Blackstone Real Estate Debt Strategies: phone interview experiences?
Hey guys, has anyone had any experience interviewing with this group? I have a phone interview tomorrow & can post questions right after- just struggling to prepare other then researching stuff related to the group.
Pretty technical interviews - e.g. debt waterfalls, leasing cash flows, portfolio modeling
Thanks mate
I doubt the phone interview will get too technical. Probably more focused on why real estate, Blackstone and to get to know you. My first round with Blackstone was pretty much that with a modeling exam. I had no phone interview though.
^^^This. It won't be as technical as you think. Why Blackstone? Why RE? They will ask technical questions related to what exactly you look for in a RE transaction. Since this is the debt strategies team, also know about legal documents and how different laws can impact a 1st lien mortgage. For example, NYC has some crazy multifamily laws, but an apartment in the middle of nowhere Tennessee may not have much regulation. Also look at how to observe and value different property types such as multifamily, hotel, office, etc.
Cheers lads. It wasn't technical at all, but I did work at a mortgage/bank broker last summer so he asked a few questions about that. But mostly conversational and a lot of time for me to ask questions. He did ask the square root of .5 though!
Curious, was this for post MBA or out of undergrad? Thanks!
it was undergrad- when I was a junior
Not surprised about the math as well. Got a few of those. How'd it go?
Blackstone Real Estate - Recent acquisitions? (Originally Posted: 10/06/2009)
Does anyone have info on them? Recent acquisitions?
Thank you!
I thought it went pretty well overall, as it was so conversational and I thought I had a good rapport with the guy. But who knows...
You atleast get the square root question right?
http://www.google.com/search?q=blackstone+real+estate+deals&ie=utf-8&oe…
Broadgate deal in London. The last LBO in real estate for a while because of the structuring. They are close on a theme park deal which includes Sea World. Otherwise they have been pretty quite.
Good Luck. They got back to me pretty quickly. Let us know.
Blackstone Real Estate - Info on them? (Originally Posted: 03/31/2010)
Does anyone have info on them? How does working there compare to corp pe?
how fast did they get back to you after your first round?
I interviewed on a Friday and they called me on Tuesday.
Don't mean to break in, but if anyone has a contact at Blackstone in Florham Park in real estate, please PM me. i am interested in speaking with them about employment.
Whoa LeBron, you want to work in New Jersey? The Nets? Why? You don't need to go to college to know that the Nets suck.
I think a lot of people would be interested in speaking to Blackstone about employment...
lmao, agreed. lebron, you think recruiting for Blackstone real estate is that informal, simply because it's their real estate dept? it's still insnaely competitive.
to the OP... from what i've heard, the hours are just as bad, but the pay is just as good, both at the junior and senior levels.
Yeah you're right...I should just drop my resume off through their website and hope for the best. I agree with you that trying to network does no good whatsoever. Getting to know people won't open doors. The process is too formal and you're only shot is dropping the resume, not asking if anyone out there works in Florham Park....
oh, and thanks for telling me it is insanely competitive - I had no idea people would want to work at blackstone...
anyways - my purpose wasn't to get an interview initially, it was just to get to know someone who works there, etc...
LBJ, I don't think you realize the absurdity of your post. Say someone does have a contact there and gives it to you:
"Hi Mr. Blackstone Employee, I got your number from this guy on an internet forum..."
i see what you mean - then i guess i want to know what the Blackstone office in florham park is like, who works there, (which departments), etc.
obviously there are a ton of wharton alums working at Blackstone. your best bet is to contact them cold, someone WILL help you out. internet chat rooms arent the best place for any reliable info. except for my advice, of course....
From what I gathered they operate like a typical corp pe team because they are usually buying companies and not single assets (i.e. Hilton, EOP, Trizec etc).
They have a lot of dry powder and are actively searching for deals, mostly in the debt space. Although there was some press about them teaming up with Simon Properties to buy GGR, but there is competition for it.
The London team is fairly lean and I think they only recruit one or two analysts a year.
I have a friend who used to work there and he left because of quality of life and he wanted to get more hands on real estate development experience.
The technical stuff compared to corp PE is quite different but the nature of the work for juniors is quite similar. You spend the majority of your time modelling and putting together presentations which inform the decisions that your bosses make. RE generally has a reputation for being less rigid but 1. this probably doesn't apply to a place like BS which is dominated by the same pedigrees/personalities as Corp LBO and 2. even if it is true (that personalities are different) it would have no meaningful impact on the life of a junior. No matter what at a place like BS it's probably viciously competitve and there is little-to-no margin for or tolerance of errors.
Question - what is in Florham Park? Is BS's RE group not on Park Ave?
Hey lebron PM me , I have a contact but you must send me $3500 by wire. if you get job, it's like 4000x return. win-win
Hey lebron PM me , I have a contact but you must send me $3500 by wire. if you get job, it's like 4000x return. win-win
BlackRock's real estate group is in Florham Park...not Blackstone's. But rumor has it that BLK is moving the office to NYC.
are there any PE in st louis
Who will be in NYC this Thursday?
Blackstone Real Estate New York (Originally Posted: 06/25/2012)
Anyone know if Blackstone hired a full-time associate in their real estate group in New York this year?
They did last year.
I knew that, but do you have any idea if they took anyone this year to start this summer? Heard they were either going to hire someone or promote an analyst, but was just curious as to whether or not they actually did.
sorry... no idea...
Blackstone Real Estate Debt Strategies Team (Originally Posted: 09/23/2012)
Does anyone have any experience interviewing with Blackstone's Real Estate Debt Strategies team? If so, any insights as to what to expect in terms of questions? Thanks in advance - much appreciated.
Has anyone gone in for a super day? I'm wondering what to expect.
What's your RE background? Were you in CDO structuring/LBO or more on the valuation side?
Blackstone's interviews are notoriously technical, and demonstrating modelling skill will be essential but not corp LBO modelling. You should be able to build a leveraged investment model a portfolio of properties...i.e. forecast operating performance of the property, build a debt waterfall and price the residule CF's to equity less any other costs. Be prepared for model lease cash flows as opposed to more RE theory approach.
Besides this, know your brainteasers, technical analysis, and most importantly, RELAX.....you'll do fine.
What are your motivations for this position?
Have you heard back?
Blackstone Real Estate Debt Strategies? (Originally Posted: 09/25/2012)
Hi,
I am currently looking for full-time jobs and was wondering if anyone knew what the Blackstone Real Estate Debt Strats group did? Is it a private equity group or is it just a real estate group? Any ideas what interviews might look like? Thanks!
anyone know what their analysts make, salary + bonus? both for first years, and for experienced hires (one year REIB)?
If you have to ask, you probably dont have a good shot.
Blackstone Real Estate Debt Strategies (Originally Posted: 10/15/2012)
Has anyone heard back from Blackstone's RE Debt Strategies interview?
bump
nope
Hi people. Could anyone shed some light on their BREDS interview with me please? I'm interviewing with BREPS and would massively appreciate some input. Have any of you sat their numerical test yet? Apologies for an overly onerous question set from a new user.
How about for this year's (2014 BREDS Analyst) openings? Any of you guys hear back?
From an old thread:
"Blackstone's interviews are notoriously technical, and demonstrating modelling skill will be essential but not corp LBO modelling. You should be able to build a leveraged investment model a portfolio of properties...i.e. forecast operating performance of the property, build a debt waterfall and price the residule CF's to equity less any other costs. Be prepared for model lease cash flows as opposed to more RE theory approach"
I had an interview for the real estate Asset Management group. We had to do build out a basic cash flow model with exit cap rates and debt yield.. nothing too complicated. Other than that, no technicals... I think it depends which group. For tech, M&A, and PE expect lots of technicals. Less for real estate.
Random, but does BX pay more than a BB will?
As a starting analyst, ya... A lot more from what I've heard.
Blackstone Real Estate Group Interview (Originally Posted: 01/22/2013)
Hi, I have a first-round interview for a summer analyst position at Blackstone RE group upcoming next week. I go to a liberal arts school and this is the first time that the group came to do recruiting. Could anyone please give some idea about what the interview would be like and how I should prepare for it? Many thanks!
Would also like to know.
also, is this an OCR interview or non-OCR for you?
non-OCR
Blackstone real estate interview hk (Originally Posted: 11/25/2013)
qwertyasdf
I haven't got any info on this, but I am currently looking for a summer internship in Bei Jing with a REPE ideally. I'd appreciate it if you could give me some insight as to how you went about landing this interview with BX. Best of luck!
I just applied through the website. Also got the interview with the Advisory team but didn't hear back from PE.
Solid team in Hong Kong. They've made a number of strong buys in China lately (in my opinion) across multiple asset classes including retail, office and residential. This stuff can be found easily online, and I recommend you search out their recent deals and learn what you can. Other than that, I've not interviewed with them in HK so don't know what it'll be like.
Question- what is your background? HK/mainland native educated in US/UK and native bilangual?
PMed you.
Blackstone Real Estate Debt Strategies - Summer intern 2014 - London (Originally Posted: 03/18/2014)
Has anyone been interviewed at BREDS in their London offices for summer internships this year? Did you get an offer ?
Also applied, still waiting...no interview (yet), no news. have you heard anything?
would really help if you could let me know if you have
I too applied..but the same as you are..waiting.. I approached Goodwill Coordinator and hope they can come up with any help.
any update on this?
still waiting...! I know (from past experience...) that Blackstone tends to just not email you if they are not interested. if any of us gets an invitation to interview, shall we agree to post here so that the others at least know they are out of the running?
Has anyone heard back yet?
Looks like they extended the deadline to May 1st....the wait continues!
has anyone heard back yet?
Two of my friends at LSE have interviewed with them 1 month ago, and neither gets it.
My own experience with BX is, if they don't get you back quickly, you are dinged.
Thanks!
Has anyone got a response yet?
Blackstone Real Estate Debt Strategies Summer Analyst in London? (Originally Posted: 01/06/2015)
Hey guys,
I was wonder if anyone had any experience interviewing with this group and could shed some light on the stages? I've had a first round and waiting for response. I have done internships in both S&T and corporate finance before but it seems a bit trickier to find info on the BS. How many rounds? How is the AC structured?
Many thanks for any input!
Can you give any insight into your interview? Technical? Mostly fit?
Fit interview, nothing technical at all. Do you have an interview upcoming?
Hey, just did my interview, have you heard back?
Hey, just did my interview, have you heard back?
Yes, I have a second round coming up. This one will probably be more technical. How was your first round? Heard back yet?
Have one coming up for SA in NYC (not specific to debt or equity team)
First Round went okay, mix of technical and fit. How long did they take to reply? Around about a week? Thanks
How many interviews did you have? Yes, about 1,5 week later
Just got invited to 2nd phone interview! how many did you have? what was your second one like?
Is this for breds or repe? It seems as if our processes are very different
It's for breps. I have a second phone interview coming up. How about you?
Breps? So real estate private equity? Ahh okey, I've had with Real estate debt strategies previously, where I have a final round upcoming as it seems. For RE private equity, I just had a first round this week with 2 analyst, both very much focused on technicals, many questions about LBO, IRR calculations and brain teasers.
oh no got the acronym confused, i have 2nd phone interview for re debt strategies too. Is 3rd round final? LBO and IRR? wow okay
has anyone heard from advisory?
To people who have heard back....did they phone or email you? Be it rejection or an offer.
The breds team were all amazing, really enjoyed talked to all of them. Less actual technicals and more logical/scenario questions to check your understanding of RE. Focused on your cv, what you've done, and testing you on that. I've done ibd so questions about that and valuation for example, but only on the surface/conceptual rather than in-depth details
Cool ! IBD guy as well, but not RE team Believe that it should be related to comps and DCF then Thanks dude !
Do any of the interview involve a modeling test? Or is it just conceptual technical and case based questions?
Romanissta I have messaged you asking regarding it! I hope you are able to reply!
I saw that you have done the interview with Blackstone Real Estate Debt Strategies Summer Analyst? I have a first round coming up.
I have only ever done more market-related stuff so no RE experience. Could you guide me as to what questions were asked of you? Anything technical? How many rounds do they have?
Thanks, I'll be really grateful if you could help me!
Blackstone - Real Estate Debt Strategies (BREDS) - Analyst Interview (Originally Posted: 11/02/2015)
Hello! I have been approached by a headhunter for Analyst - Blackstone - Real Estate Debt Strategies (BREDS) position, and have a first round interview in a couple of weeks.
I guess it would not be an HR interview coz the recruiting firm has already done the screening.
Anyone has experience with BREDS interview before? Any help would be highly appreciated!
:)
Blackstone uses headhunters?
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