Real Estate – Principal

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, X, and Instagram.

Blackstone Real Estate 

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $319 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:

The Product Specialist will support global real estate capital raising support efforts and relationships with limited partners for the Blackstone Real Estate Debt Strategies (“BREDS”) business. The Product Specialist will spend significant time with members of BREDS, including the investment, asset management, legal/compliance, and finance teams and other groups within Real Estate and the broader firm, including Blackstone Credit and Insurance (BXCI) teams.  The Product Specialist will spearhead multiple projects at one time employing a range of skillsets. This role is primarily focused on supporting sales and assisting in marketing the BREDS funds. The main areas of responsibility for the Product Specialist include:

• Support BREDS fund launches including the preparation of presentation materials, private placement memoranda and oversight of investor diligence
• Lead ad hoc business development initiatives including support the creation of new products, strategic projects and new business proposals
• Create and provide strategic input with presentation materials, talking points, investment memorandums, and investor communications (e.g. quarterly letters, drawdown and distribution memos and investor notices)
• Conduct and analyze macroeconomic and real estate research and provide timely updates to the sales teams on newsworthy market events impacting real estate debt
• Effectively communicate with investors to provide updates and communicate current strategies, as well as future initiatives

This professional will have active involvement with the senior leaders of Blackstone Real Estate and BXCI and work closely with strong investment and highly productive fundraising teams. They will be responsible for serving as the subject matter expert across various investments and delivering substantive information and updates to prospective and existing investors, collaborating with the broader Blackstone Real Estate team.

Qualifications:

The successful candidate will have experience in credit/debt and should bring credibility and be capable of easily interacting with both investment and capital raising/investor relations teams as well as sophisticated limited partners. This professional should possess strong written and verbal communication skills and have experience creating, adapting and delivering detailed and technical information for various investor types/audiences, based on their needs and investment interests. This professional should be capable of managing multiple initiatives and collaborating across various teams within a firm including but not limited to investments, capital raising/investor relations, finance, operations, and legal/compliance.

This professional should be highly motivated, have sound judgment, and have demonstrated excellence in prior endeavors.  They should also possess strong analytical and time management skills.

The successful candidate will also possess the following professional attributes:

• Work experience in real estate structured products or credit and/or investor relations
• Strong presentation skills with experience creating compelling, detailed materials and information for existing and prospective investors; Strong proficiency in PowerPoint
• Strong communication skills and demonstrated experience writing effectively; prior experience interacting with investors is preferred
• Leadership and project management experience
• Strong attention to detail
• Experience multi-tasking and executing a wide range of assignments
• Self-motivated and a team-oriented individual who thrives on challenge in a dynamic environment - often under competing deadlines
• Strong work ethic, an entrepreneurial spirit, and a desire to learn
• Operate with the highest degree of professionalism, motivation, and intellectual curiosity

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:

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. 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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s 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.