Real Estate - Innovation, Generalist

The Blackstone Group L.P.; New York (NY); On-site; USD 120,000 - 165,000; Full time

Benefits offered by this job

Comprehensive health benefits

Paid time off

Life insurance

401(k) plan

Discretionary bonuses

Job summary

Blackstone seeks an Associate in New York to support the Innovation team's strategic plan and drive AI-enabled real estate initiatives. You will prepare communications for stakeholders, deepen expertise in underwriting and forecasting, and become the SME for internal tools while helping standardize processes.

You will lead AI training, showcase practical AI workflows, and evaluate new tools, collaborating across Real Estate, technology and leadership to advance adoption.

Qualifications

• 1+ years of experience in real estate or related analytical roles.
• Undergraduate degree; CS/Math background preferred but not required.
• Genuine interest in AI, tech and innovation with initiative.
• Hands-on fluency with enterprise AI tools or willingness to learn quickly.

Responsibilities

• Support execution of the Innovation team's strategic plan across sectors.
• Produce materials and updates for stakeholders and senior leadership.
• Develop expertise in Real Estate workflows like underwriting and forecasting.
• Serve as SME for firm tools, maintaining and troubleshooting systems.
• Lead AI training sessions and raise AI literacy across the team.
• Capture best prompts and use cases; share across the group.
• Evaluate new third‑party AI tools and attend industry events.
• Communicate progress, risks and recommendations clearly to stakeholders.

Skills

Real estate experience

Analytical skills

Excel modeling

Python/SQL familiarity

AI literacy

Communication skills

Education

Undergraduate degree

Technical background (CS/Math)

Tools

Excel-based financial modeling

Python

SQL

Enterprise AI tools

Job description

Job Description

Real Estate – Innovation, Generalist

Business Unit

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in1991 and has US$314billion 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).

Title

Associate

Location

New York,NY

Responsibilities

• Supporting execution of the Innovation team’s strategic plan across sectors, tracking priorities and deliverables, and driving projects to completion
• Producing materials and communications for stakeholders across Real Estate and for senior leadership, including updates, presentations and training content
• Developing deep expertise in how key Real Estate workflows are run today, including underwriting, valuations and forecasting processes, and using that knowledge to identify what should be standardized, automated or eliminated
• Becoming a subject matter expert in the firm’s existing proprietary tools and platforms and serving as a first point of contact for Real Estate users, maintaining and troubleshooting those systems where relevant
• Leading AI training sessions for the broader Real Estate team and raising AI literacy and adoption across the business
• Building expertise in AI workflow building and the practical use of enterprise AI tools, and helping capture and share the best prompts, agents and use cases developed across the team
• Assisting with identification and evaluation of new third‑party AI tools worth piloting, including attending industry conferences to advise the team on the state of the art
• Communicating progress, risks and recommendations clearly to both technical and non‑technical stakeholders

Qualifications

Blackstone seeks to hire individuals who are highly motivated self‑starters, work well in team‑oriented environments, exercise sound judgment and have demonstrated excellence in prior endeavors.

• 1+ years of experience in real estate, private markets, investment management, financial services, consulting or a similar analytical role
• Undergraduate degree with strong academic record; a technical background (Computer Science, Mathematics, etc.) is preferred but not required
• Genuine interest in AI, technology and innovation, with demonstrated initiative in learning and applying new tools
• Hands‑on fluency with enterprise AI tools, or clear evidence of the curiosity and initiative in developing that fluency quickly; experience building agents or automations is a plus
• Working knowledge of Excel‑based financial modeling and comfort with data; familiarity with Python or SQL is a plus
• Exceptional diligence and attention to detail, with a track record of owning production work end to end and delivering it accurately and on time
• Demonstrated experience thinking creatively and independently, with confidence in sharing different viewpoints and constructively challenging ideas with colleagues at all levels of seniority
• Strong organizational and project management skills, managing multiple workstreams across different teams simultaneously
• Excellent written and verbal communication skills, including explaining technical concepts in clear language to business stakeholders

Salary

Expected annual base salary range: $120,000 - $165,000. 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.

Benefits

• 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.

Equal Opportunity and Non-Discrimination

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.

Licensing and Regulatory Requirements

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following: Attending client meetings where you are discussing Blackstone products and/or client questions; Marketing Blackstone funds to new or existing clients; Supervising or training securities licensed employees; Structuring or creating Blackstone funds/products; and 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.

About Blackstone Culture

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.