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?
| +51 | Long Game: Development vs Asset Management | 17 | 2h |
| +49 | What Is Your Backup Plan? | 21 | 3d |
| +36 | AvalonBay Equity Residential Merger discussion | 16 | 5d |
| +34 | Future of Real Estate | 9 | 5d |
| +28 | Extremely Slow Ramp Up | 5 | 4d |
| +24 | Future of Multifamily | 15 | 3h |
| +22 | CRE Banking @ Top 3 Bank or Asset Management at Public REIT | 13 | 2d |
| +21 | No IB RO considering RE | 9 | 4h |
| +19 | Most Correct Way to Grow Rents in MF Development Underwriting | 4 | 1d |
| +18 | PGIM investment analyst low pay | 15 | 5h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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.
-
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).
Sed minus et est corrupti consequatur fugiat voluptatum. Dignissimos corporis ea itaque. Non rerum voluptas repellat adipisci. Sint quos odio eaque ipsum vel harum. Soluta quo maxime tempore eum est. Et quasi deleniti ratione magnam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...