• CV must include expected graduation month/year and grade

• CV must be in PDF format

• A copy of your latest transcript

Summer Internship Program Commencement

• June to August 2026 (8-10 weeks)

We review applications, interview, and offer selected candidates on rolling basis. Therefore, we encourage you to apply as soon as you are ready.

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.