Blackstone Multi-Asset Investing; BXMA - Portfolio Management, Real Estate Investment As

This role supports underwriting, diligence, and execution of real‑estate investments within the Total Portfolio Management (TPM) business, evaluating opportunities across a diverse set of asset classes, structures, and geographies.

• Support the underwriting and evaluation of real‑estate investment opportunities, including direct assets, joint ventures, co‑investments, and funds.
• Perform extensive due diligence on each transaction, travel to properties, meet with partners, and underwrite markets and business plans.
• Independently design and review financial models, perform sensitivity analyses, and identify key assumptions, risks, value drivers, and inconsistencies with limited oversight.
• Oversee execution of transactions and participate in internal and external client meetings and due diligence sessions.
• Draft and iterate investment committee memoranda, synthesizing complex business plans and diligence findings into clear, structured investment recommendations.
• Track and analyze ongoing portfolio investments, including review of quarterly sponsor reporting and managing sponsor relationships.
• Prepare materials for internal investment discussions and client portfolio reviews.
• Conduct market research and comparable analysis using third‑party data sources to support underwriting and idea generation.

• Bachelor’s degree in finance, real estate, economics, or a related field.
• 3+ years of real‑estate private equity investing/acquisitions experience (full diligence process exposure is a plus).
• Demonstrated financial modeling expertise, including underwriting real‑estate investments from the ground up and evaluating sponsor models.
• Strong written and verbal communication skills, including drafting clear, structured investment memoranda.
• Experience supporting or managing real‑estate diligence processes across multiple work streams.
• High attention to detail and demonstrated independence in delivering accurate, polished work in a fast‑paced, high‑volume environment.
• Strong work ethic, responsiveness, and experience managing multiple priorities concurrently.
• Collaborative mindset, strong sense of ownership, and willingness to engage across analytical and execution tasks.
• Interest in developing investment judgment over time within a portfolio‑based investment platform.
• High level of professional integrity.

• Analytical rigor and attention to detail.
• Ownership mentality and accountability.
• Effective communication with both technical and non‑technical stakeholders.
• Strong organizational and execution skills.
• Comfort operating in a flexible, less‑structured investment environment with varied deal types and asset classes.
• Highly receptive to feedback; quickly incorporates edits and internalizes investment frameworks.
• Sound judgment and risk awareness.

Expected annual base salary range: $150,000 - $175,000.

• Comprehensive health benefits, including medical, dental, vision, and FSA.
• Paid time off.
• Life insurance.
• 401(k) plan.
• Discretionary bonuses.
• Eligibility for equity and other incentive compensation at Blackstone’s sole discretion.

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