Asset Management Associate

CREN; Chicago (IL); Hybrid; USD 140,000 - 200,000; Full time

Job summary

Blackstone Real Estate is seeking an Asset Management Associate in Chicago to oversee day-to-day portfolio performance, evaluate property metrics, and support decision-making with financial analysis and market context.

You will partner with property management and leadership to keep asset information, reporting rhythms, and key deliverables organized and decision-ready, surfacing risks and helping guide strategy across the portfolio.

Responsibilities

• Monitor asset-level performance versus business plans, budgets, and underwriting and flag variances and risks
• Maintain recurring asset management reporting packages, including operating metrics, leasing status, and capital project updates
• Coordinate with property management teams on revenue management, operating initiatives, and tenant/lease administration items impacting performance
• Support annual budgeting and periodic reforecast processes; track key assumptions and drivers at the property level
• Assist with capital planning and execution, including prioritization of projects, tracking of spend, and documentation of approvals
• Prepare market and competitive set research to inform leasing strategy, rent assumptions, and hold/sell analysis
• Contribute to valuation and scenario analysis for refinancings, dispositions, and portfolio strategy decisions
• Organize asset documentation and investor/lender deliverables, including narrative updates and data request coordination

Skills

Asset management

Financial analysis

Budgeting

Reporting

Stakeholder coordination

Market research

Job description

This Asset Management Associate role supports day-to-day oversight of a real estate portfolio by helping evaluate property performance, maintain core reporting rhythms, and coordinate across internal and third-party stakeholders. The position sits within an owner/operator asset management function and is oriented toward monitoring business plan execution, surfacing risks and variances, and supporting decision-making with market context and financial analysis. Based in Chicago, Illinois, the role partners closely with property management and leadership to keep asset-level information, documentation, and key deliverables organized and decision-ready.

Job Features

• Monitor asset-level performance versus business plans, budgets, and underwriting and flag variances and risks
• Maintain recurring asset management reporting packages, including operating metrics, leasing status, and capital project updates
• Coordinate with property management teams on revenue management, operating initiatives, and tenant/lease administration items impacting performance
• Support annual budgeting and periodic reforecast processes; track key assumptions and drivers at the property level
• Assist with capital planning and execution, including prioritization of projects, tracking of spend, and documentation of approvals
• Prepare market and competitive set research to inform leasing strategy, rent assumptions, and hold/sell analysis
• Contribute to valuation and scenario analysis for refinancings, dispositions, and portfolio strategy decisions
• Organize asset documentation and investor/lender deliverables, including narrative updates and data request coordination

Blackstone Real Estate is the real estate investing business of Blackstone, a global alternative asset manager. The platform invests globally across both real estate equity and real estate debt, deploying capital across strategies and major property sectors.Equity investing spans thematic strategies across the risk spectrum, including opportunistic and core-plus approaches, with exposure that includes logistics, residential, office, life science office, and retail. The debt business originates real estate loans and invests in real estate-backed debt securities, and it manages Blackstone Mortgage Trust (NYSE: BXMT), a real estate finance company focused on senior loans collateralized by commercial real estate.

Target Compensation Range

$140,000 – $200,000