Director, Asset Management (Debt/Private Credit)
About The Position
Brio Real Estate is a Blackstone Real Estate portfolio company focused on real estate credit. Brio supports Blackstone’s Real Estate Debt Strategies (“BREDS”) investments across the globe. The company provides support across key functions, including corporate, transaction, and management services. The critical infrastructure and capabilities Brio provides for BREDS allows for effective support in the management of its global portfolio. Today, BREDS has more than $76 billion of investor capital across high yield / opportunistic real estate credit funds, a publicly traded Mortgage REIT, and liquid securities strategies. BREDS is part of Blackstone Real Estate, the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector. Position Overview: We are seeking a Director, Asset Management (Debt/Private Credit) for a portfolio of Investment Grade commercial mortgage loans collateralized by operating commercial real estate properties spanning a variety of U.S. markets and multiple property types including office, retail, multifamily, industrial, mixed-use and hospitality. Services are provided in partnership with the client’s own activities.
Requirements
- Bachelor’s Degree in finance, real estate or a related field.
- 4+ years of relevant debt Asset Management experience.
- Familiarity with real estate debt instruments, fund structures, and capital markets.
- Ability to interpret legal documents.
- Solid analytical and negotiating skills.
- High standards and ability to meet time sensitive deadlines.
- Proficiency in Microsoft Excel, Word, and Outlook.
- Ability to travel 10-15%.
Nice To Haves
- An advanced degree or other academic background in finance, real estate or accounting.
- Strong mathematical aptitude.
- Knowledge of property insurance and tax.
- Advanced Excel skills.
Responsibilities
- Monitor performance of assigned loan portfolio in relation to underwritten business plan and metrics.
- Review borrower requests submitted by Servicers for Lender review and approval, including draw requests, lease approvals, loan modifications.
- Interact with third party consultants including attorneys, title agents, inspectors.
- Coordinate communications between multiple stakeholders including Borrowers, Sponsors, syndicate/participant Lenders.
- Review and analyze property operating statements, rent rolls, and leases.
- Update deal cash flow projections on a quarterly and annual basis.
- Maintain broad overview knowledge of major markets (trends, drivers, rents, values, etc.) to support sound assessment of property operations.
- Review and approve loan payoffs and yield maintenance calculations.
- Provide direction to Servicers for property insurance and tax exceptions.
- Perform occasional site visits as required.
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What This Job Offers
Job Type
Full-time
Career Level
Director
