Real Estate Summer Analyst Intern
Blackstone
Real Estate Summer Analyst Intern
Blackstone
Global alternative asset manager and investor
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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
2027Blackstone Real EstatePartnersSummer 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$319billionofinvestor capital under management. Blackstone is the largest owner of commercial real estate globally,owningand operating assets across every major geography and sector, includinglogistics, data centers, residential, office and hospitality. Our opportunistic fundsseektoacquireundermanaged, well-located assets across the world. Blackstone’s Core+ business invests insubstantially stabilizedreal 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 alsooperatesone 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).
ProgrammeDescription
Blackstone's Summer Analyst Program is a10 weekin-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 2027Summer Analysts to join the following groups:
Real Estate Acquisitions
Real Estate Asset Management
Real Estate Capital Markets
Real Estate Core+
Please see informationregardinggroupsbelow:
Real Estate Acquisitions
Blackstone’s Real Estate Acquisitions Group focuses on originating,underwritingand 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,portfoliosand 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,memosand presentations for ongoing investment opportunities
Assistingin the due diligence, negotiation, execution,financingand 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,identifyingvalue creationopportunitiesand 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 market sales)
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 publicmarket debt and equity transactions, securitizations, private market secured and unsecured credit deals.
Summer Analyst work mayinclude:
Conduct financial analysis, modelling, and market research to support financing transactions and competitive analysis.
Prepare internal company presentations, reports, and marketing materials tosolicitfinancing feedback.
Collaborate with Acquisitions and Asset Management teams to provide guidance on pricing and terms of financing.
Assistwith 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 EstateCore+ team willwork as part of a small, dedicated team focused on the ongoing management of the funds, including transaction execution, clientmeetingsand 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,debtand hedging strategies, and prepare investor materials.
Monitor the acquisition pipeline, investment results, and portfolio performancerelativeto portfolioobjectives.
Track operating and financial data for Core+ assets,maintainliquidity analysis, and update fund models.
Assistwith quarterly reporting to LPs, marketing materials, and stakeholder presentations.
Interface with internal teams, including fund operations, accounting, legal, tax, and compliance.
Qualifications
Blackstoneseeksto hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and havedemonstratedexcellence in prior endeavours.
The successful candidate mustpossess:
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 professional development
Excellent attention to detail
Intellectual curiosity
Good judgement
To be considered for the 2027Summer AnalystProgramme, applicants must meet the following criteria:
Currently enrolled as an undergraduate ormastersstudent
Anticipated graduation date: Summer 2028
CV must include expected graduation month/year and grade
CV must be in PDF format
Application Deadline
Applications will closeon Friday 30October 2026
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.
Global alternative asset manager and investor
Blackstone is a global manager of alternative assets, pooling capital from institutions and individuals to invest in private markets across private equity, real estate, and credit. It uses funds and strategies, including BREIT and BCRED, to deploy capital into real estate, loans, and private securities, generating income and growth for investors. The firm differentiates itself by its scale, global reach, and broad product lineup that provides access to private markets through financial professionals. Its goal is to build and manage industry-leading businesses and assets to deliver durable, long-term returns for investors.
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