Does anyone have info on BREIT? I saw on Linkedin that they hire primarily accountants and auditors but also have an SA program. Does anyone know if they hire real estate people and what responsibilities employees have?
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BREIT is the investment vehicle. Anyone that is deploying capital for BREIT is going to work for Blackstone or one of its asset class specific subsidiaries (i.e. Link Industrial). BREIT itself isn't going to have internships.
BREIT does actually have a SA program where you work on the PM team.
Again though, I would be willing to bet that technically the internship is with Blackstone.
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yeah it’s with Blackstone
I would suspect that BREIT is or will be managed with some separation from the core BX REPE funds so that BREIT can be spun off when desired. That's not very different from internal fund management division of labor, but massively different from exit strategy from BX point of view.
Not to say they will spin out BREIT tomorrow, but these vehicles are ideal for that strategy, and I'm BX knows it. So, I'd suspect you could see more internal firewalls with BREIT than with other internal strategies as BREIT is not a traditional PE strategy or vehicle.
Generally agree with this. That said, the folks that are running multifamily for BREIT are the same ones putting to capital to work in multi on behalf of the opportunity and core plus funds (that's just multifamily though).
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