Real Estate Core+ Summer Analyst

Overview

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.

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2027 Blackstone Real Estate Core+ Summer Analyst

Job Title: 2027 Summer Analyst

Business Unit: Real Estate

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $320 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).

Blackstone's Summer Analyst Program is a 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.

We are looking to hire Strategy and Management Summer Analysts within our Core+ groups:
Blackstone Real Estate Income Trust (“BREIT”), Blackstone Property Partners U.S. (“BPP U.S.”) and Blackstone Property Partners Life Sciences (“BPP LS”). These three Core+ funds oversee over $100 billion of investor capital and focus on industrial, multifamily, student housing, data center, retail, office, and life science real estate properties.

BREIT is a public, non-listed REIT offering individual investors access to institutional quality private real estate and debt investments. BPP U.S. is an open-ended fund primarily tailored to institutional investors. BPP LS is an open-ended fund that owns Bio Med Realty, a premier life science office operator and developer with assets concentrated in the top life science markets across the U.S. and UK.

The Strategy and Management Summer Analysts will work closely with the Core+ team on all aspects of fund management, including performing analysis to inform decision-making and executing on key strategic initiatives.

Examples of responsibilities include:

• Building Excel models that forecast fund performance, cash flows, and dividend payout ratio
• Monitoring and analyzing the sources and uses of available cash flow to evaluate the highest and best uses of liquidity and to ensure sufficient liquidity to meet fund needs
• Analyzing potential acquisition and disposition opportunities in collaboration with Acquisitions and Asset Management teams, and the impact of such investment activity on the fund
• Analyzing cost of capital and debt maturity profile to inform portfolio financing/refinancing decisions, as well as monitoring interest rate risk and hedging strategy
• Participating in and creating materials for key special projects and internal meetings with senior-level stakeholders across Blackstone
• Preparing quarterly reports to update investors on fund performance and…