Real Estate - Portfolio Management; Valuations), Associate

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  Follow @blackstone on Linked In, X (Twitter), and Instagram.

Blackstone’s real estate business was founded in 1991 and has US $314 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 under managed, 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).

Associate

This professional will be responsible for strategic support of the valuations effort and its related functions globally across Blackstone’s opportunistic and core+ strategies. The Associate will play a key role in Blackstone Real Estate’s valuations effort. This will involve a) coordination of the execution and outcomes of U.S. valuations, b) consolidation and analysis of global valuations outcomes, and c) execution of summary valuation‑related materials and analysis.

The role will involve partnership in coordinating key internal and external processes, consolidating and analyzing outcomes and metrics as well as delivering supporting documentation and materials to internal and external stakeholders. This professional will work closely with members asset management, finance, fund‑specific and portfolio company teams to execute and enhance the overall valuation process and deliverables globally.

Product and Investment Knowledge:
Become proficient in Blackstone Real Estate’s global funds and investments, with particular focus on valuation practices.

Valuation Outcomes and Assumptions:
Work collaboratively across teams and vehicles to analyze and present valuation outcomes produced from a discounted cash flow approach by property, investment, market and/or sector, globally, to drive thematic monthly or quarterly valuation results.

Valuations Process:
Partner with asset management, finance and portfolio companies to coordinate and deliver monthly and / or quarterly internal valuations. Assist with the proper closure of key third‑party processes, including appraisal, independent valuation advisor and audit.

Internal Reporting:
Oversee and execute quarterly valuation materials and supporting analysis to present results, requiring the aggregation and synthesis of large sets of data both internally and externally.

Special Projects:
Support global special projects relating to valuation strategies and process, new products, appraisals and third‑party service providers.

Blackstone seeks to hire individuals who are highly motivated, and have demonstrated excellence in prior endeavours. In addition to strong analytical and quantitative skills, the successful candidate should have: 2+…