Associate

CREN; New York (NY); Hybrid; USD 100,000 - 600,000; Full time

Job summary

Blackstone Real Estate in New York is seeking an Acquisitions Associate to support evaluation and execution of new investment opportunities on a real estate platform based in New York. The role sits in the deal team and focuses on underwriting-driven analysis and market diligence to inform investment decisions.

You will work with internal partners and external counterparties across the deal lifecycle, from initial sourcing through closing, including due diligence coordination and investment

Qualifications

• Underwriting and financial walkthroughs of deals.
• Solid market research and data-driven analysis.
• Strong modeling skills for cash flows and sensitivities.

Responsibilities

• Support sourcing of acquisition opportunities through broker relationships, market outreach, and pipeline tracking.
• Build and maintain underwriting models to evaluate cash flows, returns, sensitivities, and investment risks.
• Compile market, submarket, and comparable sale/lease research to inform pricing and investment theses.
• Prepare investment committee materials, including summaries of business plans, key risks, and recommendation rationale.
• Coordinate due diligence workstreams, including review of leases, property-level financials, and third-party reports.
• Assist with transaction execution from LOI through closing, including coordination with legal, lenders, and internal stakeholders.
• Monitor active deals and update internal reporting on status, underwriting changes, and key deadlines.

Skills

Underwriting

Market research

Financial modeling

Sourcing

Tools

Excel

Job description

This Acquisitions Associate role supports the evaluation and execution of new investment opportunities for a real estate platform based in New York. The position sits in the deal team and focuses on underwriting-driven analysis and market diligence to inform investment decisions. Scope includes supporting transactions from initial sourcing through closing, working closely with internal partners and external counterparties throughout the deal lifecycle.

Job Features

• Support sourcing of acquisition opportunities through broker relationships, market outreach, and pipeline tracking
• Build and maintain underwriting models to evaluate cash flows, returns, sensitivities, and investment risks
• Compile market, submarket, and comparable sale/lease research to inform pricing and investment theses
• Prepare investment committee materials, including summaries of business plans, key risks, and recommendation rationale
• Coordinate due diligence workstreams, including review of leases, property-level financials, and third-party reports
• Assist with transaction execution from LOI through closing, including coordination with legal, lenders, and internal stakeholders
• Monitor active deals and update internal reporting on status, underwriting changes, and key deadlines

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

$100,000 – $600,000