Blackstone Park Hill RE Group interview
Hi Guys,
I've been selected for a first round interview with Blackstone's Park Hill Real Estate Group. Their website is very simple and doesn't provide a lot of information, but all I know is that it raises capital for RE PE fund managers from institutional investors, as well as different investment strategies in RE specific assets. I am currently an undergraduate senior and the interview will be conducted one on one in office for about 30 minutes. I'm just curious to what extent this interview would be like? Would it be mainly behavioral or technical? and also if anyone can shed some insights about this group would help a lot. All help is much appreciated. Thanks!!
Blackstone is like the CIA when it comes to disclosing info about their RE strategy. Very difficult finding info for particular groups in BX, but you could try searching google/costar for deals that BX has closed and that might help. However, they're not your typical RE investor and they seem to employ funky strategies.
Assuming you never had an RE related internship or RE related coursework, the interview probably wont get too technical and should moslty focus around fit.
However, get familiar with the following and you might impress your interviewer:
*Know what NOI is and how to get to it; basically walk through an operating statement *Know the important rates for making investment decisions - IRR, Cap Rate, and Cash-on Cash; how to calc them and what they mean *Familiarize yourself with Argus; you can download a trial version
Good luck and keep us posted.
Can't comment specifically on the group, but I think the poster above is confusing the RE team at Park Hill, which is a placement agent and Blackstone's PERE investment practice; completely different.
I see. Never mind.
Haha, thank you guys anyway! Just a little insight about myself: I'm very interested in real estate. I've done internships with a REIT, a RE developer, and I'm currently an intern working in RE acquisitions.
Wish me luck! the interview is this Friday. I'll definitely keep you guys posted!
also, if anyone else is familiar with this group, please comment!
thanks
It's bogus... I imagine you spend all your time drafting marketing materials, DDing a lot of managers and assets and what not. Not what comes to mind when you think "Blackstone"
Bogus? If you worked your way up in Park Hill with the ultimate intention of starting your own fund, can you even imagine how valuable those investor contacts would be?
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