Real Estate Asset Strategy 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

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.