Legal & Compliance - Real Estate, VP

The Blackstone Group L.P.; Bethpage (NY); On-site; USD 165,000 - 250,000; Full time

Benefits offered by this job

Health benefits

Paid time off

Life insurance

401(k) plan

Discretionary bonuses

Job summary

Blackstone seeks a Vice President for the Real Estate Legal and Compliance team in New York. The candidate will support the Real Estate funds, coordinating with fund formation attorneys and transaction teams, and work cross-functionally across the real estate business.

The role requires a Juris Doctor and at least six years of relevant experience, with a strong ability to manage multiple workstreams and collaborate across groups. Competitive salary and comprehensive benefits are offered.

Qualifications

• JD preferred.
• Minimum of six years of relevant experience.
• Strong team player with a desire to contribute to a collaborative work environment.
• Exceptional experience to independently manage disparate workstreams.

Responsibilities

• Draft and review private placement memoranda for real estate funds.
• Review and input on fund-related compliance and investor side letter provisions.
• Coordinate AML reviews with US/Luxembourg teams.
• Develop and maintain fund-specific policies and procedures.
• Oversee compliance in acquisitions/dispositions and investor rights allocations.
• Support fund accounting, tax, and portfolio management teams on LLP and side letters.
• Assist with investor fund transfers and conversions.
• Conduct quarterly compliance reviews of LP agreements and side letters.

Skills

Legal & Compliance

Real Estate

Fund formation

Cross-functional collaboration

Education

Juris Doctor (JD)

Job description

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 www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Business Unit: Real Estate / Legal & Compliance Business Unit Overview: Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $315 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 undermanaged, 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).

Job Description: Blackstone is seeking a Vice President for the Real Estate Legal and Compliance team in New York. The candidate will support the Real Estate funds, serving as an important nexus between the Blackstone fund formation attorneys, the Blackstone Real Estate transaction attorneys and the Blackstone Real Estate Legal and Compliance team. The candidate will also work cross-functionally across the Real Estate business and will collaborate with the Real Estate Acquisitions, Asset Management, Institutional Client Solutions Group, Tax and Finance teams.

Responsibilities

• Draft and review private placement memoranda, working with institutional client group and portfolio management on business content and managing outside fund counsel in production.
• Review and provide input on compliance and operations-related investor side letter provisions in connection with fundraisers.
• Liaise with US and Luxembourg AML teams on AML reviews of prospective and existing investors.
• Prepare, implement, and maintain fund-specific policies and procedures (i.e., excuse rights, transfer, redemption, NAV, valuation policies and procedures).
• Oversee compliance function in connection with acquisitions and dispositions, including appropriate documentation of allocation of investment and co-investment opportunities, identification and communication of potential investor excuse rights, and adherence to fund investment limitations.
• Provide day-to-day support to fund accounting, tax, and portfolio management teams in interpreting and applying limited partnership agreement and side letter contractual obligations.
• Assist institutional client group and portfolio management in facilitating investor fund transfer and conversion requests.
• Conduct quarterly review and confirmation of compliance with limited partnership agreement and investor side letter obligations.
• Coordinate annual compliance meetings for each of the currently investing funds, to review limited partnership agreement and investor side letter obligations and certain key topics with outside fund counsel, Blackstone fund formation attorneys, Institutional Client Solutions Group, Tax and Finance teams.
• Support Real Estate Legal and Compliance team in preparing Form D, Form PF, AIFMD and Form ADV and other regulatory filings and ensure timely submission.
• Oversee and manage junior Real Estate Legal and Compliance team members in execution of above responsibilities.

Qualifications

• JD preferred.
• Minimum of six years of relevant experience.
• Strong team player with a desire to contribute to a collaborative work environment.
• Exceptional experience to independently manage disparate workstreams.
• Strong work ethic, sound judgement, initiative, creativity, and drive.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Salary & Benefits

Expected annual base salary range: $165,000 - $250,000. Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

• Comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits.
• Paid time off.
• Life insurance.
• 401(k) plan.
• Discretionary bonuses.
• Certain employees may also be eligible for equity and other incentive compensation at Blackstone's sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), [phone] (EMEA) or [phone] (APAC).

Security License Requirements

• Attending client meetings where you are discussing Blackstone products and/or and client questions.
• Marketing Blackstone funds to new or existing clients.
• Supervising or training securities licensed employees.
• Structuring or creating Blackstone funds/products.
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case‑by‑case basis.

Please speak with your Blackstone Recruiting contact with any questions.

At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals across a wide range of disciplines. Our employees are integral to the firm’s identity, contributing to a culture of integrity, professionalism and excellence. It is their dedication and passion for their work that has helped Blackstone become a trusted partner for some of the largest institutional investors in the world. We encourage independent thinking and reward initiative, while providing services to help employees grow professionally. Our global business platform and brand reputation provide an unparalleled launch pad for growing your career.